Select Comfort Corporation (SCSS) to Post Q3 2017 Earnings of $0.63 Per Share, KeyCorp Forecasts
Select Comfort Corporation (NASDAQ:SCSS) – Equities researchers at KeyCorp cut their Q3 2017 earnings estimates for shares of Select Comfort Corporation in a research note issued to investors on Wednesday. KeyCorp analyst B. Thomas now anticipates that the company will post earnings of $0.63 per share for the quarter, down from their previous estimate of $0.65. KeyCorp also issued estimates for Select Comfort Corporation’s FY2017 earnings at $1.47 EPS and FY2018 earnings at $1.74 EPS.
Select Comfort Corporation (NASDAQ:SCSS) last released its earnings results on Wednesday, April 19th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.10. The business had revenue of $393.90 million for the quarter, compared to analyst estimates of $370.03 million. Select Comfort Corporation had a return on equity of 39.03% and a net margin of 4.65%. Select Comfort Corporation’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.27 earnings per share.
Several other brokerages also recently commented on SCSS. Piper Jaffray Companies set a $32.00 price objective on shares of Select Comfort Corporation and gave the company a “buy” rating in a research note on Thursday, April 20th. Citigroup Inc. cut shares of Select Comfort Corporation from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 11th. BidaskClub upgraded shares of Select Comfort Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Bank of America Corporation reiterated an “underperform” rating and set a $21.50 price target on shares of Select Comfort Corporation in a report on Saturday, April 22nd. Finally, Zacks Investment Research upgraded shares of Select Comfort Corporation from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Saturday, April 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Select Comfort Corporation presently has a consensus rating of “Hold” and an average target price of $30.50.
Select Comfort Corporation (NASDAQ SCSS) opened at 30.56 on Monday. The firm has a market cap of $1.27 billion, a P/E ratio of 22.18 and a beta of 0.69. The stock has a 50 day moving average price of $30.81 and a 200 day moving average price of $25.81. Select Comfort Corporation has a 52-week low of $17.95 and a 52-week high of $36.74.
Large investors have recently bought and sold shares of the stock. Victory Capital Management Inc. acquired a new stake in Select Comfort Corporation during the first quarter valued at approximately $107,000. Schmidt P J Investment Management Inc. acquired a new stake in Select Comfort Corporation during the first quarter valued at approximately $201,000. Karp Capital Management Corp purchased a new position in shares of Select Comfort Corporation during the first quarter worth about $249,000. Mason Street Advisors LLC increased its position in shares of Select Comfort Corporation by 2.3% in the first quarter. Mason Street Advisors LLC now owns 10,043 shares of the company’s stock worth $249,000 after buying an additional 223 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in shares of Select Comfort Corporation during the first quarter worth about $255,000. Institutional investors and hedge funds own 99.76% of the company’s stock.
In related news, Director Brenda J. Lauderback sold 1,372 shares of Select Comfort Corporation stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $29.55, for a total transaction of $40,542.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Joseph Hunter Saklad sold 8,850 shares of Select Comfort Corporation stock in a transaction dated Tuesday, April 25th. The shares were sold at an average price of $30.69, for a total transaction of $271,606.50. Following the sale, the senior vice president now owns 39,675 shares of the company’s stock, valued at approximately $1,217,625.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 181,076 shares of company stock valued at $5,690,607. 4.00% of the stock is owned by corporate insiders.
About Select Comfort Corporation
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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