Sleep Number (SNBR) Updates FY18 Earnings Guidance

Sleep Number (NASDAQ:SNBR) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.70-2.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.90.

Shares of Sleep Number (NASDAQ SNBR) opened at $34.74 on Friday. Sleep Number has a 52 week low of $21.52 and a 52 week high of $40.72. The company has a market cap of $1,463.35, a P/E ratio of 22.83, a PEG ratio of 1.06 and a beta of 0.74.

Sleep Number (NASDAQ:SNBR) last released its quarterly earnings results on Thursday, February 15th. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.13. Sleep Number had a net margin of 4.51% and a return on equity of 57.51%. The business had revenue of $363.28 million for the quarter, compared to analysts’ expectations of $331.72 million. During the same period in the prior year, the firm earned $0.25 earnings per share. Sleep Number’s revenue was up 15.9% compared to the same quarter last year. equities analysts anticipate that Sleep Number will post 1.86 EPS for the current fiscal year.

SNBR has been the topic of several research analyst reports. Bank of America cut shares of Sleep Number from a neutral rating to an underperform rating in a research note on Friday, November 3rd. Zacks Investment Research cut shares of Sleep Number from a hold rating to a sell rating in a research note on Wednesday, December 20th. ValuEngine raised shares of Sleep Number from a hold rating to a buy rating in a research note on Friday, February 2nd. BidaskClub cut shares of Sleep Number from a buy rating to a hold rating in a research note on Monday, February 5th. Finally, Stifel Nicolaus reaffirmed a buy rating and issued a $47.00 price objective (up from $40.00) on shares of Sleep Number in a research note on Friday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $34.00.

In other Sleep Number news, SVP Mark A. Kimball sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $38.35, for a total value of $306,800.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 24,000 shares of company stock worth $884,800. Insiders own 4.00% of the company’s stock.

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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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