Zacks: Analysts Anticipate Select Comfort Corporation (SCSS) Will Announce Quarterly Sales of $415.08 Million
Equities analysts predict that Select Comfort Corporation (NASDAQ:SCSS) will report $415.08 million in sales for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Select Comfort Corporation’s earnings. The highest sales estimate is $423.70 million and the lowest is $407.50 million. Select Comfort Corporation posted sales of $367.99 million during the same quarter last year, which suggests a positive year-over-year growth rate of 12.8%. The business is expected to announce its next quarterly earnings report after the market closes on Tuesday, October 17th.
On average, analysts expect that Select Comfort Corporation will report full year sales of $415.08 million for the current fiscal year, with estimates ranging from $1.41 billion to $1.44 billion. For the next year, analysts expect that the company will post sales of $1.52 billion per share, with estimates ranging from $1.49 billion to $1.54 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Select Comfort Corporation.
Select Comfort Corporation (NASDAQ:SCSS) last posted its quarterly earnings data on Monday, July 17th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.07). Select Comfort Corporation had a net margin of 4.46% and a return on equity of 44.91%. The firm had revenue of $284.70 million during the quarter, compared to analysts’ expectations of $300.21 million. During the same period in the previous year, the company earned $0.03 earnings per share. The business’s quarterly revenue was up 2.8% on a year-over-year basis.
SCSS has been the topic of several recent research reports. Zacks Investment Research lowered shares of Select Comfort Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Stifel Nicolaus reiterated a “buy” rating and set a $36.00 target price (up from $32.00) on shares of Select Comfort Corporation in a research report on Tuesday, July 18th. Bank of America Corporation upgraded shares of Select Comfort Corporation from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $21.50 to $35.00 in a research report on Wednesday, July 19th. Piper Jaffray Companies reissued a “buy” rating and set a $38.00 price target on shares of Select Comfort Corporation in a report on Wednesday, July 19th. Finally, UBS AG reissued a “sell” rating and set a $17.00 price target (up from $16.00) on shares of Select Comfort Corporation in a report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. Select Comfort Corporation presently has an average rating of “Hold” and a consensus price target of $31.00.
In related news, Director Brenda J. Lauderback sold 18,500 shares of the business’s stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $32.65, for a total transaction of $604,025.00. Following the completion of the sale, the director now directly owns 41,790 shares of the company’s stock, valued at $1,364,443.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Mark A. Kimball sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $30.00, for a total transaction of $240,000.00. Following the sale, the senior vice president now directly owns 64,186 shares of the company’s stock, valued at $1,925,580. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,600 shares of company stock valued at $1,542,589. Insiders own 4.00% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of SCSS. Victory Capital Management Inc. bought a new stake in shares of Select Comfort Corporation during the first quarter worth approximately $107,000. Riverhead Capital Management LLC raised its stake in shares of Select Comfort Corporation by 75.7% during the second quarter. Riverhead Capital Management LLC now owns 3,865 shares of the company’s stock worth $137,000 after buying an additional 1,665 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Select Comfort Corporation by 395.9% during the second 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 during the last quarter. Flinton Capital Management LLC raised its stake in shares of Select Comfort Corporation by 75.6% during the second 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 during the last quarter. Finally, First Quadrant L P CA bought a new stake in shares of Select Comfort Corporation during the second quarter worth approximately $205,000.
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Shares of Select Comfort Corporation (NASDAQ:SCSS) traded up 0.66% during trading on Tuesday, hitting $30.63. 639,484 shares of the stock traded hands. The company has a market cap of $1.26 billion, a PE ratio of 22.36 and a beta of 0.65. Select Comfort Corporation has a one year low of $17.95 and a one year high of $36.74. The firm has a 50 day moving average price of $30.22 and a 200-day moving average price of $30.48.
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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