Sleep Number Corp (NASDAQ:SNBR) – Stock analysts at Wedbush decreased their Q2 2018 earnings per share estimates for shares of Sleep Number in a note issued to investors on Friday. Wedbush analyst S. Basham now expects that the company will post earnings per share of $0.00 for the quarter, down from their prior estimate of $0.03. Wedbush also issued estimates for Sleep Number’s Q3 2018 earnings at $0.79 EPS and FY2019 earnings at $2.32 EPS.
Sleep Number (NASDAQ:SNBR) last issued its earnings results on Thursday, February 15th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.13. Sleep Number had a return on equity of 61.21% and a net margin of 4.51%. The company had revenue of $363.28 million for the quarter, compared to analyst estimates of $331.72 million. During the same period in the prior year, the firm earned $0.25 earnings per share. Sleep Number’s revenue for the quarter was up 15.9% on a year-over-year basis.
A number of other equities analysts have also weighed in on the company. Bank of America lowered Sleep Number from a “neutral” rating to an “underperform” rating in a research report on Friday, November 3rd. Zacks Investment Research lowered Sleep Number from a “hold” rating to a “sell” rating in a research report on Wednesday, December 20th. ValuEngine raised Sleep Number from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. BidaskClub lowered Sleep Number from a “buy” rating to a “hold” rating in a research report on Monday, February 5th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $47.00 target price (up from $40.00) on shares of Sleep Number in a research report on Friday, February 16th. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $34.00.
Sleep Number (NASDAQ SNBR) opened at $35.37 on Monday. Sleep Number has a 12-month low of $21.52 and a 12-month high of $40.72. The firm has a market capitalization of $1,348.36, a P/E ratio of 21.58, a PEG ratio of 0.99 and a beta of 0.74.
In related news, SVP Mark A. Kimball sold 8,000 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $38.35, for a total value of $306,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 24,000 shares of company stock valued at $884,800 over the last three months. 4.00% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in Sleep Number in the 4th quarter valued at $188,325,000. Vulcan Value Partners LLC purchased a new stake in Sleep Number in the 4th quarter valued at $156,698,000. Vanguard Group Inc. raised its position in Sleep Number by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 4,093,883 shares of the company’s stock valued at $145,291,000 after buying an additional 140,801 shares during the last quarter. Disciplined Growth Investors Inc. MN purchased a new stake in Sleep Number in the 3rd quarter valued at $114,107,000. Finally, Alliancebernstein L.P. purchased a new stake in Sleep Number in the 4th quarter valued at $59,928,000.
ILLEGAL ACTIVITY WARNING: “Q2 2018 EPS Estimates for Sleep Number Corp (SNBR) Decreased by Analyst” was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2018/02/21/q2-2018-eps-estimates-for-sleep-number-corp-snbr-decreased-by-analyst.html.
About Sleep Number
Sleep Number Corporation, formerly 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.
Receive News & Ratings for Sleep Number Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sleep Number and related companies with MarketBeat.com's FREE daily email newsletter.