Nautilus, Inc. (NYSE:NLS) – Analysts at Imperial Capital cut their Q2 2018 earnings per share estimates for shares of Nautilus in a research note issued on Tuesday, May 15th. Imperial Capital analyst G. Kelly now anticipates that the specialty retailer will post earnings of $0.03 per share for the quarter, down from their prior estimate of $0.04. Imperial Capital currently has a “Outperform” rating and a $15.00 target price on the stock. Imperial Capital also issued estimates for Nautilus’ Q4 2018 earnings at $0.57 EPS, FY2018 earnings at $1.09 EPS and FY2019 earnings at $1.14 EPS.
Nautilus (NYSE:NLS) last posted its quarterly earnings data on Monday, May 7th. The specialty retailer reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.05. Nautilus had a return on equity of 15.45% and a net margin of 6.68%. The business had revenue of $114.80 million for the quarter, compared to analysts’ expectations of $111.77 million. During the same period in the previous year, the firm posted $0.26 EPS. The business’s revenue was up 1.3% on a year-over-year basis.
Shares of NLS opened at $15.70 on Wednesday. The company has a current ratio of 2.27, a quick ratio of 1.76 and a debt-to-equity ratio of 0.15. Nautilus has a 52 week low of $15.60 and a 52 week high of $15.85. The company has a market capitalization of $474.47 million, a PE ratio of 17.84 and a beta of 1.36.
A number of hedge funds have recently added to or reduced their stakes in NLS. Dimensional Fund Advisors LP lifted its position in Nautilus by 1.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,770,938 shares of the specialty retailer’s stock valued at $29,929,000 after acquiring an additional 30,758 shares in the last quarter. Skylands Capital LLC raised its stake in Nautilus by 227.2% during the 4th quarter. Skylands Capital LLC now owns 376,297 shares of the specialty retailer’s stock valued at $5,024,000 after buying an additional 261,297 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in Nautilus by 15.6% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 151,831 shares of the specialty retailer’s stock valued at $2,027,000 after buying an additional 20,517 shares during the last quarter. Kirr Marbach & Co. LLC IN raised its stake in Nautilus by 22.0% during the 4th quarter. Kirr Marbach & Co. LLC IN now owns 30,950 shares of the specialty retailer’s stock valued at $413,000 after buying an additional 5,585 shares during the last quarter. Finally, Rice Hall James & Associates LLC purchased a new stake in Nautilus during the 4th quarter valued at $1,461,000. 88.74% of the stock is currently owned by institutional investors and hedge funds.
In related news, VP Jeffery Lynn Collins sold 2,335 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $13.00, for a total value of $30,355.00. Following the transaction, the vice president now directly owns 3,432 shares of the company’s stock, valued at approximately $44,616. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Bruce M. Cazenave sold 5,350 shares of the company’s stock in a transaction that occurred 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 directly owns 381,396 shares in the company, valued at $4,946,706.12. The disclosure for this sale can be found here. Insiders sold a total of 31,252 shares of company stock worth $469,875 over the last ninety days. 3.70% of the stock is currently owned by insiders.
Nautilus announced that its Board of Directors has authorized a share repurchase plan 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 plans are often an indication that the company’s management believes its shares are undervalued.
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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