Sleep Country Canada (ZZZ) Scheduled to Post Earnings on Tuesday

Sleep Country Canada (TSE:ZZZ) will announce its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of C$0.34 per share for the quarter.

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

Sleep Country Canada Stock Performance

Shares of ZZZ opened at C$28.02 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 0.35 and a debt-to-equity ratio of 113.72. The stock has a market cap of C$939.51 million, a P/E ratio of 13.74, a PEG ratio of 0.39 and a beta of 1.59. The company has a 50-day moving average of C$28.67 and a two-hundred day moving average of C$26.08. Sleep Country Canada has a 12-month low of C$21.31 and a 12-month high of C$30.50.

Sleep Country Canada Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 29th were given a $0.237 dividend. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend was Tuesday, February 20th. Sleep Country Canada’s dividend payout ratio is presently 46.57%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ZZZ. CIBC lowered shares of Sleep Country Canada from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from C$27.00 to C$32.00 in a research report on Friday, March 8th. Royal Bank of Canada upped their target price on shares of Sleep Country Canada from C$24.00 to C$28.00 and gave the company a “sector perform” rating in a research note on Friday, March 8th. ATB Capital increased their price objective on shares of Sleep Country Canada from C$26.50 to C$33.50 and gave the company a “buy” rating in a research note on Friday, March 8th. TD Securities dropped their target price on shares of Sleep Country Canada from C$34.00 to C$33.00 and set a “buy” rating on the stock in a report on Monday. Finally, Stifel Nicolaus increased their price objective on shares of Sleep Country Canada from C$28.00 to C$33.50 in a report on Friday, March 8th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$32.29.

Insider Activity

In other Sleep Country Canada news, Senior Officer Craig Depratto sold 8,661 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$30.02, for a total value of C$260,003.22. In other news, Senior Officer Stewart Schaefer sold 5,000 shares of the stock in a transaction that occurred 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 firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of C$30.02, for a total transaction of C$260,003.22. Insiders own 1.62% of the company’s stock.

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.