Equities analysts predict that Select Comfort Corporation (NASDAQ:SCSS) will post $0.20 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Select Comfort Corporation’s earnings. The lowest EPS estimate is $0.17 and the highest is $0.22. Select Comfort Corporation posted earnings per share of $0.25 in the same quarter last year, which would suggest a negative year over year growth rate of 20%. The firm is expected to issue its next quarterly earnings results on Wednesday, February 14th.

On average, analysts expect that Select Comfort Corporation will report full-year earnings of $1.37 per share for the current year, with EPS estimates ranging from $1.35 to $1.39. For the next year, analysts forecast that the business will report earnings of $1.72 per share, with EPS estimates ranging from $1.60 to $1.90. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Select Comfort Corporation.

Select Comfort Corporation (NASDAQ:SCSS) last announced its earnings results on Tuesday, October 17th. The company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.06). The company had revenue of $402.64 million for the quarter, compared to analysts’ expectations of $413.89 million. Select Comfort Corporation had a net margin of 4.34% and a return on equity of 51.12%. Select Comfort Corporation’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.56 earnings per share.

SCSS has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Select Comfort Corporation from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Bank of America Corporation set a $33.00 price target on shares of Select Comfort Corporation and gave the stock a “hold” rating in a report on Wednesday, October 18th. BidaskClub cut shares of Select Comfort Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. KeyCorp reaffirmed a “hold” rating on shares of Select Comfort Corporation in a report on Friday, September 29th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $36.00 price target on shares of Select Comfort Corporation in a report on Thursday, September 7th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $30.67.

Shares of Select Comfort Corporation (NASDAQ:SCSS) opened at 34.00 on Friday. The firm’s 50-day moving average is $30.80 and its 200-day moving average is $30.97. Select Comfort Corporation has a 52 week low of $18.44 and a 52 week high of $36.74. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 24.25 and a beta of 0.65.

Select Comfort Corporation announced that its board has approved a stock buyback plan on Tuesday, October 17th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

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In related news, SVP Mark A. Kimball sold 8,000 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $30.00, for a total transaction of $240,000.00. Following the sale, the senior vice president now owns 64,186 shares in the company, valued at $1,925,580. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Michael A. Peel sold 3,000 shares of the firm’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $33.80, for a total transaction of $101,400.00. Following the sale, the director now owns 80,412 shares in the company, valued at approximately $2,717,925.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,100 shares of company stock worth $1,039,964. 4.00% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of Select Comfort Corporation by 0.6% in the second quarter. BlackRock Inc. now owns 5,199,396 shares of the company’s stock valued at $184,526,000 after purchasing an additional 32,977 shares during the period. Vanguard Group Inc. grew its position in shares of Select Comfort Corporation by 3.6% in the second quarter. Vanguard Group Inc. now owns 4,093,883 shares of the company’s stock valued at $145,291,000 after purchasing an additional 140,801 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Select Comfort Corporation in the second quarter valued at about $56,857,000. Arrowstreet Capital Limited Partnership grew its position in shares of Select Comfort Corporation by 856.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,065,008 shares of the company’s stock valued at $37,797,000 after purchasing an additional 953,666 shares during the period. Finally, State Street Corp grew its position in shares of Select Comfort Corporation by 5.5% in the first quarter. State Street Corp now owns 1,055,668 shares of the company’s stock valued at $26,169,000 after purchasing an additional 55,478 shares during the period.

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

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