Johnson Outdoors Inc. (NASDAQ:JOUT) Expected to Post FY2017 Earnings of $3.49 Per Share
Johnson Outdoors Inc. (NASDAQ:JOUT) – Equities research analysts at Imperial Capital increased their FY2017 earnings estimates for Johnson Outdoors in a research report issued on Monday. Imperial Capital analyst G. Kelly now anticipates that the company will post earnings of $3.49 per share for the year, up from their prior forecast of $2.44. Imperial Capital currently has a “Outperform” rating and a $63.00 target price on the stock. Imperial Capital also issued estimates for Johnson Outdoors’ Q4 2017 earnings at $0.00 EPS and FY2018 earnings at $3.14 EPS.
A number of other analysts have also issued reports on JOUT. BidaskClub upgraded shares of Johnson Outdoors from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Forward View upgraded shares of Johnson Outdoors from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. ValuEngine upgraded shares of Johnson Outdoors from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research lowered shares of Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 12th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $48.67.
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Johnson Outdoors (NASDAQ JOUT) opened at 57.36 on Wednesday. Johnson Outdoors has a 12-month low of $27.97 and a 12-month high of $59.61. The firm has a market capitalization of $563.28 million, a PE ratio of 25.32 and a beta of 0.77. The company has a 50-day moving average price of $47.87 and a 200-day moving average price of $40.08.
Johnson Outdoors (NASDAQ:JOUT) last released its quarterly earnings data on Friday, August 4th. The company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.63. Johnson Outdoors had a return on equity of 12.90% and a net margin of 6.85%. The firm had revenue of $155.27 million for the quarter, compared to analysts’ expectations of $149.29 million.
A number of hedge funds have recently made changes to their positions in JOUT. American International Group Inc. raised its stake in shares of Johnson Outdoors by 7.2% in the first quarter. American International Group Inc. now owns 3,020 shares of the company’s stock worth $110,000 after buying an additional 202 shares during the period. Smith Asset Management Group LP bought a new position in shares of Johnson Outdoors during the second quarter worth $149,000. Acrospire Investment Management LLC bought a new position in shares of Johnson Outdoors during the first quarter worth $122,000. ClariVest Asset Management LLC bought a new position in shares of Johnson Outdoors during the second quarter worth $174,000. Finally, First Trust Advisors LP bought a new position in shares of Johnson Outdoors during the second quarter worth $226,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.
The company also recently announced a quarterly dividend, which was paid on Thursday, July 27th. Investors of record on Thursday, July 13th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, July 11th. This represents a $0.36 dividend on an annualized basis and a yield of 0.63%. Johnson Outdoors’s dividend payout ratio (DPR) is currently 11.15%.
About Johnson Outdoors
Johnson Outdoors Inc is a manufacturer and marketer of branded seasonal, outdoor recreation products. The Company operates through four segments: Marine Electronics, Outdoor Equipment, Watercraft and Diving. Its Marine Electronics segment’s brands are Minn Kota, Humminbird and Cannon. Its Outdoor Equipment segment’s brands are Eureka!, Jetboil and Silva.
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