Zacks: Analysts Anticipate Johnson Outdoors Inc. (JOUT) Will Post Earnings of $0.02 Per Share
Analysts expect Johnson Outdoors Inc. (NASDAQ:JOUT) to report earnings of $0.02 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Johnson Outdoors’ earnings, with estimates ranging from $0.00 to $0.03. Johnson Outdoors reported earnings of ($0.21) per share in the same quarter last year, which indicates a positive year over year growth rate of 109.5%. The firm is scheduled to report its next earnings report on Monday, December 11th.
According to Zacks, analysts expect that Johnson Outdoors will report full year earnings of $3.50 per share for the current year, with EPS estimates ranging from $3.49 to $3.51. For the next financial year, analysts anticipate that the company will post earnings of $3.13 per share, with EPS estimates ranging from $3.12 to $3.14. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Johnson Outdoors.
Johnson Outdoors (NASDAQ:JOUT) last issued its quarterly earnings data on Friday, August 4th. The company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.63. The firm had revenue of $155.27 million during the quarter, compared to the consensus estimate of $149.29 million. Johnson Outdoors had a return on equity of 12.90% and a net margin of 6.85%.
Several equities analysts recently weighed in on the company. Forward View reiterated a “buy” rating and set a $72.00 target price on shares of Johnson Outdoors in a research report on Sunday, September 3rd. ValuEngine upgraded Johnson Outdoors from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded Johnson Outdoors from a “hold” rating to a “strong-buy” rating and set a $66.00 target price on the stock in a research report on Wednesday, August 9th. BidaskClub upgraded Johnson Outdoors from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 9th. Finally, Imperial Capital increased their target price on Johnson Outdoors from $49.00 to $63.00 and gave the stock an “outperform” rating in a research report on Monday, August 7th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $67.00.
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In other Johnson Outdoors news, Director Thomas F. Pyle, Jr. sold 1,000 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $63.16, for a total transaction of $63,160.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Terry E. London sold 1,127 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $59.81, for a total value of $67,405.87. The disclosure for this sale can be found here. Insiders have sold 4,077 shares of company stock valued at $255,814 over the last 90 days. 28.42% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in JOUT. Bank of Montreal Can increased its stake in Johnson Outdoors by 36.3% during the first quarter. Bank of Montreal Can now owns 4,758 shares of the company’s stock worth $174,000 after acquiring an additional 1,268 shares during the last quarter. Strs Ohio increased its stake in Johnson Outdoors by 2.4% during the first quarter. Strs Ohio now owns 17,000 shares of the company’s stock worth $620,000 after acquiring an additional 400 shares during the last quarter. US Bancorp DE increased its stake in Johnson Outdoors by 0.6% during the first quarter. US Bancorp DE now owns 28,917 shares of the company’s stock worth $1,056,000 after acquiring an additional 171 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Johnson Outdoors by 8.6% during the first quarter. Bank of New York Mellon Corp now owns 43,539 shares of the company’s stock worth $1,590,000 after acquiring an additional 3,442 shares during the last quarter. Finally, Oxford Asset Management acquired a new stake in Johnson Outdoors during the first quarter worth about $281,000. Institutional investors own 59.48% of the company’s stock.
Shares of Johnson Outdoors (NASDAQ:JOUT) traded down 0.72% during mid-day trading on Tuesday, hitting $65.99. The company had a trading volume of 14,725 shares. The firm has a 50-day moving average of $61.15 and a 200-day moving average of $46.62. The company has a market cap of $648.81 million, a PE ratio of 20.38 and a beta of 0.74. Johnson Outdoors has a 12 month low of $31.25 and a 12 month high of $66.85.
Johnson Outdoors Company Profile
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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