Research Analysts Offer Predictions for Select Comfort Corporation’s FY2017 Earnings (SCSS)

Select Comfort Corporation (NASDAQ:SCSS) – Stock analysts at Wedbush increased their FY2017 EPS estimates for Select Comfort Corporation in a research note issued to investors on Wednesday. Wedbush analyst S. Basham now forecasts that the company will post earnings of $1.37 per share for the year, up from their prior forecast of $1.35. Wedbush also issued estimates for Select Comfort Corporation’s Q1 2018 earnings at $0.63 EPS, Q3 2018 earnings at $0.66 EPS, Q4 2018 earnings at $0.27 EPS, FY2018 earnings at $1.60 EPS and FY2019 earnings at $2.02 EPS.

Select Comfort Corporation (NASDAQ:SCSS) last issued its earnings results on Tuesday, October 17th. The company reported $0.62 earnings per share (EPS) 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 48.11%. The company had revenue of $402.64 million during the quarter, compared to analyst estimates of $413.89 million. During the same quarter in the previous year, the company posted $0.56 EPS. The company’s quarterly revenue was up 9.1% on a year-over-year basis. TRADEMARK VIOLATION NOTICE: This piece was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece on another site, it was illegally stolen and reposted in violation of U.S. and international copyright law. The legal version of this piece can be read at https://www.dispatchtribunal.com/2017/10/28/research-analysts-offer-predictions-for-select-comfort-corporations-fy2017-earnings-scss.html.

A number of other analysts also recently weighed in on SCSS. Bank of America Corporation set a $33.00 price target on shares of Select Comfort Corporation and gave the stock a “hold” rating in a research report on Wednesday. Piper Jaffray Companies set a $38.00 price target on shares of Select Comfort Corporation and gave the stock a “buy” rating in a research report on Wednesday, October 11th. BidaskClub raised shares of Select Comfort Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. KeyCorp reissued a “hold” rating on shares of Select Comfort Corporation in a research report on Friday, September 29th. Finally, Raymond James Financial, Inc. raised shares of Select Comfort Corporation from a “market perform” rating to an “outperform” rating and set a $35.00 price target for the company in a research report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. Select Comfort Corporation has an average rating of “Hold” and a consensus price target of $30.67.

Select Comfort Corporation (NASDAQ:SCSS) opened at 32.08 on Thursday. Select Comfort Corporation has a one year low of $17.95 and a one year high of $36.74. The firm has a market cap of $1.32 billion, a PE ratio of 23.42 and a beta of 0.65. The stock has a 50 day moving average of $30.31 and a 200 day moving average of $30.66.

Select Comfort Corporation declared that its board has approved a share repurchase program on Tuesday, October 17th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

In other Select Comfort Corporation news, SVP Mark A. Kimball sold 8,000 shares of Select Comfort Corporation stock in a transaction on Tuesday, August 1st. The shares were 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 owns 72,186 shares of the company’s stock, valued at $2,458,655.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Joseph Hunter Saklad sold 5,100 shares of Select Comfort Corporation stock in a transaction on Friday, August 11th. The stock was sold at an average price of $33.24, for a total transaction of $169,524.00. Following the completion of the transaction, the senior vice president now directly owns 39,550 shares of the company’s stock, valued at approximately $1,314,642. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,100 shares of company stock valued at $938,564. 4.00% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in SCSS. BlackRock Inc. boosted its holdings in Select Comfort Corporation by 128,067.2% in the first quarter. BlackRock Inc. now owns 5,166,419 shares of the company’s stock worth $128,077,000 after purchasing an additional 5,162,388 shares during the period. Acadian Asset Management LLC acquired a new position in Select Comfort Corporation in the second quarter worth $56,857,000. Arrowstreet Capital Limited Partnership boosted its holdings in Select Comfort Corporation by 856.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,065,008 shares of the company’s stock worth $37,797,000 after purchasing an additional 953,666 shares during the period. Copper Rock Capital Partners LLC acquired a new position in Select Comfort Corporation in the second quarter worth $19,391,000. Finally, Rothschild Asset Management Inc. acquired a new position in Select Comfort Corporation in the second quarter worth $26,591,000.

Select Comfort Corporation Company Profile

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.

Earnings History and Estimates for Select Comfort Corporation (NASDAQ:SCSS)

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