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.
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.
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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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