National Bank Financial Comments on Sleep Country Canada Holdings Inc.’s Q2 2024 Earnings (TSE:ZZZ)

Sleep Country Canada Holdings Inc. (TSE:ZZZ) – Research analysts at National Bank Financial decreased their Q2 2024 earnings per share (EPS) estimates for shares of Sleep Country Canada in a report issued on Thursday, April 25th. National Bank Financial analyst V. Shreedhar now expects that the company will post earnings of $0.46 per share for the quarter, down from their previous estimate 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.

ZZZ has been the subject of several other reports. ATB Capital increased their price objective on Sleep Country Canada from C$26.50 to C$33.50 and gave the company a “buy” rating in a research report on Friday, March 8th. CIBC downgraded shares of Sleep Country Canada from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from C$27.00 to C$32.00 in a report on Friday, March 8th. Stifel Nicolaus increased their target price on shares of Sleep Country Canada from C$28.00 to C$33.50 in a research note on Friday, March 8th. Royal Bank of Canada boosted their price target on 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. Finally, National Bankshares upped their price target on Sleep Country Canada from C$28.00 to C$31.00 and gave the company a “sector perform” rating in a report on Friday, March 8th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Sleep Country Canada currently has an average rating of “Moderate Buy” and a consensus price target of C$32.43.

Sleep Country Canada Stock Up 0.3 %

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

Sleep Country Canada (TSE:ZZZ) last issued its quarterly earnings data 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. The business had revenue of C$255.60 million for the quarter, compared to the consensus estimate of C$247.85 million. Sleep Country Canada had a return on equity of 16.85% and a net margin of 7.61%.

Sleep Country Canada Announces Dividend

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

Insider Buying and Selling

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 transaction of C$146,100.00. In other news, Senior Officer Craig Depratto sold 8,661 shares of Sleep Country Canada stock in a transaction 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. Also, Senior Officer Stewart Schaefer sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of C$29.22, for a total value of C$146,100.00. 1.62% of the stock is owned by corporate insiders.

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.