Wall Street analysts forecast that Select Comfort Corporation (NASDAQ:SCSS) will announce sales of $417.22 million for the current quarter, Zacks reports. Five analysts have issued estimates for Select Comfort Corporation’s earnings. The lowest sales estimate is $407.50 million and the highest is $425.70 million. Select Comfort Corporation reported sales of $367.99 million during the same quarter last year, which indicates a positive year-over-year growth rate of 13.4%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, October 18th.

According to Zacks, analysts expect that Select Comfort Corporation will report full-year sales of $417.22 million for the current fiscal year, with estimates ranging from $1.41 billion to $1.44 billion. For the next fiscal year, analysts forecast that the firm will post sales of $1.51 billion per share, with estimates ranging from $1.49 billion to $1.55 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Select Comfort Corporation.

Select Comfort Corporation (NASDAQ:SCSS) last announced its earnings results on Monday, July 17th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.05 by $0.07. The business had revenue of $284.70 million during the quarter, compared to analyst estimates of $300.21 million. Select Comfort Corporation had a return on equity of 44.91% and a net margin of 4.46%. The firm’s revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.03 earnings per share.

A number of analysts have weighed in on SCSS shares. Zacks Investment Research upgraded shares of Select Comfort Corporation from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Saturday, April 22nd. Wedbush restated a “neutral” rating and issued a $25.00 target price on shares of Select Comfort Corporation in a research report on Thursday, June 1st. Stifel Nicolaus restated a “buy” rating and issued a $36.00 target price (up previously from $32.00) on shares of Select Comfort Corporation in a research report on Tuesday, July 18th. UBS AG restated a “sell” rating and issued a $17.00 target price (up previously from $16.00) on shares of Select Comfort Corporation in a research report on Friday, July 21st. Finally, Piper Jaffray Companies set a $32.00 target price on shares of Select Comfort Corporation and gave the company a “buy” rating in a research report on Thursday, April 20th. One analyst has rated the stock with a sell rating, five have given 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 $31.33.

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Select Comfort Corporation (NASDAQ:SCSS) opened at 33.08 on Tuesday. Select Comfort Corporation has a one year low of $17.95 and a one year high of $36.74. The stock has a 50 day moving average price of $32.72 and a 200 day moving average price of $28.19. The firm has a market capitalization of $1.36 billion, a P/E ratio of 24.15 and a beta of 0.67.

In other news, SVP Joseph Hunter Saklad sold 5,100 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $33.24, for a total transaction of $169,524.00. Following the completion of the transaction, the senior vice president now owns 39,550 shares of the company’s stock, valued at $1,314,642. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brenda J. Lauderback sold 18,500 shares of the firm’s stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $32.65, for a total transaction of $604,025.00. Following the transaction, the director now directly owns 41,790 shares of the company’s stock, valued at approximately $1,364,443.50. The disclosure for this sale can be found here. Insiders have sold 32,972 shares of company stock valued at $1,086,572 in the last ninety days. Insiders own 4.00% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in SCSS. Victory Capital Management Inc. acquired a new position in Select Comfort Corporation during the first quarter valued at about $107,000. Riverhead Capital Management LLC increased its position in Select Comfort Corporation by 75.7% in the second quarter. Riverhead Capital Management LLC now owns 3,865 shares of the company’s stock valued at $137,000 after buying an additional 1,665 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Select Comfort Corporation by 395.9% in the second quarter. PNC Financial Services Group Inc. now owns 3,913 shares of the company’s stock valued at $139,000 after buying an additional 3,124 shares during the last quarter. Flinton Capital Management LLC increased its position in Select Comfort Corporation by 75.6% in the second quarter. Flinton Capital Management LLC now owns 4,228 shares of the company’s stock valued at $150,000 after buying an additional 1,820 shares during the last quarter. Finally, Schmidt P J Investment Management Inc. acquired a new position in Select Comfort Corporation during the first quarter valued at about $201,000. 99.76% of the stock is owned by hedge funds and other institutional investors.

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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Earnings History and Estimates for Select Comfort Corporation (NASDAQ:SCSS)

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