Sleep Number (NASDAQ:SNBR - Get Free Report) released its quarterly earnings data on Wednesday. The company reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.04, Zacks reports. The business had revenue of $376.82 million during the quarter, compared to analyst estimates of $389.75 million.
Sleep Number Stock Performance
Shares of NASDAQ:SNBR traded up $0.08 during midday trading on Friday, hitting $7.57. 1,935,111 shares of the stock were exchanged, compared to its average volume of 425,357. The business's 50-day moving average price is $15.81 and its 200 day moving average price is $15.69. Sleep Number has a 12 month low of $6.91 and a 12 month high of $20.75. The stock has a market capitalization of $169.35 million, a price-to-earnings ratio of -4.18 and a beta of 2.14.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on SNBR shares. Wedbush reduced their price target on shares of Sleep Number from $18.00 to $12.00 and set a "neutral" rating on the stock in a research note on Thursday. Piper Sandler cut their target price on shares of Sleep Number from $12.00 to $11.00 and set a "neutral" rating on the stock in a research report on Thursday. Finally, StockNews.com raised shares of Sleep Number from a "hold" rating to a "buy" rating in a research note on Thursday, January 9th.
Read Our Latest Stock Analysis on SNBR
About Sleep Number
(
Get Free Report)
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.
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