Sidoti Csr Forecasts Reduced Earnings for Johnson Outdoors

Johnson Outdoors Inc. (NASDAQ:JOUT) – Investment analysts at Sidoti Csr dropped their FY2024 earnings per share (EPS) estimates for shares of Johnson Outdoors in a research note issued to investors on Monday, December 2nd. Sidoti Csr analyst A. Lebiedzinski now expects that the company will post earnings per share of ($0.35) for the year, down from their prior estimate of ($0.23). The consensus estimate for Johnson Outdoors’ current full-year earnings is ($0.23) per share.

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

Johnson Outdoors Price Performance

NASDAQ JOUT opened at $33.21 on Wednesday. The company has a market cap of $342.06 million, a P/E ratio of -41.00, a P/E/G ratio of 1.66 and a beta of 0.71. The stock has a 50-day moving average of $33.73 and a two-hundred day moving average of $35.34. Johnson Outdoors has a 1-year low of $31.60 and a 1-year high of $55.30.

Johnson Outdoors Dividend Announcement

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. This represents a $1.32 annualized dividend and a yield of 3.97%. The ex-dividend date was Wednesday, October 9th. Johnson Outdoors’s payout ratio is -162.96%.

Institutional Investors Weigh In On Johnson Outdoors

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Johnson Outdoors by 13.9% in the first quarter. Vanguard Group Inc. now owns 346,115 shares of the company’s stock valued at $15,959,000 after buying an additional 42,314 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Johnson Outdoors in the third quarter valued at approximately $1,020,000. Empowered Funds LLC lifted its stake in Johnson Outdoors by 5.4% in the third quarter. Empowered Funds LLC now owns 18,411 shares of the company’s stock valued at $666,000 after buying an additional 938 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Johnson Outdoors by 33.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 75,530 shares of the company’s stock valued at $2,734,000 after buying an additional 19,013 shares during the last quarter. Finally, Rice Hall James & Associates LLC lifted its stake in Johnson Outdoors by 71.5% in the third quarter. Rice Hall James & Associates LLC now owns 72,211 shares of the company’s stock valued at $2,614,000 after buying an additional 30,100 shares during the last quarter. Hedge funds and other institutional investors own 64.05% of the company’s stock.

Johnson Outdoors Company Profile

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.