Sleep Number (SNBR) to Release Quarterly Earnings on Wednesday

Sleep Number (NASDAQ:SNBR) is set 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 listening to the company’s conference call can do so using this link.

Sleep Number (NASDAQ:SNBR) last released its quarterly earnings data on Thursday, February 22nd. The company reported ($0.58) earnings per share for the quarter, topping the consensus estimate of ($0.90) by $0.32. The business had revenue of $429.52 million during the quarter, compared to analyst estimates of $415.70 million. Sleep Number had a negative return on equity of 1.05% and a negative net margin of 0.81%. 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 Stock Down 3.1 %

SNBR opened at $12.87 on Wednesday. The firm has a market cap of $287.39 million, a PE ratio of -18.79 and a beta of 1.96. The business has a fifty day simple moving average of $13.84 and a 200-day simple moving average of $14.26. Sleep Number has a fifty-two week low of $9.00 and a fifty-two week high of $39.98.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SNBR. Rice Hall James & Associates LLC grew its holdings in shares of Sleep Number by 1.7% during the first quarter. Rice Hall James & Associates LLC now owns 272,926 shares of the company’s stock valued at $13,840,000 after buying an additional 4,545 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Sleep Number by 2.7% in the first quarter. JPMorgan Chase & Co. now owns 165,053 shares of the company’s stock valued at $8,371,000 after purchasing an additional 4,368 shares in the last quarter. Raymond James & Associates grew its stake in Sleep Number by 287.9% in the first quarter. Raymond James & Associates now owns 43,507 shares of the company’s stock valued at $2,206,000 after purchasing an additional 32,291 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Sleep Number by 1.9% in the first quarter. Bank of New York Mellon Corp now owns 269,570 shares of the company’s stock valued at $13,671,000 after purchasing an additional 4,901 shares in the last quarter. Finally, Citigroup Inc. grew its stake in Sleep Number by 4.8% in the first quarter. Citigroup Inc. now owns 22,230 shares of the company’s stock valued at $1,127,000 after purchasing an additional 1,015 shares in the last quarter. Hedge funds and other institutional investors own 85.67% of the company’s stock.

Analyst Ratings Changes

Separately, Wedbush raised their price objective on Sleep Number from $12.00 to $13.50 and gave the stock a “neutral” rating in a research note 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.