Johnson Outdoors Inc. (NASDAQ:JOUT) to Post FY2024 Earnings of $1.13 Per Share, Sidoti Csr Forecasts

Johnson Outdoors Inc. (NASDAQ:JOUT) – Sidoti Csr reduced their FY2024 earnings per share estimates for Johnson Outdoors in a research note issued on Monday, May 6th. Sidoti Csr analyst A. Lebiedzinski now expects that the company will post earnings of $1.13 per share for the year, down from their prior estimate of $1.72. The consensus estimate for Johnson Outdoors’ current full-year earnings is $1.72 per share. Sidoti Csr also issued estimates for Johnson Outdoors’ Q4 2024 earnings at ($0.03) EPS, Q2 2025 earnings at $0.89 EPS, Q4 2025 earnings at $0.32 EPS and FY2025 earnings at $2.84 EPS.

Johnson Outdoors Stock Performance

Johnson Outdoors stock opened at $38.01 on Thursday. Johnson Outdoors has a twelve month low of $37.21 and a twelve month high of $63.53. The firm has a market cap of $390.89 million, a PE ratio of 80.87, a P/E/G ratio of 1.57 and a beta of 0.75. The firm’s 50 day moving average price is $43.15 and its two-hundred day moving average price is $46.95.

Johnson Outdoors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Thursday, April 11th were issued a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, April 10th. This represents a $1.32 dividend on an annualized basis and a yield of 3.47%. Johnson Outdoors’s dividend payout ratio is currently 280.85%.

Hedge Funds Weigh In On Johnson Outdoors

Hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in shares of Johnson Outdoors during the 4th quarter valued at about $101,000. Strs Ohio bought a new stake in Johnson Outdoors during the third quarter worth approximately $114,000. BNP Paribas Financial Markets grew its holdings in Johnson Outdoors by 47.9% during the first quarter. BNP Paribas Financial Markets now owns 3,175 shares of the company’s stock valued at $146,000 after purchasing an additional 1,029 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Johnson Outdoors in the third quarter valued at approximately $239,000. Finally, Autumn Glory Partners LLC bought a new position in shares of Johnson Outdoors in the third quarter valued at approximately $255,000. 64.05% of the stock is owned by institutional investors and hedge funds.

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.