Johnson Outdoors (JOUT) Set to Announce Earnings on Friday

Posted by Defense World Staff on Apr 28th, 2023

Johnson Outdoors (NASDAQ:JOUT – Get Rating) is scheduled to be posting its quarterly earnings results before the market opens on Friday, May 5th. Analysts expect Johnson Outdoors to post earnings of $0.84 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Johnson Outdoors (NASDAQ:JOUT – Get Rating) last issued its quarterly earnings results on Friday, February 3rd. The company reported $0.57 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.57. Johnson Outdoors had a net margin of 5.14% and a return on equity of 8.14%. The business had revenue of $178.34 million for the quarter, compared to the consensus estimate of $167.55 million. During the same quarter in the prior year, the company earned $1.07 EPS. On average, analysts expect Johnson Outdoors to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Johnson Outdoors Trading Up 1.2 %

Johnson Outdoors stock opened at $57.57 on Friday. Johnson Outdoors has a 1 year low of $46.30 and a 1 year high of $79.16. The company has a market cap of $589.52 million, a PE ratio of 14.88, a PEG ratio of 0.97 and a beta of 0.87. The company’s 50-day moving average is $61.23 and its two-hundred day moving average is $60.77.

Johnson Outdoors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 27th. Shareholders of record on Thursday, April 13th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Wednesday, April 12th. This represents a $1.24 dividend on an annualized basis and a yield of 2.15%. Johnson Outdoors’s payout ratio is presently 32.04%.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Johnson Outdoors in a research report on Thursday, March 16th. They set a “hold” rating on the stock.

Insider Buying and Selling at Johnson Outdoors

In related news, Director John M. Fahey, Jr. sold 4,239 shares of the stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $63.94, for a total value of $271,041.66. Following the sale, the director now directly owns 14,921 shares in the company, valued at approximately $954,048.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 27.53% of the company’s stock.

Institutional Trading of Johnson Outdoors

Large investors have recently bought and sold shares of the business. Quantbot Technologies LP bought a new position in shares of Johnson Outdoors during the 1st quarter worth approximately $46,000. Tower Research Capital LLC TRC grew its stake in shares of Johnson Outdoors by 36.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,628 shares of the company’s stock worth $83,000 after acquiring an additional 438 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Johnson Outdoors by 16.6% during the 4th quarter. Legal & General Group Plc now owns 2,123 shares of the company’s stock worth $140,000 after acquiring an additional 303 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Johnson Outdoors by 17.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,749 shares of the company’s stock worth $168,000 after acquiring an additional 415 shares in the last quarter. Finally, CI Private Wealth LLC bought a new position in shares of Johnson Outdoors during the 4th quarter worth approximately $202,000. 60.15% of the stock is owned by institutional investors.

Johnson Outdoors Company Profile

(Get Rating)

Johnson Outdoors, Inc engages in the manufacturing and marketing of seasonal, outdoor recreation products. It operates through the following segments: Fishing, Camping, Watercraft Recreation, Diving, and Other. The Fishing segment includes the brands Minn Kota electric motors for quiet trolling or primary propulsion, marine battery chargers, and shallow water anchors, Humminbird sonar and GPS equipment for fishfinding, navigation and marine cartography, and Cannon downriggers for controlled-depth fishing.