Analysts expect that Nautilus, Inc. (NYSE:NLS) will report $0.20 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Nautilus’ earnings. The highest EPS estimate is $0.22 and the lowest is $0.16. Nautilus posted earnings per share of $0.26 during the same quarter last year, which indicates a negative year over year growth rate of 23.1%. The company is scheduled to issue its next earnings results on Monday, May 7th.
According to Zacks, analysts expect that Nautilus will report full-year earnings of $1.00 per share for the current fiscal year, with EPS estimates ranging from $0.83 to $1.10. For the next financial year, analysts anticipate that the business will report earnings of $1.14 per share, with EPS estimates ranging from $1.08 to $1.20. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Nautilus.
Nautilus (NYSE:NLS) last posted its quarterly earnings results on Monday, March 5th. The specialty retailer reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.04). Nautilus had a net margin of 6.47% and a return on equity of 15.93%. The company had revenue of $127.80 million for the quarter, compared to analyst estimates of $128.64 million. During the same quarter in the previous year, the business posted $0.38 earnings per share. Nautilus’s revenue was up 1.6% on a year-over-year basis.
Several research analysts recently issued reports on the company. Zacks Investment Research downgraded Nautilus from a “buy” rating to a “hold” rating in a research report on Wednesday, January 17th. B. Riley cut their price objective on Nautilus from $19.75 to $16.75 and set a “buy” rating for the company in a research report on Tuesday, March 6th. ValuEngine downgraded Nautilus from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Lake Street Capital restated a “hold” rating and set a $14.00 price objective (down from $15.00) on shares of Nautilus in a research report on Tuesday, March 6th. Finally, Imperial Capital restated an “in-line” rating and set a $12.00 price objective (down 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 given a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $16.68.
NLS stock opened at $13.75 on Thursday. Nautilus has a 12-month low of $11.30 and a 12-month high of $19.80. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.94 and a quick ratio of 1.39. The company has a market cap of $422.22, a PE ratio of 15.63, a P/E/G ratio of 1.37 and a beta of 1.36.
Nautilus declared that its Board of Directors has initiated a stock buyback program on Monday, March 5th that authorizes the company to buyback $15.00 million in shares. This buyback authorization authorizes the specialty retailer to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
In related news, CEO Bruce M. Cazenave sold 10,700 shares of Nautilus stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $11.99, for a total transaction of $128,293.00. Following the completion of the transaction, the chief executive officer now directly owns 372,876 shares in the company, valued at approximately $4,470,783.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Bruce M. Cazenave sold 5,350 shares of the business’s stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $12.97, for a total value of $69,389.50. Following the completion of the transaction, the chief executive officer now owns 381,396 shares of the company’s stock, valued at $4,946,706.12. The disclosure for this sale can be found here. Insiders have sold a total of 29,085 shares of company stock valued at $363,393 over the last 90 days. Insiders own 3.70% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC acquired a new position in Nautilus in the 3rd quarter valued at $134,000. Engine Capital Management LLC acquired a new position in Nautilus in the 4th quarter valued at $134,000. Jane Street Group LLC acquired a new position in Nautilus in the 3rd quarter valued at $173,000. Teacher Retirement System of Texas acquired a new position in Nautilus in the 4th quarter valued at $142,000. Finally, Municipal Employees Retirement System of Michigan raised its holdings in Nautilus by 58.7% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 11,520 shares of the specialty retailer’s stock valued at $195,000 after acquiring an additional 4,260 shares during the last quarter. Institutional investors own 88.95% of the company’s stock.
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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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