Nautilus (NYSE:NLS) Announces Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Nautilus (NYSE:NLS) posted its quarterly earnings data on Monday, March 5th. The specialty retailer reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.04), Bloomberg Earnings reports. Nautilus had a return on equity of 15.93% and a net margin of 6.47%. The company had revenue of $127.80 million for the quarter, compared to analysts’ expectations of $128.64 million. During the same period in the previous year, the business posted $0.38 EPS. The business’s revenue for the quarter was up 1.6% on a year-over-year basis.

Shares of NYSE:NLS traded up $0.30 during midday trading on Thursday, reaching $13.45. The stock had a trading volume of 327,246 shares, compared to its average volume of 390,810. Nautilus has a 1-year low of $11.30 and a 1-year high of $19.80. The firm has a market capitalization of $396.12, a price-to-earnings ratio of 15.82, a PEG ratio of 1.28 and a beta of 1.61. The company has a current ratio of 1.94, a quick ratio of 1.39 and a debt-to-equity ratio of 0.18.

Several equities analysts have commented on NLS shares. Zacks Investment Research raised shares of Nautilus from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. ValuEngine cut shares of Nautilus from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. B. Riley decreased their price target on shares of Nautilus from $19.75 to $16.75 and set a “buy” rating for the company in a research report on Tuesday, March 6th. Lake Street Capital reissued a “hold” rating and issued a $14.00 price target (down previously from $15.00) on shares of Nautilus in a research report on Tuesday, March 6th. Finally, Imperial Capital reissued an “in-line” rating and issued a $12.00 price target (down previously from $14.00) on shares of Nautilus in a research report on Wednesday, March 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Nautilus currently has a consensus rating of “Hold” and an average price target of $16.68.

In other news, VP Jeffery Lynn Collins sold 2,335 shares of the firm’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $13.00, for a total value of $30,355.00. Following the sale, the vice president now directly owns 3,432 shares in the company, valued at approximately $44,616. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Bruce M. Cazenave sold 10,700 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $11.99, for a total transaction of $128,293.00. Following the completion of the sale, the chief executive officer now owns 372,876 shares in the company, valued at $4,470,783.24. The disclosure for this sale can be found here. Insiders sold a total of 29,085 shares of company stock worth $363,393 over the last 90 days. Company insiders own 3.70% of the company’s stock.

Nautilus announced that its Board of Directors has authorized a share buyback plan on Monday, March 5th that permits the company to repurchase $15.00 million in outstanding shares. This repurchase authorization permits the specialty retailer to repurchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

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About Nautilus

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.

Earnings History for Nautilus (NYSE:NLS)

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