Equities analysts expect Sleep Number (NASDAQ:SNBR) to announce sales of $397.27 million for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Sleep Number’s earnings, with the highest sales estimate coming in at $401.80 million and the lowest estimate coming in at $392.40 million. Sleep Number reported sales of $393.90 million during the same quarter last year, which suggests a positive year over year growth rate of 0.9%. The company is expected to issue its next earnings results after the market closes on Wednesday, April 18th.
According to Zacks, analysts expect that Sleep Number will report full-year sales of $397.27 million for the current financial year, with estimates ranging from $1.51 billion to $1.55 billion. For the next financial year, analysts anticipate that the business will post sales of $1.64 billion per share, with estimates ranging from $1.61 billion to $1.67 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow Sleep Number.
Sleep Number (NASDAQ:SNBR) last posted its quarterly earnings results on Thursday, February 15th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.13. Sleep Number had a net margin of 4.51% and a return on equity of 61.21%. The company had revenue of $363.28 million for the quarter, compared to analysts’ expectations of $331.72 million. During the same quarter in the previous year, the firm posted $0.25 EPS. Sleep Number’s revenue was up 15.9% on a year-over-year basis.
SNBR has been the subject of several research reports. BidaskClub lowered shares of Sleep Number from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. Zacks Investment Research lowered shares of Sleep Number from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. ValuEngine upgraded shares of Sleep Number from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $47.00 target price (up from $40.00) on shares of Sleep Number in a report on Friday, February 16th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $34.00.
In other news, SVP Mark A. Kimball sold 8,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $37.26, for a total value of $298,080.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Andrew P. Carlin sold 3,000 shares of the business’s stock in a transaction dated Tuesday, March 6th. The stock was 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 41,545 shares of company stock worth $1,491,216 over the last 90 days. Insiders own 4.00% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in SNBR. Meadow Creek Investment Management LLC purchased a new stake in Sleep Number in the 4th quarter valued at about $109,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Sleep Number in the 4th quarter valued at about $114,000. Meeder Asset Management Inc. bought a new position in shares of Sleep Number during the 4th quarter worth approximately $184,000. Elkfork Partners LLC bought a new position in shares of Sleep Number during the 4th quarter worth approximately $190,000. Finally, LS Investment Advisors LLC bought a new position in shares of Sleep Number during the 4th quarter worth approximately $201,000.
Shares of Sleep Number stock traded up $0.28 during trading on Wednesday, hitting $35.15. The stock had a trading volume of 256,386 shares, compared to its average volume of 641,321. The stock has a market cap of $1,342.43, a P/E ratio of 23.41, a PEG ratio of 0.96 and a beta of 0.82. Sleep Number has a 12 month low of $24.21 and a 12 month high of $40.72.
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About Sleep Number
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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