Select Comfort Corporation (SCSS) Earning Somewhat Positive News Coverage, Report Finds
Press coverage about Select Comfort Corporation (NASDAQ:SCSS) has been trending somewhat positive on Monday, Accern Sentiment reports. The research group ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Select Comfort Corporation earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned news articles about the company an impact score of 44.7289491996591 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Select Comfort Corporation (NASDAQ SCSS) traded down 2.86% on Monday, hitting $28.49. 824,927 shares of the stock were exchanged. Select Comfort Corporation has a 12 month low of $17.95 and a 12 month high of $36.74. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 20.80 and a beta of 0.67. The company has a 50-day moving average of $31.65 and a 200-day moving average of $29.40.
Select Comfort Corporation (NASDAQ:SCSS) last announced its earnings results on Monday, July 17th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by $0.07. The business had revenue of $284.70 million for the quarter, compared to the consensus estimate of $300.21 million. Select Comfort Corporation had a net margin of 4.46% and a return on equity of 44.91%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.03 earnings per share. On average, equities analysts predict that Select Comfort Corporation will post $1.38 EPS for the current year.
A number of equities research analysts have issued reports on SCSS shares. Wedbush reaffirmed a “neutral” rating and issued a $25.00 price objective on shares of Select Comfort Corporation in a research report on Thursday, June 1st. Piper Jaffray Companies set a $37.00 price objective on shares of Select Comfort Corporation and gave the stock a “buy” rating in a research report on Saturday, June 10th. BidaskClub raised shares of Select Comfort Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Zacks Investment Research downgraded shares of Select Comfort Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $36.00 price objective (up from $32.00) on shares of Select Comfort Corporation in a research report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. Select Comfort Corporation has a consensus rating of “Hold” and a consensus price target of $31.33.
In other Select Comfort Corporation news, SVP Mark A. Kimball sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $30.00, for a total value of $240,000.00. Following the completion of the transaction, the senior vice president now directly owns 64,186 shares in the company, valued at $1,925,580. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Brenda J. Lauderback sold 18,500 shares of the company’s stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $32.65, for a total transaction of $604,025.00. Following the completion of the transaction, the director now owns 41,790 shares of the company’s stock, valued at $1,364,443.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,600 shares of company stock valued at $1,286,029. Company insiders own 4.00% of the company’s stock.
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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