Brokerages expect Nautilus, Inc. (NYSE:NLS) to announce sales of $111.75 million for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Nautilus’ earnings, with the lowest sales estimate coming in at $111.08 million and the highest estimate coming in at $112.20 million. Nautilus reported sales of $113.25 million in the same quarter last year, which indicates a negative year-over-year growth rate of 1.3%. The company is expected to issue its next quarterly earnings results on Monday, May 7th.
According to Zacks, analysts expect that Nautilus will report full-year sales of $111.75 million for the current financial year, with estimates ranging from $428.35 million to $430.73 million. For the next financial year, analysts anticipate that the company will post sales of $456.49 million per share, with estimates ranging from $448.13 million to $464.50 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that that provide coverage for Nautilus.
Nautilus (NYSE:NLS) last released its quarterly earnings results on Monday, March 5th. The specialty retailer reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.04). Nautilus had a net margin of 6.47% and a return on equity of 15.93%. The firm had revenue of $127.80 million for the quarter, compared to the consensus estimate of $128.64 million. During the same period in the previous year, the business earned $0.38 earnings per share. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis.
NLS has been the topic of several research reports. Zacks Investment Research raised shares of Nautilus from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. ValuEngine lowered shares of Nautilus from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. B. Riley lowered their price objective on shares of Nautilus from $19.75 to $16.75 and set a “buy” rating on the stock in a research report on Tuesday, March 6th. Lake Street Capital reaffirmed a “hold” rating and issued a $14.00 price objective (down previously from $15.00) on shares of Nautilus in a research report on Tuesday, March 6th. Finally, Imperial Capital reaffirmed an “in-line” rating and issued a $12.00 price objective (down previously from $14.00) on shares of Nautilus in a research report on Wednesday, March 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $16.68.
Shares of NLS stock opened at $13.70 on Friday. The stock has a market capitalization of $422.22, a price-to-earnings ratio of 15.57, a P/E/G ratio of 1.37 and a beta of 1.35. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.39 and a current ratio of 1.94. Nautilus has a 52 week low of $11.30 and a 52 week high of $19.80.
Nautilus announced that its Board of Directors has approved a stock repurchase program on Monday, March 5th that authorizes the company to repurchase $15.00 million in outstanding shares. This repurchase authorization authorizes the specialty retailer to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
In other news, CEO Bruce M. Cazenave sold 10,700 shares of Nautilus stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $11.99, for a total value of $128,293.00. Following the completion of the transaction, the chief executive officer now owns 372,876 shares in the company, valued at $4,470,783.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jeffery Lynn Collins sold 2,335 shares of Nautilus stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $13.00, for a total transaction of $30,355.00. Following the completion of the transaction, the vice president now owns 3,432 shares of the company’s stock, valued at approximately $44,616. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,085 shares of company stock worth $363,393. Insiders own 3.50% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan increased its stake in shares of Nautilus by 58.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 11,520 shares of the specialty retailer’s stock worth $195,000 after purchasing an additional 4,260 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Nautilus by 6.6% in the fourth quarter. Victory Capital Management Inc. now owns 87,157 shares of the specialty retailer’s stock worth $1,163,000 after purchasing an additional 5,381 shares in the last quarter. Kirr Marbach & Co. LLC IN increased its stake in shares of Nautilus by 22.0% in the fourth quarter. Kirr Marbach & Co. LLC IN now owns 30,950 shares of the specialty retailer’s stock worth $413,000 after purchasing an additional 5,585 shares in the last quarter. OxFORD Asset Management LLP increased its stake in shares of Nautilus by 6.9% in the third quarter. OxFORD Asset Management LLP now owns 101,260 shares of the specialty retailer’s stock worth $1,721,000 after purchasing an additional 6,504 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Nautilus by 54.5% in the third quarter. BNP Paribas Arbitrage SA now owns 19,390 shares of the specialty retailer’s stock worth $328,000 after purchasing an additional 6,837 shares in the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.
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Nautilus Company Profile
Nautilus, Inc, a consumer fitness products company, designs, develops, sources, and markets cardio and strength fitness products, and related accessories for consumer use in the United States, Canada, and internationally. The company operates in two segments, Direct and Retail. It offers specialized cardio products, treadmills, elliptical machine, bike products, strength products, home gyms, dumbbells, kettlebell weights, and weight benches primarily under the Nautilus, Bowflex, Octane Fitness, Schwinn, and Universal brands.
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