Brokers predict that Sleep Number Co. (NASDAQ: SNBR) will report revenue of $ 503.10 million for the current quarter, Zacks investment research reports. Four analysts provided earnings estimates for Sleep Number. The lowest sales estimate is $ 492.00 million and the highest is $ 512.80 million. Sleep Number recorded sales of $ 284.94 million in the same quarter last year, which would indicate a positive growth rate of 76.6% year-over-year. The company is expected to release its next quarterly earnings report on Wednesday, July 21.
On average, analysts expect Sleep Number to report annual revenue of $ 2.23 billion for the current fiscal year, with estimates ranging from $ 2.21 billion to $ 2.26 billion. of dollars. For the next fiscal year, analysts expect the company to report revenue of $ 2.40 billion, with estimates ranging from $ 2.30 billion to $ 2.53 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Sleep Number.
Sleep Number (NASDAQ: SNBR) last released its quarterly results on Tuesday, April 20. The company reported earnings per share (EPS) of $ 2.51 for the quarter, beating the Zacks’ 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 in the quarter, compared to analysts’ expectations of $ 582.34 million. During the same period of the previous year, the company achieved earnings per share of $ 1.36. The company’s quarterly revenue increased 20.2% compared to the same quarter last year.
Several research firms have recently weighed on the SNBR. TheStreet reduced Sleep Number’s share from a “b” rating to a “c +” rating in a research note on Friday, April 9. Stifel Nicolaus reiterated a “buy” note on Sleep Number shares in a research note on Tuesday, January 26. Piper Sandler raised her price target for the Sleep Number stock from $ 108.00 to $ 165.00 and rated the stock “overweight” in a research note on Thursday, February 25. UBS Group revalued the Sleep Number shares from a “sell” rating to a “neutral” rating and raised its share price target from $ 65.00 to $ 135.00 in a research note on Thursday, February 18. Finally, Wedbush raised its price target for the Sleep Number stock from $ 120.00 to $ 130.00 and rated the stock “neutral” in a research note on Thursday, February 18. Two analysts rated the stock with a sell rating, three issued a hold rating and two issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $ 112.20.
Similarly, EVP Melissa Barra sold 1,274 shares of the company in a trade that took place on Thursday, March 25. The shares were sold for an average price of $ 127.42, for a total value of $ 162,333.08. Following the closing of the sale, the Executive Vice President now owns 41,272 shares of the company, valued at $ 5,258,878.24. The sale was disclosed in a document filed with the SEC, accessible via the SEC website. In addition, CEO Shelly Radue Ibach sold 2,930 shares of the company in a transaction that took place on Thursday April 1. The shares were sold for an average price of $ 144.75, for a total transaction of $ 424,117.50. Disclosure of this sale can be found here. Insiders sold 36,574 shares of the company valued at $ 5,047,853 during the last quarter. 5.70% of the stock is currently held by corporate insiders.
Institutional investors recently changed their holdings of equities. Stifel Financial Corp increased its holdings of Sleep Number shares by 13.9% in the fourth quarter. Stifel Financial Corp now owns 15,483 shares of the company valued at $ 1,268,000 after purchasing an additional 1,888 shares in the last quarter. Kornitzer Capital Management Inc. KS acquired a new stake in Sleep Number shares in the fourth quarter valued at approximately $ 1,228,000. Teacher Retirement System of Texas acquired a new fourth quarter equity interest in Sleep Number valued at approximately $ 207,000. Citigroup Inc. increased its holdings of Sleep Number shares by 87.2% in the fourth quarter. Citigroup Inc. now owns 14,898 shares of the company valued at $ 1,220,000 after purchasing an additional 6,939 shares during the last quarter. Finally, Candriam Luxembourg SCA acquired a new stake in Sleep Number shares in the fourth quarter valued at approximately $ 2,107,000. 97.78% of the shares are held by institutional investors and hedge funds.
Actions of NASDAQ SNBR traded down $ 1.25 during midday Friday, reaching $ 100.72. The company had a trading volume of 370,952 shares, compared to its average volume of 396,423. The company’s 50-day simple moving average is $ 118.18 and its 200-day simple moving average is 105. $ 47. Sleep Number has a 12 month low of $ 30.43 and a 12 month high of $ 151.44. The company has a market cap of $ 2.46 billion, a P / E ratio of 16.88, a PEG ratio of 1.13 and a beta of 1.96.
About the sleep number
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 name Sleep Number. It also offers adjustable bases under the name FlextFit; temperature balancing products including DualTemp layer; SleepIQ Kids has children’s beds; and smart beds under the names Sleep Number 360 and 360.
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See “7 Outdoor Recreation Stocks for Growth and Dividends”.