Johnson Outdoors (NASDAQ:JOUT) Issues Quarterly Earnings Results

Johnson Outdoors (NASDAQ:JOUTGet Free Report) posted its quarterly earnings results on Friday. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.23, MarketWatch Earnings reports. The business had revenue of $138.64 million for the quarter, compared to analysts’ expectations of $140.44 million. Johnson Outdoors had a return on equity of 3.86% and a net margin of 2.94%. During the same period last year, the firm earned $0.57 earnings per share.

Johnson Outdoors Trading Down 2.8 %

Shares of JOUT stock opened at $44.41 on Friday. Johnson Outdoors has a 12-month low of $44.36 and a 12-month high of $71.59. The stock’s 50-day moving average price is $49.71 and its 200-day moving average price is $52.63. The stock has a market capitalization of $455.20 million, a price-to-earnings ratio of 25.97, a price-to-earnings-growth ratio of 1.18 and a beta of 0.75.

Johnson Outdoors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 25th. Stockholders of record on Thursday, January 11th were issued a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, January 10th. This represents a $1.32 annualized dividend and a dividend yield of 2.97%. Johnson Outdoors’s dividend payout ratio (DPR) is 77.19%.

Institutional Investors Weigh In On Johnson Outdoors

Several large investors have recently made changes to their positions in JOUT. Swiss National Bank increased its holdings in shares of Johnson Outdoors by 7.0% in the first quarter. Swiss National Bank now owns 13,700 shares of the company’s stock worth $1,065,000 after purchasing an additional 900 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Johnson Outdoors by 27.4% in the first quarter. Raymond James & Associates now owns 4,742 shares of the company’s stock worth $369,000 after purchasing an additional 1,020 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Johnson Outdoors by 4.0% during the first quarter. Bank of New York Mellon Corp now owns 41,427 shares of the company’s stock worth $3,221,000 after acquiring an additional 1,580 shares during the last quarter. MetLife Investment Management LLC increased its stake in Johnson Outdoors by 54.6% during the first quarter. MetLife Investment Management LLC now owns 2,659 shares of the company’s stock worth $207,000 after acquiring an additional 939 shares during the last quarter. Finally, BlackRock Inc. increased its stake in Johnson Outdoors by 0.3% during the first quarter. BlackRock Inc. now owns 459,019 shares of the company’s stock worth $35,680,000 after acquiring an additional 1,413 shares during the last quarter. 60.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Johnson Outdoors from a “buy” rating to a “hold” rating in a report on Monday, December 11th.

View Our Latest Analysis on JOUT

Johnson Outdoors Company Profile

(Get Free Report)

Johnson Outdoors Inc designs, manufactures, and markets seasonal and outdoor recreational products for fishing worldwide. It operates through four segments: Fishing, Camping, Watercraft Recreation, and Diving. The Fishing segment offers electric motors for trolling, marine battery chargers, and shallow water anchors; sonar and GPS equipment for fish finding, navigation, and marine cartography; and downriggers for controlled-depth fishing.

Featured Articles

Earnings History for Johnson Outdoors (NASDAQ:JOUT)

Receive News & Ratings for Johnson Outdoors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Johnson Outdoors and related companies with MarketBeat.com's FREE daily email newsletter.