Q2 2023 EPS Estimates for Nautilus, Inc. Lowered by William Blair (NYSE:NLS)

Nautilus, Inc. (NYSE:NLSGet Rating) – Research analysts at William Blair decreased their Q2 2023 EPS estimates for shares of Nautilus in a research note issued on Tuesday, August 2nd. William Blair analyst S. Zackfia now expects that the specialty retailer will post earnings of ($0.52) per share for the quarter, down from their prior estimate of ($0.51). The consensus estimate for Nautilus’ current full-year earnings is ($1.36) per share. William Blair also issued estimates for Nautilus’ Q3 2023 earnings at ($0.02) EPS, Q4 2023 earnings at ($0.12) EPS and FY2023 earnings at ($1.39) EPS.

Nautilus (NYSE:NLSGet Rating) last released its earnings results on Monday, May 23rd. The specialty retailer reported ($0.56) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.61) by $0.05. Nautilus had a negative net margin of 3.80% and a negative return on equity of 8.78%. The company had revenue of $119.72 million for the quarter, compared to analysts’ expectations of $121.40 million.

NLS has been the topic of a number of other reports. Craig Hallum downgraded Nautilus from a “buy” rating to a “hold” rating and decreased their target price for the stock from $9.00 to $2.00 in a research report on Tuesday, May 24th. Roth Capital reissued a “neutral” rating on shares of Nautilus in a research note on Tuesday, May 24th. StockNews.com lowered Nautilus from a “hold” rating to a “sell” rating in a research note on Wednesday, May 25th. Truist Financial dropped their price target on Nautilus from $15.00 to $5.00 and set a “buy” rating for the company in a research note on Tuesday, May 24th. Finally, Lake Street Capital dropped their price target on Nautilus from $14.00 to $5.00 and set a “buy” rating for the company in a research note on Tuesday, May 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $6.13.

Nautilus Stock Up 3.5 %

NLS opened at $2.05 on Friday. The company has a market capitalization of $64.51 million, a PE ratio of -2.81 and a beta of 1.68. The firm has a 50-day simple moving average of $2.00 and a two-hundred day simple moving average of $3.35. The company has a quick ratio of 1.01, a current ratio of 2.18 and a debt-to-equity ratio of 0.17. Nautilus has a 52 week low of $1.64 and a 52 week high of $14.82.

Institutional Investors Weigh In On Nautilus

Institutional investors and hedge funds have recently modified their holdings of the business. Pine Haven Investment Counsel Inc bought a new stake in shares of Nautilus during the 1st quarter worth approximately $41,000. PDT Partners LLC bought a new stake in shares of Nautilus during the 4th quarter worth approximately $66,000. Avidian Wealth Solutions LLC bought a new stake in shares of Nautilus during the 1st quarter worth approximately $53,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Nautilus during the 4th quarter worth approximately $83,000. Finally, Avaii Wealth Management LLC purchased a new position in Nautilus during the 1st quarter worth $61,000. 59.04% of the stock is owned by institutional investors.

Insider Activity

In related news, VP Jeffery Lynn Collins acquired 20,000 shares of the stock in a transaction dated Monday, June 6th. The stock was acquired at an average cost of $2.15 per share, with a total value of $43,000.00. Following the purchase, the vice president now directly owns 40,387 shares of the company’s stock, valued at $86,832.05. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.60% of the company’s stock.

Nautilus Company Profile

(Get Rating)

Nautilus, Inc, a fitness solutions company, designs, develops, sources, and markets cardio and strength fitness products, and related accessories for consumer and commercial use in the United States, Canada, Europe, the Middle East, Africa, and internationally. The company operates in two segments, Direct and Retail.

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Earnings History and Estimates for Nautilus (NYSE:NLS)

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