Wall Street analysts expect Sleep Number Corp (NASDAQ:SNBR) to post $331.14 million in sales for the current quarter, Zacks reports. Five analysts have made estimates for Sleep Number’s earnings. The lowest sales estimate is $326.20 million and the highest is $335.40 million. Sleep Number reported sales of $313.45 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.6%. The company is expected to issue its next quarterly earnings report after the market closes on Thursday, February 15th.
According to Zacks, analysts expect that Sleep Number will report full-year sales of $331.14 million for the current financial year, with estimates ranging from $1.41 billion to $1.42 billion. For the next financial year, analysts anticipate that the business will report sales of $1.51 billion per share, with estimates ranging from $1.49 billion to $1.54 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Sleep Number.
Several equities analysts have recently commented on the company. BidaskClub lowered Sleep Number from a “buy” rating to a “hold” rating in a report on Monday, February 5th. ValuEngine raised Sleep Number from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research raised Sleep Number from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a report on Friday, January 5th. Finally, Bank of America lowered Sleep Number from a “neutral” rating to an “underperform” rating in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. Sleep Number currently has an average rating of “Hold” and a consensus target price of $32.43.
Hedge funds have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Sleep Number in the 4th quarter worth approximately $114,000. PNC Financial Services Group Inc. grew its holdings in Sleep Number by 395.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,913 shares of the company’s stock worth $139,000 after buying an additional 3,124 shares in the last quarter. Flinton Capital Management LLC grew its holdings in Sleep Number by 75.6% in the 2nd quarter. Flinton Capital Management LLC now owns 4,228 shares of the company’s stock worth $150,000 after buying an additional 1,820 shares in the last quarter. Meeder Asset Management Inc. bought a new position in Sleep Number in the 4th quarter worth approximately $184,000. Finally, LS Investment Advisors LLC bought a new position in Sleep Number in the 4th quarter worth approximately $201,000.
Shares of Sleep Number (NASDAQ:SNBR) opened at $35.17 on Monday. The firm has a market capitalization of $1,400.43, a PE ratio of 24.94, a P/E/G ratio of 0.92 and a beta of 0.74. Sleep Number has a fifty-two week low of $20.74 and a fifty-two week high of $40.72.
COPYRIGHT VIOLATION NOTICE: “$331.14 Million in Sales Expected for Sleep Number Corp (SNBR) This Quarter” was first reported by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2018/02/12/331-14-million-in-sales-expected-for-sleep-number-corp-snbr-this-quarter.html.
Sleep Number Company Profile
Sleep Number Corporation, formerly 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Sleep Number Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sleep Number and related companies with MarketBeat.com's FREE daily email newsletter.