Wedbush Comments on Select Comfort Corp.’s Q4 2017 Earnings (SCSS)
Select Comfort Corp. (NASDAQ:SCSS) – Stock analysts at Wedbush decreased their Q4 2017 earnings estimates for shares of Select Comfort Corp. in a research report issued to clients and investors on Thursday. Wedbush analyst S. Basham now anticipates that the company will earn $0.16 per share for the quarter, down from their previous estimate of $0.17. Wedbush currently has a “Neutral” rating and a $20.00 price target on the stock. Wedbush also issued estimates for Select Comfort Corp.’s Q1 2018 earnings at $0.64 EPS, Q2 2018 earnings at $0.12 EPS, Q3 2018 earnings at $0.72 EPS, Q4 2018 earnings at $0.22 EPS, FY2018 earnings at $1.72 EPS and FY2019 earnings at $2.15 EPS.
Select Comfort Corp. (NASDAQ:SCSS) last issued its quarterly earnings results on Wednesday, April 19th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.10. Select Comfort Corp. had a return on equity of 29.47% and a net margin of 3.92%. The firm earned $393.90 million during the quarter, compared to analyst estimates of $370.03 million. During the same period last year, the company earned $0.27 EPS. Select Comfort Corp.’s quarterly revenue was up 11.6% compared to the same quarter last year. ILLEGAL ACTIVITY WARNING: This story was first reported by American Banking News and is the property of of American Banking News. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of US & international copyright legislation. The correct version of this story can be read at https://www.americanbankingnews.com/2017/04/21/wedbush-comments-on-select-comfort-corp-s-q4-2017-earnings-scss.html.
Other analysts have also recently issued reports about the company. Piper Jaffray Companies set a $32.00 price objective on Select Comfort Corp. and gave the company a “buy” rating in a research note on Thursday. Zacks Investment Research upgraded Select Comfort Corp. from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 12th. Raymond James Financial, Inc. cut Select Comfort Corp. from a “strong-buy” rating to a “market perform” rating in a research note on Tuesday, April 11th. Finally, Citigroup Inc cut Select Comfort Corp. from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $24.00.
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Shares of Select Comfort Corp. (NASDAQ:SCSS) traded down 3.541% during midday trading on Friday, hitting $32.005. The company had a trading volume of 3,257,772 shares. Select Comfort Corp. has a 12 month low of $17.95 and a 12 month high of $33.29. The company has a 50-day moving average of $24.70 and a 200-day moving average of $22.37. The company has a market capitalization of $1.37 billion, a PE ratio of 29.095 and a beta of 0.69.
Several hedge funds have recently made changes to their positions in SCSS. US Bancorp DE raised its position in Select Comfort Corp. by 204.3% in the third quarter. US Bancorp DE now owns 4,628 shares of the company’s stock valued at $100,000 after buying an additional 3,107 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in Select Comfort Corp. by 2,162.0% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 158,340 shares of the company’s stock valued at $158,000 after buying an additional 151,340 shares during the period. Municipal Employees Retirement System of Michigan raised its position in Select Comfort Corp. by 1.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 10,360 shares of the company’s stock valued at $224,000 after buying an additional 180 shares during the period. Aperio Group LLC raised its position in Select Comfort Corp. by 1.2% in the third quarter. Aperio Group LLC now owns 11,578 shares of the company’s stock valued at $250,000 after buying an additional 138 shares during the period. Finally, Fox Run Management L.L.C. acquired a new position in Select Comfort Corp. during the first quarter valued at approximately $255,000.
In other news, Director Brenda J. Lauderback sold 8,500 shares of the stock in a transaction on Thursday, February 16th. The stock was sold at an average price of $22.51, for a total value of $191,335.00. Following the sale, the director now directly owns 40,742 shares in the company, valued at $917,102.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.70% of the stock is currently owned by company insiders.
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 offers consumers individualized sleep solutions and services, which include a complete line of Sleep Number beds, bases and bedding accessories. Its Sleep Number bed offers SleepIQ technology sensors that work directly with the bed’s DualAir technology to track each individual’s sleep.
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