Analysts Expect Johnson Outdoors Inc. (JOUT) to Post $0.04 EPS
Equities analysts expect Johnson Outdoors Inc. (NASDAQ:JOUT) to announce earnings of $0.04 per share for the current quarter, Zacks reports. Two analysts have made estimates for Johnson Outdoors’ earnings, with the highest EPS estimate coming in at $0.04 and the lowest estimate coming in at $0.03. Johnson Outdoors reported earnings per share of ($0.03) in the same quarter last year, which would suggest a positive year-over-year growth rate of 233.3%. The business is expected to issue its next quarterly earnings report on Friday, February 2nd.
On average, analysts expect that Johnson Outdoors will report full-year earnings of $3.27 per share for the current year, with EPS estimates ranging from $3.12 to $3.41. For the next year, analysts anticipate that the firm will post earnings of $3.63 per share. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Johnson Outdoors.
A number of research analysts have recently issued reports on JOUT shares. ValuEngine downgraded shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Zacks Investment Research downgraded shares of Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Imperial Capital reiterated an “outperform” rating and issued a $70.00 price objective (up from $63.00) on shares of Johnson Outdoors in a research report on Friday, December 15th. Finally, BidaskClub downgraded shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a research report on Thursday. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Johnson Outdoors has a consensus rating of “Buy” and a consensus target price of $71.67.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Thursday, January 11th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend is Wednesday, January 10th. Johnson Outdoors’s dividend payout ratio (DPR) is currently 11.27%.
In other news, VP David W. Johnson sold 1,000 shares of Johnson Outdoors stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $62.31, for a total value of $62,310.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard Case Sheahan sold 4,434 shares of Johnson Outdoors stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $61.65, for a total transaction of $273,356.10. The disclosure for this sale can be found here. Company insiders own 28.42% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. TIAA CREF Investment Management LLC boosted its holdings in shares of Johnson Outdoors by 1.5% during the second quarter. TIAA CREF Investment Management LLC now owns 13,269 shares of the company’s stock worth $640,000 after purchasing an additional 195 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Johnson Outdoors by 11.4% during the second quarter. The Manufacturers Life Insurance Company now owns 4,775 shares of the company’s stock worth $231,000 after purchasing an additional 488 shares during the period. Tredje AP fonden boosted its holdings in shares of Johnson Outdoors by 0.8% during the third quarter. Tredje AP fonden now owns 110,265 shares of the company’s stock worth $4,470,000 after purchasing an additional 827 shares during the period. State Street Corp boosted its holdings in shares of Johnson Outdoors by 1.1% during the second quarter. State Street Corp now owns 107,318 shares of the company’s stock worth $5,176,000 after purchasing an additional 1,163 shares during the period. Finally, New York State Common Retirement Fund boosted its holdings in shares of Johnson Outdoors by 30.4% during the second quarter. New York State Common Retirement Fund now owns 6,000 shares of the company’s stock worth $289,000 after purchasing an additional 1,399 shares during the period. Institutional investors and hedge funds own 61.31% of the company’s stock.
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Johnson Outdoors Company Profile
Johnson Outdoors Inc is a manufacturer and marketer of branded seasonal, outdoor recreation products. The Company operates through four segments: Marine Electronics, Outdoor Equipment, Watercraft and Diving. Its Marine Electronics segment’s brands are Minn Kota, Humminbird and Cannon. Its Outdoor Equipment segment’s brands are Eureka!, Jetboil and Silva.
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