Johnson Outdoors (JOUT) to Release Earnings on Friday

Johnson Outdoors (NASDAQ:JOUTGet Free Report) will be releasing its 12/31/2023 earnings data before the market opens on Friday, February 2nd. Analysts expect Johnson Outdoors to post earnings of $0.15 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Johnson Outdoors (NASDAQ:JOUTGet Free Report) last released its quarterly earnings data on Friday, December 8th. The company reported ($1.56) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($1.24). Johnson Outdoors had a return on equity of 3.86% and a net margin of 2.94%. The business had revenue of $96.35 million during the quarter, compared to analysts’ expectations of $121.09 million. During the same quarter last year, the business posted $0.95 EPS. On average, analysts expect Johnson Outdoors to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Johnson Outdoors Stock Performance

NASDAQ JOUT opened at $46.38 on Wednesday. Johnson Outdoors has a fifty-two week low of $44.36 and a fifty-two week high of $71.88. The stock has a 50 day simple moving average of $50.16 and a two-hundred day simple moving average of $52.85. The stock has a market cap of $475.40 million, a P/E ratio of 24.41, a price-to-earnings-growth ratio of 1.30 and a beta of 0.76.

Johnson Outdoors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 25th. Stockholders of record on Thursday, January 11th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend was Wednesday, January 10th. Johnson Outdoors’s dividend payout ratio is currently 69.47%.

Institutional Trading of Johnson Outdoors

A number of institutional investors and hedge funds have recently modified their holdings of JOUT. Swiss National Bank boosted its stake in shares of Johnson Outdoors by 7.0% in the 1st quarter. Swiss National Bank now owns 13,700 shares of the company’s stock worth $1,065,000 after buying an additional 900 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Johnson Outdoors by 27.4% in the first quarter. Raymond James & Associates now owns 4,742 shares of the company’s stock worth $369,000 after purchasing an additional 1,020 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Johnson Outdoors by 4.0% in the first quarter. Bank of New York Mellon Corp now owns 41,427 shares of the company’s stock worth $3,221,000 after purchasing an additional 1,580 shares during the last quarter. MetLife Investment Management LLC increased its holdings in shares of Johnson Outdoors by 54.6% in the first quarter. MetLife Investment Management LLC now owns 2,659 shares of the company’s stock worth $207,000 after purchasing an additional 939 shares during the last quarter. Finally, BlackRock Inc. increased its stake in Johnson Outdoors by 0.3% during 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 during the last quarter. Institutional investors own 60.10% of the company’s stock.

Wall Street Analyst Weigh In

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

Read Our Latest Report on JOUT

About Johnson Outdoors

(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.

Further Reading

Earnings History for Johnson Outdoors (NASDAQ:JOUT)

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