Johnson Outdoors (NASDAQ: JOUT) stock soared more than 15% in morning trading on Friday after the outdoor recreation equipment company posted strong fiscal Q4 results.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
JOUT posted net sales of $196.4 million in Q4, up 18% year-over-year. Earnings came in at $0.95 per share in Q4 versus $0.68 in the same period last year.
This EPS was more than double the Street estimates of $0.37 per share.
Moreover, JOUT also announced a quarterly cash dividend of $0.31 per Class A share and $0.2818 for each Class B share. The cash dividend is payable on January 26, 2023, to shareholders of record at the close of business on January 12.
JOUT stock has declined by more than 40% in the past year.