Johnson Outdoors (NASDAQ:JOUT) Releases Earnings Results, Misses Estimates By $0.06 EPS

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

Johnson Outdoors Price Performance

JOUT stock traded up $0.22 during midday trading on Tuesday, reaching $36.35. 48,913 shares of the company were exchanged, compared to its average volume of 55,389. Johnson Outdoors has a one year low of $32.79 and a one year high of $59.65. The firm has a market capitalization of $374.44 million, a price-to-earnings ratio of 77.34, a price-to-earnings-growth ratio of 3.99 and a beta of 0.74. The business has a 50-day moving average price of $36.26 and a two-hundred day moving average price of $40.71.

Johnson Outdoors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.63%. The ex-dividend date was Thursday, July 11th. Johnson Outdoors’s dividend payout ratio is 280.85%.

Analysts Set New Price Targets

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

Johnson Outdoors Company Profile

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.