Select Comfort Corp. (SCSS) Updates FY17 Earnings Guidance
Select Comfort Corp. (NASDAQ:SCSS) updated its FY17 earnings guidance on Wednesday. The company provided earnings per share guidance of $1.25-$1.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.32.
Several equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Select Comfort Corp. from a strong sell rating to a hold rating in a report on Wednesday, April 12th. Raymond James Financial, Inc. lowered shares of Select Comfort Corp. from a strong-buy rating to a market perform rating in a report on Tuesday, April 11th. Wedbush reissued a neutral rating and issued a $20.00 price target (down previously from $22.00) on shares of Select Comfort Corp. in a report on Thursday, February 9th. Finally, Citigroup Inc lowered shares of Select Comfort Corp. from an outperform rating to a market perform rating in a report on Tuesday, April 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. Select Comfort Corp. presently has a consensus rating of Hold and an average target price of $23.75.
Select Comfort Corp. (NASDAQ:SCSS) traded up 3.36% during midday trading on Wednesday, hitting $25.87. 2,000,024 shares of the stock were exchanged. Select Comfort Corp. has a one year low of $17.95 and a one year high of $28.34. The stock has a market cap of $1.11 billion, a P/E ratio of 23.52 and a beta of 0.69. The firm has a 50-day moving average price of $24.37 and a 200-day moving average price of $22.26.
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Select Comfort Corp. (NASDAQ:SCSS) last posted its quarterly earnings results on Wednesday, February 8th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.32 by $0.07. The business earned $313.44 million during the quarter, compared to analysts’ expectations of $314.98 million. Select Comfort Corp. had a net margin of 3.92% and a return on equity of 29.47%. The firm’s quarterly revenue was up 46.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.01 EPS. On average, equities research analysts anticipate that Select Comfort Corp. will post $1.31 EPS for the current fiscal year.
In other Select Comfort Corp. news, Director Brenda J. Lauderback sold 8,500 shares of Select Comfort Corp. stock in a transaction dated Thursday, February 16th. The stock was sold at an average price of $22.51, for a total value of $191,335.00. Following the completion of the sale, the director now owns 40,742 shares in the company, valued at approximately $917,102.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.70% of the stock is owned by insiders.
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Select Comfort Corp. Company Profile
Select Comfort Corporation is a designer, manufacturer, marketer, retailer and servicer of a line of Sleep Number beds. The Company’s Sleep Number bed offers SleepIQ technology sensors that work directly with the bed’s DualAir technology to monitor each individual’s sleep. The Company also offers a line of sleep products, including FlextFit adjustable base technology and Sleep Number pillows, sheets and other bedding products.
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