Johnson Outdoors (JOUT) Releases Earnings Results, Beats Estimates By $0.63 EPS
Johnson Outdoors (NASDAQ:JOUT) issued its quarterly earnings results on Friday. The company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.63, Morningstar.com reports. Johnson Outdoors had a return on equity of 13.59% and a net margin of 7.17%. The business had revenue of $116.58 million for the quarter, compared to the consensus estimate of $97.22 million.
Shares of Johnson Outdoors (JOUT) traded up $13.46 during midday trading on Friday, reaching $74.48. The company’s stock had a trading volume of 132,314 shares, compared to its average volume of 30,957. Johnson Outdoors has a 1 year low of $31.25 and a 1 year high of $76.18. The stock has a market capitalization of $610.08, a P/E ratio of 21.28 and a beta of 0.56.
The company also recently announced a quarterly dividend, which was paid on Thursday, January 25th. Shareholders of record on Thursday, January 11th were paid a $0.10 dividend. The ex-dividend date was Wednesday, January 10th. This represents a $0.40 dividend on an annualized basis and a yield of 0.54%. Johnson Outdoors’s dividend payout ratio (DPR) is currently 11.43%.
In other Johnson Outdoors news, Director Richard Case Sheahan sold 4,434 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $61.65, for a total value of $273,356.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP David W. Johnson sold 1,000 shares of the business’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 disclosure for this sale can be found here. Insiders own 18.50% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Dynamic Technology Lab Private Ltd purchased a new position in Johnson Outdoors in the third quarter valued at about $206,000. Cypress Capital Management LLC WY bought a new stake in shares of Johnson Outdoors during the 3rd quarter worth about $254,000. Nordea Investment Management AB bought a new stake in shares of Johnson Outdoors during the 2nd quarter worth about $174,000. Citadel Advisors LLC bought a new stake in shares of Johnson Outdoors during the 3rd quarter worth about $317,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Johnson Outdoors during the 3rd quarter worth about $325,000. Hedge funds and other institutional investors own 61.15% of the company’s stock.
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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.
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