Zacks: Analysts Expect Nautilus, Inc. (NLS) Will Post Quarterly Sales of $92.69 Million

Wall Street brokerages expect Nautilus, Inc. (NYSE:NLS) to post $92.69 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Nautilus’ earnings, with estimates ranging from $88.91 million to $99.45 million. Nautilus posted sales of $114.81 million in the same quarter last year, which would indicate a negative year over year growth rate of 19.3%. The company is expected to report its next earnings report on Monday, May 6th.

According to Zacks, analysts expect that Nautilus will report full year sales of $370.95 million for the current year, with estimates ranging from $357.82 million to $394.78 million. For the next financial year, analysts expect that the firm will report sales of $379.50 million, with estimates ranging from $355.56 million to $418.74 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Nautilus.

Nautilus (NYSE:NLS) last posted its quarterly earnings data on Monday, February 25th. The specialty retailer reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01. The company had revenue of $115.40 million during the quarter, compared to analysts’ expectations of $114.71 million. Nautilus had a return on equity of 8.15% and a net margin of 3.69%. Nautilus’s revenue for the quarter was down 9.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 earnings per share.

Several research analysts recently commented on the company. Zacks Investment Research cut Nautilus from a “hold” rating to a “sell” rating in a research report on Tuesday, February 12th. ValuEngine raised Nautilus from a “strong sell” rating to a “sell” rating in a research report on Monday, April 1st. Imperial Capital reduced their price target on Nautilus from $7.00 to $6.00 and set an “in-line” rating for the company in a research report on Tuesday, February 26th. Lake Street Capital reduced their price target on Nautilus to $8.00 and set a “hold” rating for the company in a research report on Tuesday, February 26th. Finally, Sidoti cut Nautilus from a “buy” rating to a “neutral” rating and reduced their price target for the company from $19.00 to $9.00 in a research report on Friday, January 18th. Two research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $9.88.

NLS stock opened at $5.64 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.67 and a debt-to-equity ratio of 0.09. The stock has a market cap of $166.00 million, a PE ratio of 11.28, a PEG ratio of 1.84 and a beta of 0.76. Nautilus has a fifty-two week low of $5.31 and a fifty-two week high of $17.20.

A number of hedge funds and other institutional investors have recently modified their holdings of NLS. Bank of New York Mellon Corp boosted its position in Nautilus by 1.2% during the third quarter. Bank of New York Mellon Corp now owns 461,535 shares of the specialty retailer’s stock valued at $6,438,000 after purchasing an additional 5,271 shares during the last quarter. BlackRock Inc. boosted its position in Nautilus by 3.1% during the third quarter. BlackRock Inc. now owns 4,386,480 shares of the specialty retailer’s stock valued at $61,192,000 after purchasing an additional 131,810 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Nautilus by 1.5% in the third quarter. Dimensional Fund Advisors LP now owns 2,085,343 shares of the specialty retailer’s stock valued at $29,091,000 after buying an additional 31,023 shares during the period. The Manufacturers Life Insurance Company raised its stake in Nautilus by 7.4% in the third quarter. The Manufacturers Life Insurance Company now owns 582,995 shares of the specialty retailer’s stock valued at $8,133,000 after buying an additional 40,364 shares during the period. Finally, Putnam Investments LLC bought a new stake in Nautilus in the third quarter valued at approximately $2,236,000. 97.06% of the stock is owned by hedge funds and other institutional investors.

About Nautilus

Nautilus, Inc, a consumer fitness products company, designs, develops, sources, and markets cardio and strength fitness products, and related accessories for consumer and commercial use in the United States, Canada, and internationally. The company operates in two segments, Direct and Retail. It offers specialized cardio products, treadmills, ellipticals, bike products, strength products, home gyms, dumbbells, and weight benches primarily under the Nautilus, Bowflex, Octane Fitness, Schwinn, and Universal brands.

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