Zacks: Brokerages Expect Johnson Outdoors Inc. (NASDAQ:JOUT) Will Post Quarterly Sales of $149.29 Million

Equities research analysts expect that Johnson Outdoors Inc. (NASDAQ:JOUT) will post $149.29 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Johnson Outdoors’ earnings, with the highest sales estimate coming in at $149.60 million and the lowest estimate coming in at $148.98 million. Johnson Outdoors posted sales of $139.30 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.2%. The company is expected to announce its next earnings results on Monday, August 14th.

According to Zacks, analysts expect that Johnson Outdoors will report full year sales of $149.29 million for the current financial year, with estimates ranging from $471.00 million to $474.37 million. For the next year, analysts expect that the business will report sales of $493.09 million per share, with estimates ranging from $490.78 million to $495.40 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Johnson Outdoors.

Johnson Outdoors (NASDAQ:JOUT) last released its quarterly earnings data on Friday, May 5th. The company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.46. Johnson Outdoors had a net margin of 4.97% and a return on equity of 8.73%. The company had revenue of $149.81 million during the quarter, compared to analyst estimates of $140.11 million.

Several equities analysts recently weighed in on the stock. BidaskClub lowered shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Zacks Investment Research lowered shares of Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Forward View raised shares of Johnson Outdoors from a “sell” rating to a “hold” rating in a research report on Tuesday, May 9th. ValuEngine raised shares of Johnson Outdoors from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Imperial Capital raised their price objective on shares of Johnson Outdoors from $44.00 to $49.00 and gave the company an “outperform” rating in a research report on Tuesday, May 9th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $44.00.

Johnson Outdoors (NASDAQ:JOUT) traded up 0.32% during midday trading on Friday, hitting $50.52. 34,840 shares of the stock traded hands. The company has a 50-day moving average price of $47.58 and a 200-day moving average price of $39.80. The firm has a market cap of $496.11 million, a P/E ratio of 22.30 and a beta of 0.76. Johnson Outdoors has a 1-year low of $27.97 and a 1-year high of $51.46.

The company also recently declared a quarterly dividend, which was paid on Thursday, July 27th. Stockholders of record on Thursday, July 13th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Tuesday, July 11th. Johnson Outdoors’s dividend payout ratio is 15.93%.

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Several institutional investors have recently added to or reduced their stakes in JOUT. Thomson Horstmann & Bryant Inc. raised its position in Johnson Outdoors by 82.3% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 285,360 shares of the company’s stock worth $10,415,000 after buying an additional 128,834 shares in the last quarter. Renaissance Technologies LLC raised its position in Johnson Outdoors by 5.0% in the first quarter. Renaissance Technologies LLC now owns 280,700 shares of the company’s stock worth $10,246,000 after buying an additional 13,300 shares in the last quarter. LSV Asset Management raised its position in Johnson Outdoors by 31.9% in the first quarter. LSV Asset Management now owns 243,295 shares of the company’s stock worth $8,880,000 after buying an additional 58,788 shares in the last quarter. Vanguard Group Inc. raised its position in Johnson Outdoors by 14.0% in the first quarter. Vanguard Group Inc. now owns 196,830 shares of the company’s stock worth $7,184,000 after buying an additional 24,147 shares in the last quarter. Finally, FMR LLC raised its position in Johnson Outdoors by 52.8% in the first quarter. FMR LLC now owns 138,613 shares of the company’s stock worth $5,059,000 after buying an additional 47,913 shares in the last quarter. 60.17% of the stock is currently owned by institutional investors.

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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