Select Comfort Corporation (NASDAQ:SCSS) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.30-1.45 for the period, compared to the Thomson Reuters consensus estimate of $1.39.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Select Comfort Corporation from a hold rating to a sell rating in a report on Wednesday. BidaskClub upgraded shares of Select Comfort Corporation from a hold rating to a buy rating in a report on Wednesday, August 9th. Piper Jaffray Companies reiterated a buy rating and set a $38.00 price target on shares of Select Comfort Corporation in a report on Wednesday, July 19th. UBS AG restated a sell rating and issued a $17.00 price objective (up from $16.00) on shares of Select Comfort Corporation in a report on Friday, July 21st. Finally, Bank of America Corporation upgraded shares of Select Comfort Corporation from an underperform rating to a neutral rating and upped their price objective for the stock from $21.50 to $35.00 in a report on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $30.67.
Shares of Select Comfort Corporation (NASDAQ SCSS) opened at 34.00 on Friday. The stock has a market capitalization of $1.35 billion, a P/E ratio of 24.25 and a beta of 0.65. The company’s 50-day moving average is $30.80 and its 200 day moving average is $30.97. Select Comfort Corporation has a 12 month low of $18.44 and a 12 month high of $36.74.
Select Comfort Corporation (NASDAQ:SCSS) last announced its earnings results on Tuesday, October 17th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.06). Select Comfort Corporation had a net margin of 4.34% and a return on equity of 51.12%. The company had revenue of $402.64 million during the quarter, compared to analysts’ expectations of $413.89 million. During the same quarter last year, the business posted $0.56 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities research analysts predict that Select Comfort Corporation will post $1.37 earnings per share for the current year.
Select Comfort Corporation declared that its Board of Directors has initiated a stock repurchase program on Tuesday, October 17th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.
In other news, Director Michael A. Peel sold 3,000 shares of the business’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $33.80, for a total value of $101,400.00. Following the completion of the transaction, the director now directly owns 80,412 shares of the company’s stock, valued at $2,717,925.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Mark A. Kimball sold 8,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $34.06, for a total value of $272,480.00. Following the completion of the transaction, the senior vice president now directly owns 72,186 shares of the company’s stock, valued at $2,458,655.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,100 shares of company stock valued at $1,039,964. 4.00% of the stock is currently owned by insiders.
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About Select Comfort Corporation
Select Comfort Corporation is a designer, manufacturer, marketer, retailer and servicer of a line of Sleep Number beds. The Company offers consumers individualized sleep solutions and services, which include a complete line of Sleep Number beds, bases and bedding accessories. Its Sleep Number bed offers SleepIQ technology sensors that work directly with the bed’s DualAir technology to track each individual’s sleep.
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