National Bank Financial Analysts Decrease Earnings Estimates for Sleep Country Canada Holdings Inc. (TSE:ZZZ)

Sleep Country Canada Holdings Inc. (TSE:ZZZFree Report) – Investment analysts at National Bank Financial decreased their Q3 2024 earnings estimates for shares of Sleep Country Canada in a research note issued to investors on Monday, February 5th. National Bank Financial analyst V. Shreedhar now anticipates that the company will post earnings per share of $0.83 for the quarter, down from their previous forecast of $0.89. The consensus estimate for Sleep Country Canada’s current full-year earnings is $2.45 per share.

Several other analysts also recently weighed in on ZZZ. National Bankshares boosted their price target on shares of Sleep Country Canada from C$27.00 to C$28.00 and gave the stock a “sector perform” rating in a research note on Tuesday. BMO Capital Markets cut their price objective on shares of Sleep Country Canada from C$32.00 to C$28.00 and set an “outperform” rating on the stock in a report on Monday, November 13th. Royal Bank of Canada cut their price objective on shares of Sleep Country Canada from C$27.00 to C$24.00 and set a “sector perform” rating on the stock in a report on Wednesday, November 15th. Finally, CIBC cut their price objective on shares of Sleep Country Canada from C$28.00 to C$27.00 and set an “outperform” rating on the stock in a report on Monday, November 13th. Two 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$27.33.

Get Our Latest Research Report on ZZZ

Sleep Country Canada Stock Performance

TSE ZZZ opened at C$26.51 on Thursday. Sleep Country Canada has a 52-week low of C$21.31 and a 52-week high of C$29.29. The company has a debt-to-equity ratio of 102.62, a quick ratio of 0.35 and a current ratio of 0.90. The company has a market capitalization of C$918.31 million, a P/E ratio of 10.56, a P/E/G ratio of 0.39 and a beta of 1.52. The company has a fifty day moving average of C$25.52 and a 200-day moving average of C$24.47.

Sleep Country Canada (TSE:ZZZGet Free Report) last announced its quarterly earnings results on Thursday, November 9th. The company reported C$0.76 EPS for the quarter, beating the consensus estimate of C$0.71 by C$0.05. Sleep Country Canada had a net margin of 9.69% and a return on equity of 20.80%. The firm had revenue of C$255.75 million during the quarter, compared to the consensus estimate of C$248.90 million.

Sleep Country Canada Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 29th. Stockholders of record on Thursday, February 29th will be paid a $0.237 dividend. The ex-dividend date is Tuesday, February 20th. This represents a $0.95 annualized dividend and a dividend yield of 3.58%. Sleep Country Canada’s dividend payout ratio is presently 37.85%.

Insider Transactions at Sleep Country Canada

In related news, Senior Officer Dave Howcroft sold 19,583 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of C$25.59, for a total transaction of C$501,128.97. Insiders own 1.68% of the company’s stock.

About Sleep Country Canada

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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, blankets, mattress pads, and other sleep accessories.

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