Brokers Issue Forecasts for Johnson Outdoors Inc.’s Q2 2024 Earnings (NASDAQ:JOUT)

Johnson Outdoors Inc. (NASDAQ:JOUT) – Equities research analysts at Sidoti Csr cut their Q2 2024 EPS estimates for Johnson Outdoors in a research report issued to clients and investors on Monday, April 29th. Sidoti Csr analyst A. Lebiedzinski now forecasts that the company will post earnings of $0.50 per share for the quarter, down from their prior estimate of $0.98. The consensus estimate for Johnson Outdoors’ current full-year earnings is $2.67 per share. Sidoti Csr also issued estimates for Johnson Outdoors’ Q3 2024 earnings at $0.70 EPS, FY2024 earnings at $1.72 EPS, Q1 2025 earnings at $0.43 EPS, Q2 2025 earnings at $1.37 EPS, Q3 2025 earnings at $1.31 EPS, Q4 2025 earnings at $0.38 EPS and FY2025 earnings at $3.50 EPS.

Johnson Outdoors (NASDAQ:JOUT) last posted its quarterly earnings data on Friday, February 2nd. The company reported $0.38 earnings per share (EPS) 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 firm had revenue of $138.64 million during the quarter, compared to the consensus estimate of $140.44 million. During the same quarter in the previous year, the firm posted $0.57 EPS.

Johnson Outdoors Price Performance

Shares of NASDAQ:JOUT opened at $41.91 on Thursday. The business’s 50 day simple moving average is $43.91 and its 200 day simple moving average is $47.47. Johnson Outdoors has a 1 year low of $40.24 and a 1 year high of $64.71. The company has a market capitalization of $430.83 million, a P/E ratio of 24.51, a P/E/G ratio of 1.10 and a beta of 0.75.

Hedge Funds Weigh In On Johnson Outdoors

Several hedge funds have recently bought and sold shares of JOUT. Wellington Management Group LLP increased its stake in Johnson Outdoors by 5.6% in the fourth quarter. Wellington Management Group LLP now owns 140,856 shares of the company’s stock valued at $7,525,000 after acquiring an additional 7,486 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Johnson Outdoors by 19.2% during the 4th quarter. Russell Investments Group Ltd. now owns 115,725 shares of the company’s stock worth $6,182,000 after buying an additional 18,607 shares during the last quarter. Gamco Investors INC. ET AL boosted its stake in Johnson Outdoors by 39.3% in the third quarter. Gamco Investors INC. ET AL now owns 110,400 shares of the company’s stock valued at $6,038,000 after buying an additional 31,172 shares in the last quarter. Skylands Capital LLC raised its stake in Johnson Outdoors by 38.9% during the fourth quarter. Skylands Capital LLC now owns 95,400 shares of the company’s stock worth $5,096,000 after acquiring an additional 26,742 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Johnson Outdoors by 5.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 82,052 shares of the company’s stock worth $3,783,000 after acquiring an additional 3,906 shares during the last quarter. 64.05% of the stock is owned by institutional investors.

Johnson Outdoors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Thursday, April 11th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend was Wednesday, April 10th. Johnson Outdoors’s payout ratio is currently 77.19%.

About Johnson Outdoors

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.