Johnson Outdoors (NASDAQ:JOUT) Posts Quarterly Earnings Results, Misses Expectations By $0.88 EPS

Johnson Outdoors (NASDAQ:JOUTGet Rating) announced its quarterly earnings results on Monday. The company reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.88), MarketWatch Earnings reports. Johnson Outdoors had a return on equity of 16.52% and a net margin of 10.06%.

NASDAQ:JOUT traded down $2.46 during trading hours on Tuesday, reaching $61.29. 527 shares of the company were exchanged, compared to its average volume of 37,389. The stock’s 50-day moving average is $79.09 and its 200-day moving average is $89.92. The firm has a market cap of $622.52 million, a PE ratio of 8.71 and a beta of 0.83. Johnson Outdoors has a twelve month low of $54.55 and a twelve month high of $141.54.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 28th. Shareholders of record on Thursday, April 14th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend was Wednesday, April 13th. Johnson Outdoors’s dividend payout ratio is presently 16.39%.

Separately, StockNews.com downgraded shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a report on Thursday, May 5th.

In other news, CFO David W. Johnson sold 1,000 shares of the stock in a transaction dated Monday, March 28th. The shares were sold at an average price of $80.08, for a total value of $80,080.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 27.69% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA raised its position in shares of Johnson Outdoors by 664.9% in the third quarter. BNP Paribas Arbitrage SA now owns 1,331 shares of the company’s stock valued at $141,000 after buying an additional 1,157 shares during the last quarter. Citigroup Inc. raised its position in shares of Johnson Outdoors by 88.2% in the fourth quarter. Citigroup Inc. now owns 1,605 shares of the company’s stock valued at $150,000 after buying an additional 752 shares during the last quarter. Alliancebernstein L.P. increased its position in Johnson Outdoors by 6.9% during the fourth quarter. Alliancebernstein L.P. now owns 3,100 shares of the company’s stock worth $290,000 after purchasing an additional 200 shares during the last quarter. D. E. Shaw & Co. Inc. increased its position in Johnson Outdoors by 4.0% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 6,873 shares of the company’s stock worth $644,000 after purchasing an additional 265 shares during the last quarter. Finally, Invesco Ltd. increased its position in Johnson Outdoors by 9.4% during the third quarter. Invesco Ltd. now owns 6,401 shares of the company’s stock worth $677,000 after purchasing an additional 549 shares during the last quarter. Institutional investors and hedge funds own 63.63% of the company’s stock.

Johnson Outdoors Company Profile (Get Rating)

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.

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Earnings History for Johnson Outdoors (NASDAQ:JOUT)

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