Sidoti Csr Forecasts Weaker Earnings for Johnson Outdoors

Johnson Outdoors Inc. (NASDAQ:JOUT) – Investment analysts at Sidoti Csr lowered their FY2024 EPS estimates for Johnson Outdoors in a research note issued on Wednesday, October 30th. Sidoti Csr analyst A. Lebiedzinski now expects that the company will post earnings of ($0.23) per share for the year, down from their previous forecast of $0.07. The consensus estimate for Johnson Outdoors’ current full-year earnings is ($0.23) per share. Sidoti Csr also issued estimates for Johnson Outdoors’ Q4 2024 earnings at ($0.98) EPS and Q1 2025 earnings at ($0.15) EPS.

Separately, StockNews.com upgraded shares of Johnson Outdoors from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th.

Johnson Outdoors Stock Performance

JOUT stock opened at $32.08 on Friday. The company has a market cap of $330.42 million, a price-to-earnings ratio of -39.60, a P/E/G ratio of 1.57 and a beta of 0.71. The business’s 50-day moving average is $35.08 and its two-hundred day moving average is $36.41. Johnson Outdoors has a fifty-two week low of $31.60 and a fifty-two week high of $55.30.

Johnson Outdoors (NASDAQ:JOUT) last announced its earnings results on Monday, August 5th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). The company had revenue of $172.47 million for the quarter, compared to analysts’ expectations of $176.14 million. Johnson Outdoors had a negative net margin of 1.42% and a negative return on equity of 1.65%. During the same quarter in the prior year, the firm posted $1.44 earnings per share.

Institutional Trading of Johnson Outdoors

Hedge funds have recently bought and sold shares of the stock. Prosperity Consulting Group LLC purchased a new position in shares of Johnson Outdoors during the 1st quarter valued at about $306,000. BNP Paribas Financial Markets lifted its holdings in Johnson Outdoors by 47.9% during the first quarter. BNP Paribas Financial Markets now owns 3,175 shares of the company’s stock valued at $146,000 after purchasing an additional 1,029 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Johnson Outdoors by 8.2% in the first quarter. Empowered Funds LLC now owns 16,213 shares of the company’s stock worth $748,000 after purchasing an additional 1,225 shares during the period. Isthmus Partners LLC increased its stake in shares of Johnson Outdoors by 83.5% in the first quarter. Isthmus Partners LLC now owns 50,173 shares of the company’s stock worth $2,313,000 after purchasing an additional 22,833 shares in the last quarter. Finally, ProShare Advisors LLC raised its position in shares of Johnson Outdoors by 17.3% during the 1st quarter. ProShare Advisors LLC now owns 163,026 shares of the company’s stock valued at $7,517,000 after purchasing an additional 23,987 shares during the period. Institutional investors own 64.05% of the company’s stock.

Johnson Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 9th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date of this dividend was Wednesday, October 9th. Johnson Outdoors’s payout ratio is -162.96%.

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.