Johnson Outdoors (JOUT) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Johnson Outdoors (NASDAQ:JOUT) posted its quarterly earnings results on Friday. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.05, reports. Johnson Outdoors had a net margin of 6.85% and a return on equity of 12.90%.

Shares of Johnson Outdoors (NASDAQ:JOUT) traded up $2.65 during trading on Friday, reaching $72.81. 100,500 shares of the company’s stock were exchanged, compared to its average volume of 41,881. 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 $701.25, a price-to-earnings ratio of 25.06 and a beta of 0.67.

JOUT has been the topic of a number of research analyst reports. Forward View restated a “buy” rating and issued a $72.00 target price on shares of Johnson Outdoors in a research report on Sunday, September 3rd. ValuEngine upgraded shares of Johnson Outdoors from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. 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 investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $67.00.

In other news, Director Thomas F. Pyle, Jr. sold 1,000 shares of Johnson Outdoors stock in a transaction on Monday, September 11th. The shares were sold at an average price of $63.16, for a total transaction of $63,160.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold 3,950 shares of company stock worth $255,429 in the last 90 days. Company insiders own 28.03% of the company’s stock.

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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.

Earnings History for Johnson Outdoors (NASDAQ:JOUT)

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