FY2018 Earnings Forecast for Johnson Outdoors Inc. Issued By Imperial Capital (JOUT)

Johnson Outdoors Inc. (NASDAQ:JOUT) – Stock analysts at Imperial Capital dropped their FY2018 earnings per share estimates for shares of Johnson Outdoors in a research note issued on Wednesday. Imperial Capital analyst G. Kelly now forecasts that the company will post earnings of $3.19 per share for the year, down from their previous estimate of $3.41. Imperial Capital has a “Outperform” rating and a $75.00 price objective on the stock. Imperial Capital also issued estimates for Johnson Outdoors’ Q4 2018 earnings at ($0.11) EPS and FY2019 earnings at $4.04 EPS.

Johnson Outdoors (NASDAQ:JOUT) last released its earnings results on Friday, December 8th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.04. Johnson Outdoors had a net margin of 6.10% and a return on equity of 15.95%. The firm had revenue of $91.76 million during the quarter, compared to analyst estimates of $81.97 million.

A number of other equities research analysts also recently issued reports on JOUT. BidaskClub downgraded shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Sidoti initiated coverage on shares of Johnson Outdoors in a research note on Friday, January 19th. They set a “neutral” rating on the stock. Finally, Zacks Investment Research upgraded shares of Johnson Outdoors from a “hold” rating to a “strong-buy” rating and set a $73.00 target price on the stock in a research note on Tuesday, December 19th. Three 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 an average price target of $73.33.

Johnson Outdoors (NASDAQ JOUT) traded down $0.51 during mid-day trading on Friday, hitting $64.65. 21,823 shares of the stock traded hands, compared to its average volume of 44,632. Johnson Outdoors has a 1 year low of $31.46 and a 1 year high of $76.18. The stock has a market capitalization of $672.17, a price-to-earnings ratio of 20.88 and a beta of 0.56.

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 25th. Stockholders of record on Thursday, January 11th were issued a $0.10 dividend. The ex-dividend date was Wednesday, January 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.62%. Johnson Outdoors’s dividend payout ratio (DPR) is presently 12.82%.

In related news, VP David W. Johnson sold 1,000 shares of the company’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $62.31, for a total transaction of $62,310.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard Case Sheahan sold 4,434 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were 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. Insiders own 18.50% of the company’s stock.

Large investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC purchased a new position in shares of Johnson Outdoors in the third quarter worth $325,000. Cornerstone Capital Management Holdings LLC. raised its stake in Johnson Outdoors by 6.7% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 49,421 shares of the company’s stock worth $3,620,000 after purchasing an additional 3,100 shares during the period. Schwab Charles Investment Management Inc. raised its stake in Johnson Outdoors by 142.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 20,614 shares of the company’s stock worth $1,511,000 after purchasing an additional 12,114 shares during the period. First Quadrant L P CA raised its stake in Johnson Outdoors by 41.4% during the fourth quarter. First Quadrant L P CA now owns 20,776 shares of the company’s stock worth $1,290,000 after purchasing an additional 6,079 shares during the period. Finally, Northern Trust Corp raised its stake in Johnson Outdoors by 5.9% during the second quarter. Northern Trust Corp now owns 77,877 shares of the company’s stock worth $3,754,000 after purchasing an additional 4,339 shares during the period. Institutional investors own 61.66% of the company’s stock.

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About Johnson Outdoors

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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