FY2018 EPS Estimates for Sleep Number Reduced by Analyst (SNBR)

Sleep Number (NASDAQ:SNBR) – Analysts at KeyCorp decreased their FY2018 earnings per share estimates for Sleep Number in a research report issued on Wednesday, April 18th. KeyCorp analyst B. Thomas now expects that the company will post earnings of $1.90 per share for the year, down from their previous forecast of $1.99. KeyCorp also issued estimates for Sleep Number’s FY2019 earnings at $2.30 EPS.

Sleep Number (NASDAQ:SNBR) last posted its quarterly earnings data on Wednesday, April 18th. The company reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.04). Sleep Number had a return on equity of 74.14% and a net margin of 4.25%. The business had revenue of $389.00 million for the quarter, compared to analyst estimates of $396.68 million. During the same quarter in the prior year, the company earned $0.56 earnings per share. The company’s quarterly revenue was down 1.2% on a year-over-year basis.

A number of other research firms also recently commented on SNBR. Zacks Investment Research upgraded shares of Sleep Number from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Friday, January 5th. ValuEngine upgraded shares of Sleep Number from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. BidaskClub upgraded shares of Sleep Number from a “hold” rating to a “buy” rating in a research note on Thursday, February 15th. Stifel Nicolaus restated a “buy” rating and set a $47.00 price objective (up from $40.00) on shares of Sleep Number in a research note on Friday, February 16th. Finally, Raymond James downgraded shares of Sleep Number from an “outperform” rating to a “market perform” rating in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Sleep Number presently has a consensus rating of “Hold” and a consensus target price of $32.75.

Sleep Number stock opened at $30.25 on Friday. Sleep Number has a one year low of $28.23 and a one year high of $40.72. The stock has a market cap of $1,173.56, a PE ratio of 20.30, a price-to-earnings-growth ratio of 0.89 and a beta of 0.82.

Institutional investors have recently added to or reduced their stakes in the business. Meadow Creek Investment Management LLC bought a new position in Sleep Number in the 4th quarter valued at about $109,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Sleep Number in the 4th quarter valued at about $114,000. Fagan Associates Inc. bought a new position in Sleep Number in the 4th quarter valued at about $211,000. Meeder Asset Management Inc. bought a new position in Sleep Number in the 4th quarter valued at about $184,000. Finally, Elkfork Partners LLC bought a new position in Sleep Number in the 4th quarter valued at about $190,000.

In related news, SVP Mark A. Kimball sold 8,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $37.26, for a total value of $298,080.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Andrew P. Carlin sold 5,765 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $36.87, for a total transaction of $212,555.55. The disclosure for this sale can be found here. Insiders sold a total of 41,545 shares of company stock valued at $1,491,216 over the last quarter. 4.30% of the stock is currently owned by company insiders.

WARNING: “FY2018 EPS Estimates for Sleep Number Reduced by Analyst (SNBR)” was published by Ticker Report and is the property of of Ticker Report. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international copyright and trademark law. The legal version of this report can be viewed at https://www.tickerreport.com/banking-finance/3378200/fy2018-eps-estimates-for-sleep-number-reduced-by-analyst-snbr.html.

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.

Earnings History and Estimates for Sleep Number (NASDAQ:SNBR)

Receive News & Ratings for Sleep Number Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sleep Number and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

TopBuild  Hits New 52-Week High and Low at $84.52
TopBuild Hits New 52-Week High and Low at $84.52
Nu Skin Enterprises  Sets New 52-Week High and Low at $81.72
Nu Skin Enterprises Sets New 52-Week High and Low at $81.72
Jaguar Health  Shares Gap Down to $0.14
Jaguar Health Shares Gap Down to $0.14
ValuEngine Downgrades LG Display  to Strong Sell
ValuEngine Downgrades LG Display to Strong Sell
GTX  Upgraded at ValuEngine
GTX Upgraded at ValuEngine
Community Health Systems  Upgraded at ValuEngine
Community Health Systems Upgraded at ValuEngine


© 2006-2018 Ticker Report. Google+.