Actionable news
0
All posts from Actionable news
Actionable news in NLS: NAUTILUS Inc,

Wunderlich On Nautilus: Another Impressive Quarter

Wunderlich On Nautilus: Another Impressive Quarter - Nautilus Group, Inc. The NYSE:NLS

Nautilus, Inc. NLS shares climbed more than 13 percent, nearing its 52-week high of $21.39 after the consumer fitness products company reported a strong second-quarter results.

Nautilus reported second-quarter EPS/revenue of $0.12/$79 million, ahead of consensus forecasts of $0.09/$78 million, "driven by solid gross margin expansion in both the Direct and Retail business segments."

"Key new products such as Nautilus-branded "smart" cardio machines in the Retail channel as well as increased global distribution for the highly successful Bowflex MAX Trainer cardio machine helped drive solid top-line growth," Wunderlich analyst Rommel Dionisio said.

Related Link: Nautilus Beats, Says Retail Segment Revenues Increased 89% In Q2

The analyst said future growth drivers include additional penetration into the specialty retail channel; expansion of Bowflex MAX Trainer into overseas markets such as the UK, Australia and New Zealand; and the introduction of MAX Trainer M7.

Further, Dionisio expects the new product launches at the company's upcoming showcase event in September to be a positive catalyst for shares.

The analyst has a Buy rating and $24 target price on the stock. At time of writing, Nautilus was up 13.94 percent at $21.01.

Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email feedback@benzinga.com with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!

DateFirmActionFromTo
Jul 2016Imperial CapitalInitiates Coverage onOutperform
Mar 2016SunTrust Robinson HumphreyInitiates Coverage onBuy
Nov 2015B. RileyMaintainsBuy

© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.