$98.21 Million in Sales Expected for Johnson Outdoors Inc. (JOUT) This Quarter
Wall Street analysts expect Johnson Outdoors Inc. (NASDAQ:JOUT) to announce $98.21 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Johnson Outdoors’ earnings, with the lowest sales estimate coming in at $97.22 million and the highest estimate coming in at $99.20 million. Johnson Outdoors posted sales of $93.73 million in the same quarter last year, which suggests a positive year-over-year growth rate of 4.8%. The firm is expected to issue its next earnings results on Friday, February 2nd.
On average, analysts expect that Johnson Outdoors will report full-year sales of $98.21 million for the current financial year, with estimates ranging from $501.50 million to $507.34 million. For the next year, analysts forecast that the business will report sales of $524.15 million per share. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Johnson Outdoors.
A number of brokerages have recently issued reports on JOUT. Zacks Investment Research raised shares of Johnson Outdoors from a “hold” rating to a “strong-buy” rating and set a $73.00 target price for the company in a research note on Tuesday, December 19th. Imperial Capital reaffirmed an “outperform” rating and issued a $70.00 price objective (up from $63.00) on shares of Johnson Outdoors in a research note on Friday, December 15th. Finally, ValuEngine lowered shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. Johnson Outdoors presently has an average rating of “Buy” and a consensus price target of $71.67.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Investors of record on Thursday, January 11th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Wednesday, January 10th. Johnson Outdoors’s dividend payout ratio (DPR) is presently 11.27%.
In related news, VP David W. Johnson sold 1,000 shares of the company’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $62.31, for a total value of $62,310.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard Case Sheahan sold 4,434 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was 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. 28.42% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in JOUT. Hillsdale Investment Management Inc. bought a new position in Johnson Outdoors in the second quarter worth about $1,007,000. Vanguard Group Inc. raised its holdings in Johnson Outdoors by 10.3% in the second quarter. Vanguard Group Inc. now owns 217,062 shares of the company’s stock worth $10,464,000 after purchasing an additional 20,232 shares in the last quarter. LSV Asset Management raised its holdings in Johnson Outdoors by 7.7% in the second quarter. LSV Asset Management now owns 262,083 shares of the company’s stock worth $12,635,000 after purchasing an additional 18,788 shares in the last quarter. Chicago Equity Partners LLC raised its holdings in Johnson Outdoors by 31.9% in the third quarter. Chicago Equity Partners LLC now owns 61,828 shares of the company’s stock worth $4,531,000 after purchasing an additional 14,960 shares in the last quarter. Finally, First Quadrant L P CA bought a new position in Johnson Outdoors in the third quarter worth about $1,077,000. Institutional investors and hedge funds own 61.31% of the company’s stock.
TRADEMARK VIOLATION WARNING: “$98.21 Million in Sales Expected for Johnson Outdoors Inc. (JOUT) This Quarter” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another website, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The legal version of this news story can be read at https://www.thecerbatgem.com/2018/01/10/98-21-million-in-sales-expected-for-johnson-outdoors-inc-jout-this-quarter.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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Stock 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 stocks with our FREE daily email newsletter.