Research Analysts Issue Forecasts for Sleep Number Corp’s Q2 2018 Earnings (SNBR)

Sleep Number Corp (NASDAQ:SNBR) – Stock analysts at KeyCorp issued their Q2 2018 earnings per share (EPS) estimates for Sleep Number in a note issued to investors on Thursday. KeyCorp analyst B. Thomas forecasts that the company will post earnings of $0.06 per share for the quarter. KeyCorp also issued estimates for Sleep Number’s Q3 2018 earnings at $0.90 EPS and FY2019 earnings at $2.45 EPS.

Sleep Number (NASDAQ:SNBR) last released its quarterly earnings data on Thursday, February 15th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.13. The firm had revenue of $363.28 million during the quarter, compared to analyst estimates of $331.72 million. Sleep Number had a return on equity of 61.21% and a net margin of 4.51%. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.25 earnings per share.

Other equities analysts have also issued research reports about the company. BidaskClub lowered Sleep Number from a “buy” rating to a “hold” rating in a research note on Monday, February 5th. Zacks Investment Research lowered Sleep Number from a “hold” rating to a “sell” rating in a research note on Wednesday, December 20th. ValuEngine raised Sleep Number from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Stifel Nicolaus reissued a “buy” rating and set a $47.00 price target (up from $40.00) on shares of Sleep Number in a research note on Friday, February 16th. Finally, Bank of America lowered Sleep Number from a “neutral” rating to an “underperform” rating in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $34.00.

Sleep Number (SNBR) opened at $35.37 on Monday. The firm has a market capitalization of $1,348.36, a PE ratio of 21.58, a PEG ratio of 0.99 and a beta of 0.74. Sleep Number has a one year low of $21.52 and a one year high of $40.72.

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in Sleep Number during the fourth quarter valued at approximately $188,325,000. Vulcan Value Partners LLC purchased a new stake in Sleep Number during the fourth quarter valued at approximately $156,698,000. Vanguard Group Inc. raised its position in Sleep Number by 3.6% during the second quarter. Vanguard Group Inc. now owns 4,093,883 shares of the company’s stock valued at $145,291,000 after purchasing an additional 140,801 shares during the period. Disciplined Growth Investors Inc. MN purchased a new stake in Sleep Number during the third quarter valued at approximately $114,107,000. Finally, Alliancebernstein L.P. purchased a new stake in Sleep Number during the fourth quarter valued at approximately $59,928,000.

In related news, SVP Mark A. Kimball sold 8,000 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $34.99, for a total transaction of $279,920.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders have sold 24,000 shares of company stock valued at $884,800. 4.00% of the stock is owned by corporate insiders.

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Sleep Number Company Profile

Sleep Number Corporation, formerly Select Comfort Corporation, is a designer, manufacturer, marketer, retailer and servicer of a line of Sleep Number beds. The Company offers consumers individualized sleep solutions and services, which include a complete line of Sleep Number beds, bases and bedding accessories.

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