Wall Street brokers expect Sleep Number Co. (NASDAQ: SNBR) to report earnings per share of $ 1.13 for the current quarter, according to Zacks investment research. Four analysts estimated Sleep Number earnings, with the highest estimate of EPS at $ 1.55 and the lowest estimate at $ 0.62. Sleep Number reported earnings of ($ 0.45) per share for the same quarter last year, which would indicate a positive year-over-year growth rate of 351.1%. The company is expected to announce its next quarterly earnings report on Wednesday, July 21.
According to Zacks, analysts expect Sleep Number to report annual earnings of $ 6.77 per share for the current year, with EPS estimates ranging from $ 6.56 to $ 7.00. For next year, analysts predict the company will report earnings of $ 7.04 per share, with EPS estimates ranging from $ 6.02 to $ 7.70. Zacks earnings per share averages are an average based on a survey of selling analysts who cover Sleep Number.
Sleep Number (NASDAQ: SNBR) last released its results on Tuesday, April 20. The company reported earnings per share (EPS) of $ 2.51 for the quarter, beating the consensus estimate of $ 1.83 by $ 0.68. Sleep Number had a net margin of 8.54% and a negative return on equity of 81.06%. The company posted revenue of $ 568.26 million for the quarter, compared to $ 582.34 million expected by analysts. In the same quarter of last year, the company made earnings per share of $ 1.36. The company’s revenue grew 20.2% year-over-year.
Several analysts have recently weighed on the title. TheStreet reduced Sleep Number’s share from a “b” rating to a “c +” rating in a report released on Friday, April 9. UBS Group upgraded Sleep Number shares from a “sell” rating to a “neutral” rating and raised its price target for the company from $ 65 to $ 135 in a report released Thursday, February 18. Wedbush raised its price target on Sleep Number shares from $ 120.00 to $ 130.00 and rated the company “neutral” in a report released on Thursday, February 18. Finally, Piper Sandler raised her price target on Sleep Number shares from $ 108.00 to $ 165.00 in a report released on Thursday, February 18. Two analysts gave the stock a sell rating, three assigned a conservation rating, and two gave the stock a buy rating. The company currently has a consensus rating of “Hold” and an average target price of $ 112.20.
In other news, director Daniel Alegre sold 12,852 shares of Sleep Number in a trade dated Tuesday, May 25. The stock was sold for an average price of $ 107.55, for a total value of $ 1,382,232.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Additionally, Executive Vice President Melissa Barra sold 1,274 shares of Sleep Number in a transaction dated Thursday, March 25. The stock was sold for an average price of $ 127.42, for a total value of $ 162,333.08. Following the closing of the transaction, the Executive Vice President now directly owns 41,272 shares of the company, valued at approximately $ 5,258,878.24. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 42,056 shares of the company valued at $ 5,411,183. Company insiders own 5.70% of the company’s shares.
Several institutional investors and hedge funds have recently bought and sold shares in the company. Nisa Investment Advisors LLC increased its position in Sleep Number shares by 1.2% during the 1st quarter. Nisa Investment Advisors LLC now owns 9,725 shares of the company valued at $ 1,395,000 after purchasing an additional 120 shares in the last quarter. Comerica Bank increased its position in Sleep Number shares by 0.5% during the 4th quarter. Comerica Bank now owns 29,118 shares of the company valued at $ 2,898,000 after purchasing 139 additional shares in the last quarter. BancorpSouth Bank increased its position in Sleep Number shares by 2.3% in the first quarter. BancorpSouth Bank now owns 8,096 shares of the company valued at $ 1,162,000 after purchasing 184 more shares in the last quarter. Aperio Group LLC increased its position in Sleep Number shares by 3.3% during the 4th quarter. Aperio Group LLC now owns 9,231 shares of the company valued at $ 756,000 after purchasing an additional 298 shares in the last quarter. Finally, Optimum Investment Advisors purchased a new equity stake in Sleep Number during the 1st quarter valued at approximately $ 43,000. 92.67% of the shares are held by hedge funds and other institutional investors.
NASDAQ: SNBR traded up $ 1.01 during trading hours on Tuesday, reaching $ 118.38. The company had a trading volume of 17,916 shares, compared to its average volume of 502,600. The company has a market capitalization of $ 2.90 billion, a P / E ratio of 19.60, a PEG ratio of 1.15 and a beta of 1.96. The company’s 50-day simple moving average is $ 116.63. Sleep Number has a minimum of $ 36.04 over 52 weeks and a maximum of $ 151.44 over 52 weeks.
About the number of sleep
Sleep Number Corporation, along with its subsidiaries, provides sleep solutions and services in the United States. The company designs, manufactures, markets, retailers and services beds, pillows, sheets and other bedding products under the Sleep Number name. It also offers adjustable bases under the name FlextFit; temperature balancing products, including the DualTemp layer; SleepIQ Kids k2 beds for children; and smart beds under the names Sleep Number 360 and 360.
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