Sleep Number (NASDAQ:SNBR) issued its earnings results on Wednesday. The company reported $1.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.73, Briefing.com reports. Sleep Number had a net margin of 4.70% and a negative return on equity of 48.94%. The company 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 earned $0.94 EPS. The firm’s quarterly 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 NASDAQ:SNBR traded up $5.77 during trading on Thursday, reaching $63.94. The stock had a trading volume of 27,036 shares, compared to its average volume of 537,910. Sleep Number has a one year low of $15.27 and a one year high of $61.40. The company has a market capitalization of $1.61 billion, a P/E ratio of 23.86, a PEG ratio of 1.60 and a beta of 2.22. The firm’s 50-day simple moving average is $49.02 and its 200 day simple moving average is $39.88.
Several research analysts have issued reports on SNBR shares. ValuEngine upgraded shares of Sleep Number from a “sell” rating to a “hold” rating in a report on Friday, October 2nd. Wedbush reiterated a “neutral” rating on shares of Sleep Number in a report on Monday. BidaskClub cut shares of Sleep Number from a “buy” rating to a “hold” rating in a report on Thursday, October 1st. Piper Sandler reiterated an “overweight” rating and set a $80.00 target price (up from $70.00) on shares of Sleep Number in a report on Thursday. Finally, TheStreet cut shares of Sleep Number from a “b-” rating to a “c+” rating in a report on Tuesday, September 8th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $48.14.
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, temperature-balancing products, beds for kids, sheets, and other bedding products under the Sleep Number name.
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