Zacks: Brokerages Expect Nautilus, Inc. (NLS) Will Post Quarterly Sales of $151.39 Million

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Analysts expect Nautilus, Inc. (NYSE:NLS) to announce $151.39 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Nautilus’ earnings. The highest sales estimate is $152.77 million and the lowest is $150.10 million. Nautilus posted sales of $127.77 million during the same quarter last year, which suggests a positive year over year growth rate of 18.5%. The company is scheduled to issue its next earnings results on Monday, March 4th.

According to Zacks, analysts expect that Nautilus will report full-year sales of $432.72 million for the current year, with estimates ranging from $431.40 million to $434.13 million. For the next year, analysts expect that the business will post sales of $457.29 million, with estimates ranging from $447.52 million to $464.84 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Nautilus.

Nautilus (NYSE:NLS) last announced its quarterly earnings data on Monday, October 29th. The specialty retailer reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.02). The company had revenue of $91.10 million during the quarter, compared to analyst estimates of $94.12 million. Nautilus had a net margin of 5.31% and a return on equity of 11.91%. Nautilus’s revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.27 earnings per share.

NLS has been the subject of several analyst reports. Lake Street Capital raised Nautilus from a “hold” rating to a “buy” rating and lifted their price objective for the company from $16.00 to $17.00 in a report on Tuesday, July 31st. Zacks Investment Research cut Nautilus from a “hold” rating to a “sell” rating in a report on Wednesday, July 18th. Imperial Capital dropped their price objective on Nautilus to $12.00 and set an “in-line” rating for the company in a report on Tuesday, October 30th. B. Riley lifted their price objective on Nautilus from $19.50 to $21.00 and gave the company a “buy” rating in a report on Friday, August 24th. Finally, TheStreet cut Nautilus from a “b-” rating to a “c+” rating in a report on Thursday, July 19th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $16.50.

NYSE NLS traded up $0.07 during midday trading on Wednesday, hitting $12.85. The company had a trading volume of 173,308 shares, compared to its average volume of 311,366. The stock has a market capitalization of $382.76 million, a PE ratio of 14.60, a P/E/G ratio of 1.25 and a beta of 1.13. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.93 and a quick ratio of 1.35. Nautilus has a twelve month low of $10.82 and a twelve month high of $17.20.

In other news, CEO Bruce M. Cazenave sold 10,700 shares of the business’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $14.81, for a total transaction of $158,467.00. Following the completion of the transaction, the chief executive officer now owns 389,044 shares of the company’s stock, valued at approximately $5,761,741.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Bruce M. Cazenave sold 16,600 shares of the business’s stock in a transaction on Tuesday, September 25th. The stock was sold at an average price of $14.01, for a total value of $232,566.00. Following the transaction, the chief executive officer now directly owns 382,094 shares of the company’s stock, valued at approximately $5,353,136.94. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of NLS. JPMorgan Chase & Co. raised its holdings in shares of Nautilus by 1,037.8% during the 1st quarter. JPMorgan Chase & Co. now owns 163,336 shares of the specialty retailer’s stock worth $2,197,000 after buying an additional 148,980 shares in the last quarter. Principal Financial Group Inc. grew its position in Nautilus by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 235,362 shares of the specialty retailer’s stock worth $3,166,000 after acquiring an additional 5,577 shares during the last quarter. Millennium Management LLC grew its position in Nautilus by 367.5% during the 1st quarter. Millennium Management LLC now owns 452,507 shares of the specialty retailer’s stock worth $6,086,000 after acquiring an additional 355,709 shares during the last quarter. Bank of Montreal Can grew its position in Nautilus by 1,797.3% during the 2nd quarter. Bank of Montreal Can now owns 11,403 shares of the specialty retailer’s stock worth $178,000 after acquiring an additional 10,802 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in Nautilus during the 2nd quarter worth $277,000. 91.88% of the stock is owned by institutional investors.

Nautilus Company Profile

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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