National Bank Financial Equities Analysts Cut Earnings Estimates for Sleep Country Canada Holdings Inc (TSE:ZZZ)

Sleep Country Canada Holdings Inc (TSE:ZZZ) – Equities research analysts at National Bank Financial lowered their Q3 2018 earnings estimates for Sleep Country Canada in a report released on Tuesday, October 16th, according to Zacks Investment Research. National Bank Financial analyst V. Shreedhar now expects that the company will post earnings per share of $0.69 for the quarter, down from their previous estimate of $0.70. National Bank Financial has a “Sector Perform” rating and a $27.00 price target on the stock. National Bank Financial also issued estimates for Sleep Country Canada’s FY2018 earnings at $1.80 EPS and Q3 2019 earnings at $0.74 EPS.

A number of other equities research analysts have also recently commented on ZZZ. TD Securities decreased their target price on shares of Sleep Country Canada from C$32.00 to C$27.00 and set a “hold” rating for the company in a research report on Monday, November 5th. BMO Capital Markets decreased their target price on shares of Sleep Country Canada from C$39.00 to C$30.00 in a research report on Monday, November 5th. Raymond James decreased their target price on shares of Sleep Country Canada from C$35.00 to C$32.00 and set an “outperform” rating for the company in a research report on Monday, November 5th. CIBC cut shares of Sleep Country Canada from an “outperform” rating to a “neutral” rating and decreased their target price for the company from C$34.00 to C$25.00 in a research report on Monday, November 5th. Finally, Royal Bank of Canada decreased their target price on shares of Sleep Country Canada from C$43.00 to C$39.00 and set an “outperform” rating for the company in a research report on Monday, October 29th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of C$32.50.

TSE:ZZZ traded down C$0.30 during midday trading on Thursday, reaching C$22.39. 259,500 shares of the stock traded hands, compared to its average volume of 126,877. Sleep Country Canada has a 12-month low of C$19.85 and a 12-month high of C$37.24. The company has a debt-to-equity ratio of 40.45, a current ratio of 1.29 and a quick ratio of 0.49.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 29th. Shareholders of record on Thursday, November 29th will be issued a $0.185 dividend. The ex-dividend date is Friday, November 16th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 3.31%. Sleep Country Canada’s dividend payout ratio is currently 43.94%.

About Sleep Country Canada

Sleep Country Canada Holdings Inc engages in retailing mattress and bedding related products. The company offers a range of mattresses, adjustable lifestyle bases, pillows, duvets, sheets, headboards, frames, mattress protectors, pillow protectors, and other sleep accessories. The company operates under the Dormez-vous and Sleep Country Canada retail banners.

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Earnings History and Estimates for Sleep Country Canada (TSE:ZZZ)

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