Sleep Number (NASDAQ:SNBR) announced its earnings results on Wednesday. The company reported $1.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.73, Briefing.com reports. Sleep Number had a negative return on equity of 48.94% and a net margin of 4.70%. The business had revenue of $531.16 million for the quarter, compared to analysts’ expectations of $515.82 million. During the same period in the prior year, the business posted $0.94 earnings per share. The firm’s revenue was up 11.9% on a year-over-year basis. Sleep Number updated its FY 2020
After-Hours guidance to 4.00-4.00 EPS and its FY20 guidance to $4.00 EPS.
Shares of Sleep Number stock traded up $5.53 on Thursday, reaching $63.70. 41,497 shares of the company’s stock were exchanged, compared to its average volume of 537,910. The company has a market capitalization of $1.61 billion, a P/E ratio of 23.86, a price-to-earnings-growth ratio of 1.60 and a beta of 2.22. Sleep Number has a 52 week low of $15.27 and a 52 week high of $61.40. The firm’s 50-day moving average is $49.02 and its two-hundred day moving average is $39.88.
Several analysts recently commented on the company. Zacks Investment Research cut Sleep Number from a “strong-buy” rating to a “sell” rating in a report on Wednesday, September 16th. ValuEngine upgraded Sleep Number from a “sell” rating to a “hold” rating in a report on Friday, October 2nd. TheStreet cut Sleep Number from a “b-” rating to a “c+” rating in a report on Tuesday, September 8th. Raymond James restated a “hold” rating on shares of Sleep Number in a report on Thursday, July 16th. Finally, Piper Sandler restated an “overweight” rating and set a $80.00 price target (up from $70.00) on shares of Sleep Number in a report on Thursday. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $48.14.
Sleep Number Corporation, together with its subsidiaries, provides sleep solutions and services in the United States. It designs, manufactures, markets, retails, and services beds, bases, and bedding accessories under the Sleep Number name. The company also offers adjustable bases under the FlextFit name; and pillows, temperature-balancing products, beds for kids, sheets, and other bedding products under the Sleep Number name.
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