Johnson Outdoors stock shaping up to be a strong long-term play
Johnson Outdoors Inc. (NASDAQ:JOUT) is a global outdoor recreation company. The company designs, manufactures and markets outdoor recreational products such as watercraft, diving equipment, camping gear, and outdoor clothing. This morning, JOUT was last seen trading down 1% at $140.29.
On April 23, Johnson Outdoors announced that the company will be releasing its fiscal second-quarter earnings before the open on Friday, May 7. So far, JOUT has outperformed earnings expectations on three of its last four earnings reports. For the second quarter of 2020, Johnson Outdoors beat analyst estimates by a margin of $0.42 and reported earnings of $2.02 per share. For the third quarter of 2020, JOUT's earnings decreased to $1.27 per share and missed expectations by a margin of $0.55. For the final quarter of 2020, Johnson Outdoors had an increase in earnings, rising to $1.53 per share and beating estimates by a margin of $0.73. In the most recent quarterly report, Johnson Outdoors posted an EPS of $1.96 and beat expectations by a margin of $1.07. Analysts estimate an EPS of $2.44 for the company's upcoming report.
JOUT has more than doubled over the past 12 months and is up 136% from its 52-week low of $60.00. Additionally, shares of Johnson Outdoors stock have grown about 26% year-to-date but are down about 9% from their record high of $154.18. The company also offers a $0.84 forward dividend, which is equivalent to a dividend yield 0.58%.
In general, the only thing that could be considered a fundamental issue for JOUT would be its somewhat high price-earnings ratio of 20.88. However, Johnson Outdoors stock has a forward price-earnings ratio of 12.24, which would undoubtedly be a massive improvement.