Sleep Country Canada Holdings Inc (TSE:ZZZ) announced a quarterly dividend on Friday, May 17th, TickerTech reports. Stockholders of record on Friday, May 31st will be given a dividend of 0.195 per share on Friday, May 31st. This represents a $0.78 annualized dividend and a dividend yield of 3.99%. The ex-dividend date of this dividend is Friday, May 17th. This is a positive change from Sleep Country Canada’s previous quarterly dividend of $0.19.
TSE ZZZ opened at C$19.54 on Thursday. The company has a debt-to-equity ratio of 167.76, a current ratio of 1.03 and a quick ratio of 0.29. The company has a market cap of $721.02 million and a P/E ratio of 12.29. Sleep Country Canada has a 52 week low of C$16.01 and a 52 week high of C$35.13.
Sleep Country Canada (TSE:ZZZ) last posted its quarterly earnings data on Tuesday, February 26th. The company reported C$0.40 EPS for the quarter, missing the consensus estimate of C$0.42 by C($0.02). The company had revenue of C$160.10 million for the quarter, compared to analysts’ expectations of C$162.90 million. Research analysts forecast that Sleep Country Canada will post 2 earnings per share for the current fiscal year.
Several research analysts recently commented on the stock. CIBC reduced their price objective on shares of Sleep Country Canada from C$21.00 to C$20.00 in a research note on Wednesday, May 8th. Raymond James set a C$30.00 price objective on shares of Sleep Country Canada and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. BMO Capital Markets reduced their price objective on shares of Sleep Country Canada from C$25.00 to C$21.00 in a research note on Wednesday, May 8th. Royal Bank of Canada reduced their price objective on shares of Sleep Country Canada from C$27.00 to C$23.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. Finally, National Bank Financial reduced their price objective on shares of Sleep Country Canada from C$24.00 to C$22.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 1st. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of C$24.19.
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About Sleep Country Canada
Sleep Country Canada Holdings Inc, together with its subsidiaries, engages in retailing mattress and bedding related products in Canada. The company offers a range of mattresses, adjustable lifestyle bases, box spring bases, pillows, duvets, sheets, headboards, footboards, frames, mattress and pillow protectors, platforms, and other sleep accessories.
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