Nautilus (NYSE:NLS) announced that its Board of Directors has authorized a stock buyback plan, which authorizes the company to repurchase $15.00 million in shares on Monday, March 5th, EventVestor reports. This repurchase authorization authorizes the specialty retailer to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
Nautilus (NYSE:NLS) opened at $13.00 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.94 and a quick ratio of 1.39. Nautilus has a 12 month low of $11.30 and a 12 month high of $19.80. The company has a market capitalization of $403.80, a PE ratio of 14.94, a PEG ratio of 1.31 and a beta of 1.61.
Nautilus (NYSE:NLS) last posted its quarterly earnings data on Monday, March 5th. The specialty retailer reported $0.27 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.04). The company had revenue of $127.80 million during the quarter, compared to the consensus estimate of $128.64 million. Nautilus had a return on equity of 15.93% and a net margin of 6.47%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the business earned $0.38 EPS. research analysts expect that Nautilus will post 1 EPS for the current fiscal year.
In other Nautilus news, CEO Bruce M. Cazenave sold 10,700 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $13.71, for a total transaction of $146,697.00. Following the completion of the transaction, the chief executive officer now owns 372,876 shares in the company, valued at approximately $5,112,129.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jeffery Lynn Collins sold 2,335 shares of the firm’s stock in a transaction that occurred 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 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. Insiders have sold a total of 34,435 shares of company stock worth $440,700 in the last three months. 3.70% of the stock is owned by corporate insiders.
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Nautilus, Inc is a consumer fitness products company. The Company operates through two segments: Direct and Retail. Its principal business activities include designing, developing, sourcing and marketing of cardio and strength fitness products and related accessories for consumer use, primarily in the United States and Canada, but also in international markets outside North America.
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