Sidoti Csr Comments on Johnson Outdoors Inc.’s Q2 2024 Earnings (NASDAQ:JOUT)

Johnson Outdoors Inc. (NASDAQ:JOUT) – Stock analysts at Sidoti Csr cut their Q2 2024 EPS estimates for shares of Johnson Outdoors in a research note issued to investors on Monday, April 29th. Sidoti Csr analyst A. Lebiedzinski now forecasts that the company will post earnings per share of $0.50 for the quarter, down from their prior forecast of $0.98. The consensus estimate for Johnson Outdoors’ current full-year earnings is $1.72 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 issued its quarterly earnings data on Friday, February 2nd. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.23. The company had revenue of $138.64 million for the quarter, compared to the consensus estimate of $140.44 million. Johnson Outdoors had a net margin of 2.82% and a return on equity of 3.47%. During the same quarter in the prior year, the firm earned $0.57 earnings per share.

Johnson Outdoors Price Performance

JOUT stock opened at $37.83 on Thursday. Johnson Outdoors has a 1 year low of $37.75 and a 1 year high of $64.71. The company has a market cap of $388.89 million, a P/E ratio of 22.12, a price-to-earnings-growth ratio of 1.74 and a beta of 0.75. The stock’s fifty day moving average price is $43.75 and its 200-day moving average price is $47.33.

Johnson Outdoors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Thursday, April 11th were paid a dividend of $0.33 per share. The ex-dividend date was Wednesday, April 10th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.49%. Johnson Outdoors’s dividend payout ratio is currently 77.19%.

Institutional Investors Weigh In On Johnson Outdoors

Several hedge funds and other institutional investors have recently made changes to their positions in JOUT. Gabelli Funds LLC grew its position in Johnson Outdoors by 1.4% during the third quarter. Gabelli Funds LLC now owns 14,700 shares of the company’s stock valued at $804,000 after buying an additional 200 shares during the period. Swiss National Bank increased its stake in shares of Johnson Outdoors by 2.4% in the 3rd quarter. Swiss National Bank now owns 12,900 shares of the company’s stock worth $706,000 after purchasing an additional 300 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Johnson Outdoors by 0.8% in the 3rd quarter. Victory Capital Management Inc. now owns 54,899 shares of the company’s stock worth $3,002,000 after purchasing an additional 410 shares in the last quarter. Diversified Investment Strategies LLC raised its holdings in Johnson Outdoors by 2.5% in the 3rd quarter. Diversified Investment Strategies LLC now owns 19,140 shares of the company’s stock worth $1,047,000 after purchasing an additional 475 shares during the period. Finally, Legacy Financial Group LLC purchased a new position in Johnson Outdoors during the third quarter valued at $28,000. Hedge funds and other institutional investors own 64.05% of the company’s stock.

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.