Select Comfort Corporation (SCSS) Updates FY17 Earnings Guidance
Select Comfort Corporation (NASDAQ:SCSS) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.30-1.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.39.
Several analysts have commented on SCSS shares. Piper Jaffray Companies set a $38.00 target price on shares of Select Comfort Corporation and gave the stock a buy rating in a research note on Wednesday, October 11th. Raymond James Financial, Inc. raised shares of Select Comfort Corporation from a market perform rating to an outperform rating and set a $35.00 target price for the company in a research note on Monday, October 2nd. KeyCorp reaffirmed a hold rating on shares of Select Comfort Corporation in a research note on Friday, September 29th. Stifel Nicolaus reaffirmed a buy rating and issued a $36.00 target price on shares of Select Comfort Corporation in a research note on Thursday, September 7th. Finally, BidaskClub cut shares of Select Comfort Corporation from a buy rating to a hold rating in a research note on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. Select Comfort Corporation has an average rating of Hold and a consensus price target of $31.00.
Select Comfort Corporation (NASDAQ:SCSS) traded down 0.56% during mid-day trading on Tuesday, reaching $30.38. 1,531,243 shares of the company’s stock traded hands. Select Comfort Corporation has a 52-week low of $17.95 and a 52-week high of $36.74. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 22.18 and a beta of 0.65. The company has a 50-day moving average of $30.22 and a 200-day moving average of $30.57.
Select Comfort Corporation (NASDAQ:SCSS) last issued its quarterly earnings results on Tuesday, October 17th. The company reported $0.62 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.06). The firm had revenue of $402.64 million during the quarter, compared to analysts’ expectations of $413.89 million. Select Comfort Corporation had a net margin of 4.46% and a return on equity of 44.91%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.56 EPS. Equities research analysts expect that Select Comfort Corporation will post $1.39 EPS for the current year.
In other Select Comfort Corporation news, Director Brenda J. Lauderback sold 18,500 shares of the stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $32.65, for a total value of $604,025.00. Following the completion of the sale, the director now owns 41,790 shares in the company, valued at approximately $1,364,443.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Mark A. Kimball sold 8,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $34.06, for a total transaction of $272,480.00. Following the completion of the sale, the senior vice president now owns 72,186 shares of the company’s stock, valued at approximately $2,458,655.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,600 shares of company stock valued at $1,542,589. 4.00% of the stock is owned by insiders.
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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