Sidoti Csr Decreases Earnings Estimates for Johnson Outdoors

Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) - Equities researchers at Sidoti Csr dropped their FY2024 earnings per share (EPS) estimates for Johnson Outdoors in a research report 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 $0.07 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 Johnson Outdoors from a "sell" rating to a "hold" rating in a report on Thursday, August 8th.

Johnson Outdoors Stock Performance

Johnson Outdoors stock traded up $0.46 during midday trading on Friday, hitting $32.08. 30,611 shares of the company's stock were exchanged, compared to its average volume of 50,731. Johnson Outdoors has a 52-week low of $31.60 and a 52-week high of $55.30. The stock has a 50-day moving average price of $35.18 and a two-hundred day moving average price of $36.52. The company has a market cap of $330.42 million, a P/E ratio of -39.04, a PEG ratio of 1.61 and a beta of 0.70.

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

Institutional Investors Weigh In On Johnson Outdoors

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Johnson Outdoors by 13.9% in the 1st quarter. Vanguard Group Inc. now owns 346,115 shares of the company's stock valued at $15,959,000 after acquiring an additional 42,314 shares during the last quarter. Gamco Investors INC. ET AL lifted its stake in shares of Johnson Outdoors by 39.5% in 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 during the last quarter. Deprince Race & Zollo Inc. lifted its stake in shares of Johnson Outdoors by 35.8% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 223,814 shares of the company's stock valued at $7,829,000 after acquiring an additional 59,016 shares during the last quarter. ProShare Advisors LLC lifted its stake in shares of Johnson Outdoors by 17.3% in the 1st 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 last quarter. Finally, Skylands Capital LLC lifted its stake in shares of Johnson Outdoors by 43.7% in the 2nd quarter. Skylands Capital LLC now owns 161,900 shares of the company's stock valued at $5,663,000 after acquiring an additional 49,200 shares during the last quarter. Institutional investors own 64.05% of the company's stock.

Johnson Outdoors Dividend Announcement

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