Revenue Update on Johnson Outdoors(NASDAQ:JOUT)

Johnson Outdoors(NASDAQ:JOUT) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during Pre-Market on Feb 3, 2017. Company reported revenue of $93.729M. Analysts estimated a revenue of $83.670M. The revenues were 12.02% above the estimates. Earnings per share were $-0.01. The reported EPS was above estimates by 85.71%. Analysts had estimated an EPS of $-0.07.

Johnson Outdoors (JOUT) shares turned negative on Tuesdays trading session with the shares closing down -0.4 points or -1.23% at a volume of 68,163. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $32.56. The peak price level was also seen at $32.56 while the days lowest was $31.25. Finally the shares closed at $32.05. The 52-week high of the shares is $45.35 while the 52-week low is $19.5. According to the latest information available, the market cap of the company is $320 M.

Several Insider Transactions has been reported to the SEC. On Sep 8, 2016, David W Johnson (VP and Chief Financial Officer) sold 3,000 shares at $35.53 per share price.

Johnson Outdoors Inc is a manufacturer and marketer of branded seasonal outdoor recreation products used primarily for fishing from a boat diving paddling hiking and camping. The Company operates in four segments which include Marine Electronics Outdoor Equipment Watercraft and Diving. The Marine Electronic segment includes the brands Minn Kota Humminbird and Cannon. The Outdoor Equipment segment includes the brands Eureka! Jetboil Silva and Tech40. The Watercraft segment sells kayaks and canoes under the brand names Old Town Ocean Kayak Necky kayaks Carlisle paddles and Extrasport personal flotation devices. The diving segment sells underwater diving products under SCUBAPRO and SUBGEAR brand names.

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