Brokerages Expect Johnson Outdoors Inc. (JOUT) Will Announce Quarterly Sales of $81.97 Million
Wall Street analysts forecast that Johnson Outdoors Inc. (NASDAQ:JOUT) will announce sales of $81.97 million for the current quarter, according to Zacks. Two analysts have made estimates for Johnson Outdoors’ earnings, with the highest sales estimate coming in at $86.05 million and the lowest estimate coming in at $77.90 million. Johnson Outdoors reported sales of $74.94 million during the same quarter last year, which would suggest a positive year over year growth rate of 9.4%. The company is scheduled to announce its next earnings results on Monday, December 11th.
According to Zacks, analysts expect that Johnson Outdoors will report full-year sales of $81.97 million for the current financial year, with estimates ranging from $476.70 million to $484.86 million. For the next year, analysts expect that the firm will report sales of $501.12 million per share, with estimates ranging from $500.75 million to $501.50 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Johnson Outdoors.
Johnson Outdoors (NASDAQ:JOUT) last released its quarterly earnings data on Friday, August 4th. The company reported $1.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.63. Johnson Outdoors had a return on equity of 12.90% and a net margin of 6.85%. The business had revenue of $155.27 million for the quarter, compared to analyst estimates of $149.29 million.
JOUT has been the topic of a number of analyst reports. Forward View restated a “buy” rating and issued a $72.00 price target on shares of Johnson Outdoors in a research note on Sunday, September 3rd. Zacks Investment Research downgraded Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 12th. BidaskClub downgraded Johnson Outdoors from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. ValuEngine upgraded Johnson Outdoors from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Imperial Capital lifted their price target on Johnson Outdoors from $49.00 to $63.00 and gave the company an “outperform” rating in a research note on Monday, August 7th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $67.00.
In other Johnson Outdoors news, Director Terry E. London sold 1,127 shares of the business’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $59.81, for a total transaction of $67,405.87. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas F. Pyle, Jr. sold 1,000 shares of the business’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $63.16, for a total value of $63,160.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,077 shares of company stock worth $322,834. Company insiders own 28.42% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. TIAA CREF Investment Management LLC boosted its position in 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 in the last quarter. American International Group Inc. lifted its position in shares of Johnson Outdoors by 7.2% in the first quarter. American International Group Inc. now owns 3,020 shares of the company’s stock valued at $110,000 after acquiring an additional 202 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Johnson Outdoors by 2.9% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 12,593 shares of the company’s stock valued at $460,000 after acquiring an additional 360 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Johnson Outdoors by 11.4% in the second quarter. The Manufacturers Life Insurance Company now owns 4,775 shares of the company’s stock valued at $231,000 after acquiring an additional 488 shares in the last quarter. Finally, Credit Suisse AG lifted its position in shares of Johnson Outdoors by 9.6% in the first quarter. Credit Suisse AG now owns 6,711 shares of the company’s stock valued at $245,000 after acquiring an additional 586 shares in the last quarter. Institutional investors own 59.48% of the company’s stock.
Shares of Johnson Outdoors (NASDAQ JOUT) traded up 1.622% on Tuesday, hitting $73.595. The stock had a trading volume of 17,221 shares. The stock has a market cap of $723.59 million, a P/E ratio of 22.729 and a beta of 0.75. Johnson Outdoors has a 12 month low of $31.25 and a 12 month high of $76.18. The firm has a 50 day moving average of $66.40 and a 200 day moving average of $50.38.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 13th will be paid a $0.10 dividend. The ex-dividend date is Thursday, October 12th. This is an increase from Johnson Outdoors’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.55%. Johnson Outdoors’s payout ratio is 11.15%.
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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