Equities research analysts expect Sleep Number (NASDAQ:SNBR) to report $316.95 million in sales for the current quarter, Zacks reports. Six analysts have issued estimates for Sleep Number’s earnings, with the lowest sales estimate coming in at $312.29 million and the highest estimate coming in at $321.60 million. Sleep Number reported sales of $284.67 million in the same quarter last year, which indicates a positive year-over-year growth rate of 11.3%. The company is scheduled to report its next quarterly earnings results on Monday, July 16th.
On average, analysts expect that Sleep Number will report full-year sales of $1.52 billion for the current fiscal year, with estimates ranging from $1.49 billion to $1.54 billion. For the next fiscal year, analysts expect that the company will post sales of $1.62 billion per share, with estimates ranging from $1.57 billion to $1.65 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Sleep Number.
Sleep Number (NASDAQ:SNBR) last released its earnings results on Wednesday, April 18th. The company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.04). The business had revenue of $389.00 million during the quarter, compared to analysts’ expectations of $396.68 million. Sleep Number had a return on equity of 74.14% and a net margin of 4.25%. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.56 earnings per share.
SNBR has been the topic of a number of analyst reports. ValuEngine upgraded shares of Sleep Number from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. BidaskClub cut shares of Sleep Number from a “buy” rating to a “hold” rating in a research note on Monday, February 5th. Stifel Nicolaus reiterated a “buy” rating and issued a $47.00 price target (up previously from $40.00) on shares of Sleep Number in a research note on Friday, February 16th. Zacks Investment Research cut shares of Sleep Number from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Finally, Raymond James cut shares of Sleep Number from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 19th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $32.75.
Shares of Sleep Number stock opened at $28.32 on Friday. The stock has a market capitalization of $1.05 billion, a P/E ratio of 19.01, a PEG ratio of 0.85 and a beta of 0.84. Sleep Number has a 1 year low of $27.44 and a 1 year high of $40.72.
In other Sleep Number news, SVP Mark A. Kimball sold 8,000 shares of the company’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $34.25, for a total transaction of $274,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Andrew P. Carlin sold 3,000 shares of the company’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $37.00, for a total transaction of $111,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 19,000 shares of company stock worth $665,960 in the last 90 days. Company insiders own 4.30% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Meadow Creek Investment Management LLC bought a new position in Sleep Number during the 4th quarter valued at about $109,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Sleep Number during the 4th quarter valued at about $114,000. Stratos Wealth Partners LTD. bought a new position in Sleep Number during the 1st quarter valued at about $117,000. Fagan Associates Inc. bought a new position in Sleep Number during the 4th quarter valued at about $211,000. Finally, Meeder Asset Management Inc. bought a new position in Sleep Number during the 4th quarter valued at about $184,000. Institutional investors and hedge funds own 98.05% of the company’s stock.
Sleep Number Company Profile
Sleep Number Corporation, together with its subsidiaries, provides sleep solutions and services in the United States. It designs, manufactures, markets, retails, and services beds, bases, and bedding accessories under the Sleep Number name. The company also offers adjustable bases under the FlextFit name; and pillows and sheets, as well as other bedding products, including mattresses, box springs, and foundations under the Sleep Number name.
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