Analysts Set Expectations for Sleep Country Canada Holdings Inc.’s Q2 2022 Earnings (TSE:ZZZ)

Sleep Country Canada Holdings Inc. (TSE:ZZZGet Rating) – Analysts at National Bank Financial decreased their Q2 2022 EPS estimates for Sleep Country Canada in a research note issued on Wednesday, April 27th. National Bank Financial analyst V. Shreedhar now expects that the company will post earnings of $0.61 per share for the quarter, down from their previous estimate of $0.63. National Bank Financial also issued estimates for Sleep Country Canada’s Q3 2022 earnings at $1.03 EPS, Q1 2023 earnings at $0.37 EPS, Q2 2023 earnings at $0.66 EPS, Q3 2023 earnings at $1.13 EPS, Q4 2023 earnings at $0.88 EPS and FY2023 earnings at $3.04 EPS.

Sleep Country Canada (TSE:ZZZGet Rating) last issued its earnings results on Thursday, March 3rd. The company reported C$0.83 EPS for the quarter, topping the consensus estimate of C$0.69 by C$0.14. The firm had revenue of C$271.16 million during the quarter, compared to the consensus estimate of C$245.35 million.

Other equities research analysts also recently issued research reports about the stock. TD Securities lowered their target price on shares of Sleep Country Canada from C$38.00 to C$35.00 and set a “hold” rating for the company in a research note on Monday, March 7th. National Bankshares reduced their target price on shares of Sleep Country Canada from C$41.00 to C$33.00 and set a “sector perform” rating for the company in a report on Thursday. BMO Capital Markets cut their target price on shares of Sleep Country Canada from C$45.00 to C$39.00 in a research note on Monday, March 7th. Finally, CIBC decreased their target price on Sleep Country Canada from C$47.00 to C$39.00 and set an “outperform” rating on the stock in a research report on Monday, March 7th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Sleep Country Canada currently has an average rating of “Hold” and a consensus target price of C$38.29.

Shares of ZZZ stock opened at C$25.13 on Friday. Sleep Country Canada has a 1 year low of C$24.50 and a 1 year high of C$41.97. The firm’s 50 day moving average is C$28.40 and its 200-day moving average is C$33.52. The firm has a market capitalization of C$927.65 million and a price-to-earnings ratio of 10.56. The company has a current ratio of 0.86, a quick ratio of 0.30 and a debt-to-equity ratio of 93.70.

The firm also recently declared a quarterly dividend, which was paid on Monday, February 28th. Investors of record on Monday, February 28th were paid a $0.195 dividend. The ex-dividend date was Thursday, February 17th. This represents a $0.78 annualized dividend and a dividend yield of 3.10%. Sleep Country Canada’s payout ratio is 32.77%.

Sleep Country Canada Company Profile (Get Rating)

Sleep Country Canada Holdings Inc engages in retailing mattress and bedding-related products in Canada. The company offers a range of mattresses, adjustable lifestyle bases, pillows, duvets, duvet covers, mattress toppers and protectors, pet beds, weighted blankets, throws, sheets, headboards, footboards, frames, mattress and pillowcases, platforms, metal frames, blankets, mattress pads, and other sleep accessories.

Further Reading

Earnings History and Estimates for Sleep Country Canada (TSE:ZZZ)

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