Sleep Number Corp (SNBR) Expected to Post Earnings of $0.72 Per Share

Equities research analysts expect that Sleep Number Corp (NASDAQ:SNBR) will post earnings of $0.72 per share for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Sleep Number’s earnings. The highest EPS estimate is $0.78 and the lowest is $0.66. Sleep Number posted earnings per share of $0.52 in the same quarter last year, which suggests a positive year-over-year growth rate of 38.5%. The business is expected to announce its next earnings report after the market closes on Wednesday, April 17th.

According to Zacks, analysts expect that Sleep Number will report full-year earnings of $2.43 per share for the current year, with EPS estimates ranging from $2.34 to $2.53. For the next year, analysts anticipate that the business will post earnings of $2.85 per share, with EPS estimates ranging from $2.80 to $2.90. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Sleep Number.

Sleep Number (NASDAQ:SNBR) last released its quarterly earnings data on Wednesday, February 13th. The company reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.09. The business had revenue of $411.83 million during the quarter, compared to analysts’ expectations of $410.38 million. Sleep Number had a net margin of 4.54% and a negative return on equity of 178.70%.

Several equities research analysts recently commented on SNBR shares. Zacks Investment Research upgraded shares of Sleep Number from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Tuesday, March 12th. BidaskClub upgraded shares of Sleep Number from a “hold” rating to a “buy” rating in a research note on Friday, January 11th. ValuEngine upgraded shares of Sleep Number from a “hold” rating to a “buy” rating in a research note on Thursday, February 14th. Barclays assumed coverage on shares of Sleep Number in a research note on Monday, January 28th. They set an “equal weight” rating and a $36.00 price target on the stock. Finally, SunTrust Banks boosted their price objective on shares of Sleep Number to $35.00 and gave the stock a “hold” rating in a report on Thursday, February 14th. One analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Sleep Number currently has a consensus rating of “Hold” and a consensus price target of $38.83.

In other news, SVP Patricia Ann Dirks sold 10,805 shares of the firm’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $42.61, for a total value of $460,401.05. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Suresh Krishna sold 13,150 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $49.25, for a total transaction of $647,637.50. The disclosure for this sale can be found here. Insiders have sold a total of 142,840 shares of company stock worth $6,365,336 over the last quarter. 4.30% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the company. Advisor Group Inc. lifted its position in shares of Sleep Number by 1,761.0% in the 4th quarter. Advisor Group Inc. now owns 3,722 shares of the company’s stock worth $118,000 after buying an additional 3,522 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of Sleep Number in the 4th quarter worth about $121,000. NEXT Financial Group Inc lifted its position in shares of Sleep Number by 2,577.4% in the 4th quarter. NEXT Financial Group Inc now owns 4,150 shares of the company’s stock worth $132,000 after buying an additional 3,995 shares during the last quarter. Hsbc Holdings PLC bought a new position in shares of Sleep Number in the 3rd quarter worth about $206,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of Sleep Number by 1,045.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,531 shares of the company’s stock worth $207,000 after buying an additional 5,961 shares during the last quarter.

Shares of Sleep Number stock traded down $0.09 during trading on Thursday, hitting $48.77. 402,183 shares of the stock were exchanged, compared to its average volume of 627,846. Sleep Number has a 12-month low of $26.22 and a 12-month high of $49.56. The stock has a market cap of $1.47 billion, a P/E ratio of 25.40, a price-to-earnings-growth ratio of 1.03 and a beta of 1.30.

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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