Nautilus, Inc. (NYSE:NLS) – Imperial Capital cut their Q2 2018 earnings per share estimates for shares of Nautilus in a report issued on Tuesday, May 15th. Imperial Capital analyst G. Kelly now anticipates that the specialty retailer will earn $0.03 per share for the quarter, down from their prior forecast of $0.04. Imperial Capital has a “Outperform” rating and a $15.00 price objective 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.
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Nautilus (NYSE:NLS) last released its quarterly earnings data on Monday, May 7th. The specialty retailer reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. The firm had revenue of $114.80 million for the quarter, compared to the consensus estimate of $111.77 million. Nautilus had a net margin of 6.68% and a return on equity of 15.45%. The firm’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.26 earnings per share.
NLS has been the topic of a number of other research reports. Zacks Investment Research raised shares of Nautilus from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Tuesday, January 16th. DA Davidson reaffirmed a “buy” rating on shares of Nautilus in a report on Tuesday, May 8th. ValuEngine downgraded shares of Nautilus from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Lake Street Capital reaffirmed a “hold” rating and issued a $14.00 price target (down previously from $15.00) on shares of Nautilus in a report on Tuesday, March 6th. Finally, B. Riley upped their price target on shares of Nautilus from $16.75 to $18.00 and gave the company a “neutral” rating in a report on Tuesday, May 8th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $17.75.
NLS stock opened at $15.60 on Wednesday. The stock has a market cap of $475.99 million, a P/E ratio of 17.58 and a beta of 1.36. Nautilus has a 52 week low of $15.40 and a 52 week high of $15.70. 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 declared that its board has authorized a share repurchase plan on Monday, March 5th that permits the company to repurchase $15.00 million in shares. This repurchase authorization permits the specialty retailer to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.
In other Nautilus news, CEO Bruce M. Cazenave sold 5,350 shares of the company’s stock in a transaction dated Tuesday, March 20th. The shares were sold at an average price of $12.97, for a total value of $69,389.50. Following the sale, the chief executive officer now owns 381,396 shares of the company’s stock, valued at $4,946,706.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Bruce M. Cazenave sold 10,700 shares of the company’s stock in a transaction dated Tuesday, April 24th. The shares were sold at an average price of $14.74, for a total transaction of $157,718.00. Following the completion of the sale, the chief executive officer now directly owns 381,396 shares in the company, valued at approximately $5,621,777.04. The disclosure for this sale can be found here. Insiders sold 31,252 shares of company stock worth $469,875 in the last ninety days. Insiders own 3.50% of the company’s stock.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of Nautilus by 2.7% in the first quarter. BlackRock Inc. now owns 3,980,328 shares of the specialty retailer’s stock valued at $53,536,000 after buying an additional 105,516 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Nautilus by 5.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,012,406 shares of the specialty retailer’s stock valued at $27,067,000 after buying an additional 108,293 shares during the last quarter. Cooke & Bieler LP raised its position in shares of Nautilus by 4.6% in the first quarter. Cooke & Bieler LP now owns 1,863,370 shares of the specialty retailer’s stock valued at $25,062,000 after buying an additional 81,700 shares during the last quarter. Northpointe Capital LLC raised its position in shares of Nautilus by 16.4% in the fourth quarter. Northpointe Capital LLC now owns 1,182,726 shares of the specialty retailer’s stock valued at $15,789,000 after buying an additional 167,065 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN raised its position in shares of Nautilus by 3.2% in the fourth quarter. Disciplined Growth Investors Inc. MN now owns 1,017,552 shares of the specialty retailer’s stock valued at $13,584,000 after buying an additional 31,777 shares during the last quarter. 88.74% of the stock is owned by institutional investors and hedge funds.
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.