Equities Analysts Set Expectations for JOUT FY2024 Earnings

Johnson Outdoors Inc. (NASDAQ:JOUT) – Research analysts at Sidoti Csr dropped their FY2024 EPS estimates for Johnson Outdoors in a research report issued on Wednesday, October 30th. Sidoti Csr analyst A. Lebiedzinski now forecasts that the company will post earnings per share of ($0.23) for the year, down from their prior forecast of $0.07. The consensus estimate for Johnson Outdoors’ current full-year earnings is $0.07 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 report on Thursday, August 8th.

Johnson Outdoors Trading Up 1.5 %

Shares of JOUT 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 PEG ratio of 1.61 and a beta of 0.70. Johnson Outdoors has a 1-year low of $31.60 and a 1-year high of $55.30. The company’s fifty day simple moving average is $35.18 and its 200 day simple moving average is $36.52.

Johnson Outdoors (NASDAQ:JOUT) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). The business had revenue of $172.47 million during the quarter, compared to analyst estimates 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 last year, the business earned $1.44 earnings per share.

Hedge Funds Weigh In On Johnson Outdoors

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. nVerses Capital LLC boosted its position in Johnson Outdoors by 100.0% during the third quarter. nVerses Capital LLC now owns 800 shares of the company’s stock worth $29,000 after purchasing an additional 400 shares during the period. Lazard Asset Management LLC bought a new position in Johnson Outdoors during the first quarter worth $101,000. EntryPoint Capital LLC bought a new position in Johnson Outdoors during the first quarter worth $136,000. BNP Paribas Financial Markets boosted its position in Johnson Outdoors by 47.9% during the first quarter. BNP Paribas Financial Markets now owns 3,175 shares of the company’s stock worth $146,000 after purchasing an additional 1,029 shares during the period. Finally, Prosperity Consulting Group LLC bought a new position in Johnson Outdoors during the first quarter worth $306,000. 64.05% of the stock is owned by institutional investors.

Johnson Outdoors Dividend Announcement

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