Q2 2018 EPS Estimates for Sleep Number Corp (SNBR) Decreased by Analyst

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.

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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.

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