Johnson Outdoors Inc. (NASDAQ:JOUT) to Post Q2 2024 Earnings of $0.98 Per Share, Sidoti Csr Forecasts

Johnson Outdoors Inc. (NASDAQ:JOUTFree Report) – Equities research analysts at Sidoti Csr lowered their Q2 2024 EPS estimates for shares of Johnson Outdoors in a research report issued to clients and investors on Monday, February 5th. Sidoti Csr analyst A. Lebiedzinski now expects that the company will post earnings of $0.98 per share for the quarter, down from their prior estimate of $1.12. The consensus estimate for Johnson Outdoors’ current full-year earnings is $2.67 per share. Sidoti Csr also issued estimates for Johnson Outdoors’ Q1 2025 earnings at $0.55 EPS.

Separately, StockNews.com lowered shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a research note on Monday, December 11th.

Get Our Latest Stock Analysis on JOUT

Johnson Outdoors Trading Up 3.6 %

Johnson Outdoors stock opened at $45.60 on Wednesday. Johnson Outdoors has a 1-year low of $43.45 and a 1-year high of $66.98. The firm has a market capitalization of $467.40 million, a price-to-earnings ratio of 26.67, a P/E/G ratio of 1.21 and a beta of 0.75. The firm has a 50 day simple moving average of $49.08 and a 200 day simple moving average of $52.28.

Johnson Outdoors (NASDAQ:JOUTGet Free Report) last released its quarterly earnings data on Friday, February 2nd. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.23. Johnson Outdoors had a net margin of 2.82% and a return on equity of 3.47%. The business had revenue of $138.64 million during the quarter, compared to analyst estimates of $140.44 million. During the same period in the previous year, the business earned $0.57 EPS.

Johnson Outdoors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 25th. Stockholders of record on Thursday, January 11th were given a dividend of $0.33 per share. The ex-dividend date was Wednesday, January 10th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.89%. Johnson Outdoors’s dividend payout ratio (DPR) is currently 77.19%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in Johnson Outdoors by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 625,314 shares of the company’s stock worth $39,400,000 after acquiring an additional 14,706 shares in the last quarter. BlackRock Inc. grew its position in Johnson Outdoors by 0.3% in 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 in the last quarter. Vanguard Group Inc. grew its position in Johnson Outdoors by 1.5% in the first quarter. Vanguard Group Inc. now owns 295,059 shares of the company’s stock worth $22,935,000 after acquiring an additional 4,254 shares in the last quarter. Renaissance Technologies LLC grew its position in Johnson Outdoors by 2.3% in the first quarter. Renaissance Technologies LLC now owns 263,500 shares of the company’s stock worth $16,603,000 after acquiring an additional 5,800 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its position in Johnson Outdoors by 14.4% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 175,500 shares of the company’s stock worth $10,784,000 after acquiring an additional 22,060 shares in the last quarter. 60.10% of the stock is currently owned by hedge funds and other institutional investors.

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.

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