Wall Street analysts expect Sleep Number Corp (NASDAQ:SNBR) to report $337.43 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Sleep Number’s earnings, with the lowest sales estimate coming in at $324.60 million and the highest estimate coming in at $345.03 million. Sleep Number reported sales of $316.34 million during the same quarter last year, which indicates a positive year-over-year growth rate of 6.7%. The company is expected to announce its next quarterly earnings report on Wednesday, July 24th.

According to Zacks, analysts expect that Sleep Number will report full-year sales of $1.65 billion for the current year, with estimates ranging from $1.65 billion to $1.66 billion. For the next fiscal year, analysts expect that the company will post sales of $1.76 billion, with estimates ranging from $1.73 billion to $1.79 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Sleep Number.

Sleep Number (NASDAQ:SNBR) last announced its quarterly earnings data on Wednesday, April 17th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.73 by $0.07. The firm had revenue of $426.45 million for the quarter, compared to analyst estimates of $427.53 million. Sleep Number had a negative return on equity of 178.70% and a net margin of 4.54%. The company’s revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.52 EPS.

SNBR has been the subject of several analyst reports. BidaskClub upgraded Sleep Number from a “hold” rating to a “buy” rating in a report on Friday, January 11th. Barclays initiated coverage on Sleep Number in a report on Monday, January 28th. They set an “equal weight” rating and a $36.00 target price for the company. Zacks Investment Research cut Sleep Number from a “buy” rating to a “hold” rating in a report on Wednesday. Piper Jaffray Companies increased their target price on Sleep Number to $43.00 and gave the company a “neutral” rating in a report on Thursday, February 14th. They noted that the move was a valuation call. Finally, SunTrust Banks increased their target price on Sleep Number to $35.00 and gave the company a “hold” rating in a report on Thursday, February 14th. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Sleep Number currently has an average rating of “Buy” and an average price target of $42.80.

SNBR stock traded down $8.87 during trading on Friday, hitting $39.16. 5,263,478 shares of the company traded hands, compared to its average volume of 699,032. The stock has a market capitalization of $1.18 billion, a PE ratio of 20.40, a P/E/G ratio of 1.04 and a beta of 1.30. Sleep Number has a 1 year low of $26.22 and a 1 year high of $49.56.

In related news, CMO Kevin Kennedy Brown sold 3,500 shares of the stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $43.41, for a total transaction of $151,935.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shelly Radue Ibach sold 10,000 shares of the stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $42.00, for a total value of $420,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 152,764 shares of company stock valued at $6,850,756 over the last 90 days. 5.60% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Two Sigma Investments LP lifted its holdings in Sleep Number by 268.1% in the 4th quarter. Two Sigma Investments LP now owns 23,110 shares of the company’s stock worth $733,000 after buying an additional 16,831 shares during the period. TIAA CREF Investment Management LLC lifted its holdings in Sleep Number by 1.0% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 214,985 shares of the company’s stock worth $7,907,000 after buying an additional 2,204 shares during the period. Fox Run Management L.L.C. purchased a new stake in Sleep Number in the 4th quarter worth approximately $318,000. Millennium Management LLC lifted its holdings in Sleep Number by 347.3% in the 4th quarter. Millennium Management LLC now owns 219,397 shares of the company’s stock worth $6,961,000 after buying an additional 170,352 shares during the period. Finally, MetLife Investment Advisors LLC purchased a new stake in Sleep Number in the 3rd quarter worth approximately $816,000.

Sleep Number Company Profile

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 and sheets, as well as other bedding products, including mattresses, box springs, and foundations under the Sleep Number name.

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Earnings History and Estimates for Sleep Number (NASDAQ:SNBR)

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