Nautilus (NLS) reported quarterly earnings results on Monday, Aug-1-2016. The company said it had a profit of $0.12 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.09. The company posted revenue of $78.50 million in the period, compared to analysts expectations of $77.78 million. The company’s revenue was up 31.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS.
Many Wall Street Analysts have commented on Nautilus. Imperial Capital Initiated Nautilus on Jul 6, 2016 to “Outperform”, Price Target of the shares are set at $24.
Nautilus opened for trading at $18.53 and hit $18.88 on the upside on Friday, eventually ending the session at $18.84, with a gain of 1.24% or 0.23 points. The heightened volatility saw the trading volume jump to 3,55,751 shares. Company has a market cap of $585 M.
In a different news, on May 19, 2016, Robert O. Murdock (VP, GM Direct) sold 712 shares at $20.00 per share price. According to the SEC, on May 16, 2016, Wayne M Bolio (SVP, Law & Human Resources) sold 10,000 shares at $19.61 per share price. On May 16, 2016, Jeffery Lynn Collins (VP, Retail Sales) sold 8,403 shares at $19.57 per share price, according to the Form-4 filing with the securities and exchange commission.
Nautilus Inc. is a consumer fitness products company. The Company’s principal business activities include designing developing sourcing and marketing cardio and strength fitness products and related accessories for consumer use primarily in the United States and Canada. The Company operates through two business segments: Direct and Retail. Its Direct business markets and sells its products principally Bowflex cardio and strength products directly to consumers. It is a direct marketer of strength products in the United States and also sells cardio products especially the Bowflex TreadClimber and Bowflex Max Trainer. In its Retail business the Company markets and sells a line of consumer fitness equipment under the Nautilus Schwinn Universal and Bowflex brands. The Company’s products are marketed through retail companies consisting of sporting goods stores Internet retailers large-format and warehouse stores smaller specialty retailers and independent bike dealers.