Johnson Outdoors (NASDAQ:JOUT) Posts Earnings Results, Beats Estimates By $0.60 EPS

Johnson Outdoors (NASDAQ:JOUT) announced its earnings results on Friday. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.60, Bloomberg Earnings reports. Johnson Outdoors had a net margin of 7.74% and a return on equity of 14.40%. The company had revenue of $104.02 million during the quarter, compared to analyst estimates of $93.92 million.

Shares of JOUT opened at $78.17 on Friday. The business has a 50-day simple moving average of $62.50 and a two-hundred day simple moving average of $65.69. Johnson Outdoors has a 52 week low of $54.12 and a 52 week high of $91.90. The stock has a market cap of $659.32 million, a price-to-earnings ratio of 15.51 and a beta of 0.94.

Several research firms have weighed in on JOUT. BidaskClub upgraded shares of Johnson Outdoors from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Zacks Investment Research raised shares of Johnson Outdoors from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 9th. Finally, ValuEngine upgraded Johnson Outdoors from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $79.00.

About Johnson Outdoors

Johnson Outdoors Inc designs, manufactures, and markets camping, diving, watercraft, and marine electronics products worldwide. The company's Fishing segment offers electric motors for trolling or primary propulsion, 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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