Johnson Outdoors Inc. to Post Q1 2018 Earnings of $0.03 Per Share, Imperial Capital Forecasts (NASDAQ:JOUT)

Johnson Outdoors Inc. (NASDAQ:JOUT) – Imperial Capital issued their Q1 2018 earnings estimates for Johnson Outdoors in a research report issued on Friday, according to Zacks Investment Research. Imperial Capital analyst G. Kelly forecasts that the company will post earnings of $0.03 per share for the quarter. Imperial Capital has a “Outperform” rating and a $70.00 price objective on the stock. Imperial Capital also issued estimates for Johnson Outdoors’ Q2 2018 earnings at $1.48 EPS, Q4 2018 earnings at $0.06 EPS, FY2018 earnings at $3.41 EPS and FY2019 earnings at $3.63 EPS.

A number of other analysts have also recently weighed in on JOUT. BidaskClub cut shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a research note on Thursday. ValuEngine cut shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Zacks Investment Research lowered shares of Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $71.67.

Johnson Outdoors (NASDAQ:JOUT) traded up $1.40 during midday trading on Monday, reaching $62.96. 25,126 shares of the company’s stock were exchanged, compared to its average volume of 58,441. Johnson Outdoors has a 1 year low of $31.25 and a 1 year high of $76.18. The firm has a market capitalization of $615.95, a PE ratio of 17.74 and a beta of 0.67.

Several institutional investors and hedge funds have recently bought and sold shares of the company. TIAA CREF Investment Management LLC grew its holdings in shares of Johnson Outdoors by 1.5% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 13,269 shares of the company’s stock worth $640,000 after purchasing an additional 195 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Johnson Outdoors by 11.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,775 shares of the company’s stock worth $231,000 after purchasing an additional 488 shares during the last quarter. Credit Suisse AG grew its holdings in shares of Johnson Outdoors by 9.6% in the 1st quarter. Credit Suisse AG now owns 6,711 shares of the company’s stock worth $245,000 after purchasing an additional 586 shares during the last quarter. Tredje AP fonden grew its holdings in shares of Johnson Outdoors by 0.8% in the 3rd quarter. Tredje AP fonden now owns 110,265 shares of the company’s stock worth $4,470,000 after purchasing an additional 827 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Johnson Outdoors by 1.1% in the 2nd quarter. State Street Corp now owns 107,318 shares of the company’s stock worth $5,176,000 after purchasing an additional 1,163 shares during the last quarter. 61.31% of the stock is currently owned by institutional investors and hedge funds.

In other Johnson Outdoors news, Director Richard Case Sheahan sold 4,434 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $61.65, for a total value of $273,356.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP David W. Johnson sold 1,000 shares of the company’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $62.31, for a total transaction of $62,310.00. The disclosure for this sale can be found here. Insiders own 28.42% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 25th. Investors of record on Thursday, January 11th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date is Wednesday, January 10th. Johnson Outdoors’s dividend payout ratio (DPR) is currently 11.27%.

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About Johnson Outdoors

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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