Sidoti Csr Reduces Earnings Estimates for Johnson Outdoors

Johnson Outdoors Inc. (NASDAQ:JOUT) – Sidoti Csr dropped their FY2025 EPS estimates for Johnson Outdoors in a report released on Wednesday, October 30th. Sidoti Csr analyst A. Lebiedzinski now anticipates that the company will post earnings per share of $1.44 for the year, down from their prior forecast of $1.70. The consensus estimate for Johnson Outdoors’ current full-year earnings is $0.07 per share.

Johnson Outdoors (NASDAQ:JOUT) last released its earnings results on Monday, August 5th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the firm earned $1.44 EPS.

Separately, StockNews.com raised Johnson Outdoors from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th.

Johnson Outdoors Stock Performance

JOUT opened at $32.37 on Thursday. The firm’s fifty day moving average is $35.26 and its two-hundred day moving average is $36.56. The firm has a market cap of $333.44 million, a PE ratio of 68.87, a price-to-earnings-growth ratio of 1.40 and a beta of 0.70. Johnson Outdoors has a twelve month low of $32.01 and a twelve month high of $55.30.

Johnson Outdoors Announces Dividend

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

Institutional Trading of Johnson Outdoors

Several hedge funds have recently bought and sold shares of the stock. Prosperity Consulting Group LLC acquired a new position in shares of Johnson Outdoors in the first quarter valued at approximately $306,000. BNP Paribas Financial Markets increased its holdings in Johnson Outdoors by 47.9% during the 1st 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 in the last quarter. Empowered Funds LLC increased its holdings in Johnson Outdoors by 8.2% during the 1st 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. Isthmus Partners LLC raised its stake in shares of Johnson Outdoors by 83.5% in the 1st quarter. Isthmus Partners LLC now owns 50,173 shares of the company’s stock valued at $2,313,000 after purchasing an additional 22,833 shares during the period. Finally, ProShare Advisors LLC lifted its holdings in shares of 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 purchasing an additional 23,987 shares in the last quarter. 64.05% of the stock is currently owned by institutional investors and hedge funds.

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.