Q2 2024 EPS Estimates for Sleep Country Canada Holdings Inc. Decreased by Analyst (TSE:ZZZ)

Sleep Country Canada Holdings Inc. (TSE:ZZZ) – Analysts at National Bank Financial reduced their Q2 2024 earnings per share (EPS) estimates for shares of Sleep Country Canada in a report released on Thursday, April 25th. National Bank Financial analyst V. Shreedhar now anticipates that the company will post earnings per share of $0.46 for the quarter, down from their previous forecast of $0.47. The consensus estimate for Sleep Country Canada’s current full-year earnings is $2.37 per share. National Bank Financial also issued estimates for Sleep Country Canada’s Q1 2025 earnings at $0.42 EPS, Q2 2025 earnings at $0.52 EPS and FY2025 earnings at $2.65 EPS.

Several other equities research analysts have also issued reports on ZZZ. BMO Capital Markets lifted their price target on Sleep Country Canada from C$28.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Friday, March 8th. Stifel Nicolaus increased their price target on shares of Sleep Country Canada from C$28.00 to C$33.50 in a research report on Friday, March 8th. ATB Capital boosted their price objective on shares of Sleep Country Canada from C$26.50 to C$33.50 and gave the stock a “buy” rating in a report on Friday, March 8th. CIBC lowered shares of Sleep Country Canada from an “outperform” rating to a “neutral” rating and increased their target price for the company from C$27.00 to C$32.00 in a report on Friday, March 8th. Finally, TD Securities boosted their price target on shares of Sleep Country Canada from C$31.00 to C$34.00 and gave the stock a “buy” rating in a research note on Friday, March 8th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$32.43.

Sleep Country Canada Stock Performance

Sleep Country Canada stock opened at C$27.79 on Monday. Sleep Country Canada has a fifty-two week low of C$21.31 and a fifty-two week high of C$30.50. The company has a debt-to-equity ratio of 113.72, a quick ratio of 0.35 and a current ratio of 0.86. The stock has a market cap of C$931.80 million, a P/E ratio of 13.62, a price-to-earnings-growth ratio of 0.39 and a beta of 1.59. The firm’s fifty day moving average price is C$28.67 and its 200-day moving average price is C$26.04.

Sleep Country Canada (TSE:ZZZ) last announced its earnings results on Wednesday, March 6th. The company reported C$0.56 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.55 by C$0.01. Sleep Country Canada had a net margin of 7.61% and a return on equity of 16.85%. The business had revenue of C$255.60 million for the quarter, compared to the consensus estimate of C$247.85 million.

Insider Activity at Sleep Country Canada

In related news, Senior Officer Stewart Schaefer sold 5,000 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of C$29.22, for a total transaction of C$146,100.00. In related news, Senior Officer Stewart Schaefer sold 5,000 shares of Sleep Country Canada stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of C$29.22, for a total value of C$146,100.00. Also, Senior Officer Craig Depratto sold 8,661 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of C$30.02, for a total transaction of C$260,003.22. 1.62% of the stock is currently owned by company insiders.

Sleep Country Canada Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 29th were paid a $0.237 dividend. This represents a $0.95 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend was Tuesday, February 20th. Sleep Country Canada’s payout ratio is 46.57%.

Sleep Country Canada Company Profile

Sleep Country Canada Holdings Inc retails mattress, bedding, and specialty sleep products in Canada. It offers sheets, pillows, mattresses, sleep wear, and various sleep accessories, as well as bed frames. The company also provides pillowcases, weighted blankets, mattress protectors, mattress toppers, full and platform beds, pet beds, lifestyle adjustable bases, duvets and duvet covers, pillow protectors, sleep and lounge wear, headboards, and bed frames.