Johnson Outdoors (NASDAQ:JOUT) Announces Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Posted by Matthew Steigler on Aug 7th, 2024

Johnson Outdoors (NASDAQ:JOUT – Get Free Report) posted its quarterly earnings data on Monday. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.06), Zacks reports. The firm had revenue of $172.47 million during the quarter, compared to analyst estimates of $176.14 million. Johnson Outdoors had a return on equity of 0.97% and a net margin of 0.82%. During the same quarter in the previous year, the firm posted $1.44 earnings per share.

Johnson Outdoors Stock Performance

Johnson Outdoors stock traded down $0.25 during trading on Wednesday, reaching $36.10. 14,613 shares of the company’s stock were exchanged, compared to its average volume of 55,119. Johnson Outdoors has a 52-week low of $32.79 and a 52-week high of $59.65. The firm has a market cap of $371.87 million, a price-to-earnings ratio of 77.34, a PEG ratio of 3.99 and a beta of 0.74. The company’s 50-day moving average is $36.26 and its two-hundred day moving average is $40.71.

Johnson Outdoors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, July 11th. This represents a $1.32 annualized dividend and a dividend yield of 3.66%. Johnson Outdoors’s dividend payout ratio is presently 280.85%.

Analysts Set New Price Targets

Separately, StockNews.com lowered Johnson Outdoors from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st.

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About Johnson Outdoors

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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.