Sleep Number (SNBR) Scheduled to Post Quarterly Earnings on Wednesday

Sleep Number (NASDAQ:SNBR - Get Free Report) is set to post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Sleep Number to post earnings of ($0.17) per share for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

Sleep Number (NASDAQ:SNBR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The company reported ($0.22) EPS for the quarter, beating analysts' consensus estimates of ($0.44) by $0.22. The firm had revenue of $408.40 million during the quarter, compared to analyst estimates of $415.05 million. During the same period last year, the business posted $0.03 EPS. The company's revenue was down 11.0% on a year-over-year basis. 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 Trading Down 2.0 %

Shares of SNBR traded down $0.29 during trading hours on Wednesday, reaching $14.16. The stock had a trading volume of 176,356 shares, compared to its average volume of 509,590. The firm has a 50-day simple moving average of $15.64 and a 200 day simple moving average of $13.62. Sleep Number has a 12 month low of $8.13 and a 12 month high of $21.96. The company has a market capitalization of $316.14 million, a price-to-earnings ratio of -9.32 and a beta of 2.06.

Analysts Set New Price Targets

SNBR has been the subject of a number of analyst reports. StockNews.com cut shares of Sleep Number from a "buy" rating to a "hold" rating in a report on Friday, August 9th. Piper Sandler boosted their price objective on Sleep Number from $12.00 to $16.00 and gave the stock a "neutral" rating in a report on Tuesday, September 17th.

Insider Activity

In other Sleep Number news, Director Stephen E. Macadam bought 43,000 shares of the business's stock in a transaction dated Tuesday, August 6th. The shares were purchased at an average price of $12.35 per share, for a total transaction of $531,050.00. Following the purchase, the director now directly owns 102,729 shares of the company's stock, valued at approximately $1,268,703.15. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.80% of the stock is currently owned by corporate insiders.

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.