Sleep Number (SNBR) to Release Quarterly Earnings on Wednesday

Sleep Number (NASDAQ:SNBR) is scheduled to announce its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of ($0.41) per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Sleep Number (NASDAQ:SNBR) last released its quarterly earnings results on Thursday, February 22nd. The company reported ($0.58) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.90) by $0.32. Sleep Number had a negative net margin of 0.81% and a negative return on equity of 1.05%. The company had revenue of $429.52 million during the quarter, compared to the consensus estimate of $415.70 million. On average, analysts expect Sleep Number to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Sleep Number Trading Down 3.1 %

NASDAQ SNBR opened at $12.87 on Wednesday. Sleep Number has a 1-year low of $9.00 and a 1-year high of $39.98. The company has a 50 day moving average of $13.84 and a 200-day moving average of $14.26. The company has a market cap of $287.39 million, a price-to-earnings ratio of -18.79 and a beta of 1.96.

Institutional Investors Weigh In On Sleep Number

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada raised its position in Sleep Number by 74.8% during the first quarter. Royal Bank of Canada now owns 1,369 shares of the company’s stock valued at $69,000 after purchasing an additional 586 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in Sleep Number by 30.2% during the second quarter. Public Employees Retirement System of Ohio now owns 1,599 shares of the company’s stock valued at $44,000 after purchasing an additional 371 shares in the last quarter. FMR LLC raised its position in Sleep Number by 59.7% during the second quarter. FMR LLC now owns 1,960 shares of the company’s stock valued at $60,000 after purchasing an additional 733 shares in the last quarter. Captrust Financial Advisors raised its position in Sleep Number by 153.6% during the first quarter. Captrust Financial Advisors now owns 2,166 shares of the company’s stock valued at $110,000 after purchasing an additional 1,312 shares in the last quarter. Finally, Quarry LP acquired a new position in Sleep Number during the second quarter valued at approximately $70,000. 85.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wedbush lifted their price target on shares of Sleep Number from $12.00 to $13.50 and gave the company a “neutral” rating in a research report on Friday, February 23rd.

About Sleep Number

Sleep Number Corporation, together with its subsidiaries, offers sleep solutions and services in the United States. The company designs, manufactures, markets, retails, and services beds, pillows, sheets, and other bedding products under the Sleep Number name. It also provides smart adjustable bases under the FlextFit brand, and smart beds under the Climate 360 name.