Wall Street brokerages expect Sleep Number Corp (NASDAQ:SNBR) to report $331.14 million in sales for the current quarter, according to Zacks. Five analysts have provided estimates for Sleep Number’s earnings, with the lowest sales estimate coming in at $326.20 million and the highest estimate coming in at $335.40 million. Sleep Number posted sales of $313.45 million during the same quarter last year, which suggests a positive year over year growth rate of 5.6%. The business is expected to report its next quarterly earnings report on Wednesday, February 14th.
On average, analysts expect that Sleep Number will report full-year sales of $331.14 million for the current year, with estimates ranging from $1.41 billion to $1.42 billion. For the next fiscal year, analysts expect that the firm will report sales of $1.51 billion per share, with estimates ranging from $1.49 billion to $1.54 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Sleep Number.
Sleep Number (NASDAQ:SNBR) last issued its quarterly earnings data on Tuesday, October 17th. The company reported $0.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.06). The company had revenue of $402.64 million for the quarter, compared to the consensus estimate of $413.89 million. Sleep Number had a net margin of 4.34% and a return on equity of 51.12%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the company earned $0.56 EPS.
Sleep Number (SNBR) opened at $37.62 on Friday. Sleep Number has a 52-week low of $18.89 and a 52-week high of $38.85. The firm has a market cap of $1,500.00, a P/E ratio of 26.68, a price-to-earnings-growth ratio of 1.52 and a beta of 0.61.
In other news, SVP Patricia Ann Dirks sold 1,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $34.75, for a total value of $34,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Mark A. Kimball sold 8,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $32.07, for a total transaction of $256,560.00. Following the completion of the sale, the senior vice president now owns 56,186 shares of the company’s stock, valued at approximately $1,801,885.02. The disclosure for this sale can be found here. Insiders have sold a total of 36,560 shares of company stock valued at $1,224,334 in the last quarter. 4.00% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the company. Disciplined Growth Investors Inc. MN purchased a new stake in Sleep Number during the 3rd quarter worth approximately $114,107,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Sleep Number by 856.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,065,008 shares of the company’s stock valued at $37,797,000 after acquiring an additional 953,666 shares during the last quarter. Old Mutual Global Investors UK Ltd. boosted its holdings in shares of Sleep Number by 768.3% in the 2nd quarter. Old Mutual Global Investors UK Ltd. now owns 298,048 shares of the company’s stock valued at $10,577,000 after acquiring an additional 263,723 shares during the last quarter. Quantitative Investment Management LLC purchased a new stake in shares of Sleep Number in the 2nd quarter valued at $5,983,000. Finally, Teachers Advisors LLC boosted its holdings in shares of Sleep Number by 116.7% in the 2nd quarter. Teachers Advisors LLC now owns 282,162 shares of the company’s stock valued at $10,014,000 after acquiring an additional 151,952 shares during the last quarter.
COPYRIGHT VIOLATION WARNING: This story was originally reported by Community Financial News and is owned by of Community Financial News. If you are viewing this story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this story can be viewed at https://www.com-unik.info/2017/12/23/331-14-million-in-sales-expected-for-sleep-number-corp-snbr-this-quarter.html.
About Sleep Number
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.