Sidoti Csr Issues Pessimistic Forecast for JOUT Earnings

Johnson Outdoors Inc. (NASDAQ:JOUT) – Research analysts at Sidoti Csr cut their FY2025 earnings per share estimates for shares of Johnson Outdoors in a research note issued on Wednesday, October 30th. Sidoti Csr analyst A. Lebiedzinski now expects that the company will post earnings per share of $1.44 for the year, down from their prior estimate of $1.70. The consensus estimate for Johnson Outdoors’ current full-year earnings is $0.07 per share.

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 Down 0.3 %

Shares of NASDAQ JOUT opened at $32.37 on Thursday. Johnson Outdoors has a 12 month low of $32.01 and a 12 month high of $55.30. The company has a market cap of $333.44 million, a P/E ratio of 68.87, a P/E/G ratio of 1.40 and a beta of 0.70. The business’s 50 day moving average is $35.26 and its two-hundred day moving average is $36.56.

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 the consensus estimate of $0.22 by ($0.06). The firm had revenue of $172.47 million for the quarter, compared to the consensus estimate of $176.14 million. Johnson Outdoors had a negative return on equity of 1.65% and a negative net margin of 1.42%. During the same period in the prior year, the company posted $1.44 earnings per share.

Institutional Trading of Johnson Outdoors

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Johnson Outdoors by 13.9% during the first quarter. Vanguard Group Inc. now owns 346,115 shares of the company’s stock worth $15,959,000 after buying an additional 42,314 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in shares of Johnson Outdoors by 39.5% during the 1st quarter. Gamco Investors INC. ET AL now owns 248,300 shares of the company’s stock valued at $11,449,000 after acquiring an additional 70,300 shares in the last quarter. ProShare Advisors LLC increased its stake in Johnson Outdoors by 17.3% in the first quarter. ProShare Advisors LLC now owns 163,026 shares of the company’s stock valued at $7,517,000 after acquiring an additional 23,987 shares during the period. Empowered Funds LLC raised its position in 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 in the last quarter. Finally, Prosperity Consulting Group LLC bought a new position in Johnson Outdoors during the first quarter worth about $306,000. 64.05% of the stock is currently owned by institutional investors.

Johnson Outdoors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 9th were given a $0.33 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.08%. Johnson Outdoors’s dividend payout ratio is currently 280.85%.

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.