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

Johnson Outdoors Inc. (NASDAQ:JOUT) – Equities researchers at Imperial Capital dropped their FY2018 earnings per share (EPS) estimates for Johnson Outdoors in a research report issued to clients and investors on Wednesday. Imperial Capital analyst G. Kelly now forecasts that the company will post earnings per share of $3.19 for the year, down from their previous forecast of $3.41. Imperial Capital currently has a “Outperform” rating and a $75.00 target price 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.

JOUT has been the topic of several other research reports. Zacks Investment Research upgraded shares of Johnson Outdoors from a “hold” rating to a “strong-buy” rating and set a $73.00 price target on the stock in a research report on Tuesday, December 19th. Sidoti initiated coverage on shares of Johnson Outdoors in a research report on Friday, January 19th. They set a “neutral” rating on the stock. Finally, BidaskClub lowered shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Three investment 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 company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $73.33.

Shares of Johnson Outdoors (NASDAQ JOUT) opened at $65.38 on Friday. The stock has a market cap of $653.75, a P/E ratio of 20.69 and a beta of 0.57. Johnson Outdoors has a 52-week low of $31.46 and a 52-week high of $76.18.

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

The business also recently announced a quarterly dividend, which was paid on Thursday, January 25th. Shareholders of record on Thursday, January 11th were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, January 10th. This represents a $0.40 dividend on an annualized basis and a yield of 0.61%. Johnson Outdoors’s dividend payout ratio is currently 12.66%.

In other Johnson Outdoors news, VP David W. Johnson sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $62.31, for a total value of $62,310.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Richard Case Sheahan sold 4,434 shares of the firm’s stock in a transaction that occurred on 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. Company insiders own 18.50% of the company’s stock.

A number of institutional investors have recently modified their holdings of JOUT. Assenagon Asset Management S.A. acquired a new stake in Johnson Outdoors in the fourth quarter valued at approximately $3,042,000. Vanguard Group Inc. boosted its position in Johnson Outdoors by 10.3% in the second quarter. Vanguard Group Inc. now owns 217,062 shares of the company’s stock valued at $10,464,000 after buying an additional 20,232 shares in the last quarter. Alambic Investment Management L.P. boosted its position in Johnson Outdoors by 49.1% in the fourth quarter. Alambic Investment Management L.P. now owns 48,565 shares of the company’s stock valued at $3,015,000 after buying an additional 15,983 shares in the last quarter. Chicago Equity Partners LLC boosted its position in Johnson Outdoors by 31.9% in the third quarter. Chicago Equity Partners LLC now owns 61,828 shares of the company’s stock valued at $4,531,000 after buying an additional 14,960 shares in the last quarter. Finally, First Quadrant L P CA acquired a new stake in Johnson Outdoors in the third quarter valued at approximately $1,077,000. Hedge funds and other institutional investors own 61.66% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The original version of this piece of content can be accessed at https://sportsperspectives.com/2018/02/11/fy2018-earnings-forecast-for-johnson-outdoors-inc-jout-issued-by-imperial-capital.html.

Johnson Outdoors Company Profile

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.

Receive News & Ratings for Johnson Outdoors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Johnson Outdoors and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply