Select Comfort Corporation (NASDAQ:SCSS) Releases FY17 Earnings Guidance
Select Comfort Corporation (NASDAQ:SCSS) updated its FY17 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $1.25-1.50 for the period, compared to the Thomson Reuters consensus estimate of $1.41.
Several research firms recently issued reports on SCSS. Piper Jaffray Companies set a $37.00 target price on shares of Select Comfort Corporation and gave the stock a buy rating in a report on Saturday, June 10th. Zacks Investment Research lowered shares of Select Comfort Corporation from a hold rating to a sell rating in a report on Tuesday, July 11th. BidaskClub raised shares of Select Comfort Corporation from a hold rating to a buy rating in a report on Tuesday, June 13th. Raymond James Financial, Inc. lowered shares of Select Comfort Corporation from a strong-buy rating to a market perform rating in a report on Tuesday, April 11th. Finally, Wedbush reaffirmed a neutral rating and set a $25.00 price objective on shares of Select Comfort Corporation in a report on Thursday, June 1st. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $28.75.
Shares of Select Comfort Corporation (NASDAQ:SCSS) traded up 3.41% during midday trading on Monday, reaching $31.81. 2,471,899 shares of the company’s stock were exchanged. The stock has a market cap of $1.33 billion, a P/E ratio of 23.08 and a beta of 0.69. Select Comfort Corporation has a one year low of $17.95 and a one year high of $36.74. The company’s 50-day moving average is $30.81 and its 200-day moving average is $25.81.
Select Comfort Corporation (NASDAQ:SCSS) last issued its quarterly earnings results on Monday, July 17th. The company reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.07. Select Comfort Corporation had a return on equity of 39.03% and a net margin of 4.65%. The firm had revenue of $284.70 million for the quarter, compared to analysts’ expectations of $300.21 million. During the same quarter in the previous year, the firm posted $0.03 earnings per share. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities analysts expect that Select Comfort Corporation will post $1.40 earnings per share for the current fiscal year.
In related news, EVP Andrew P. Carlin sold 14,500 shares of the business’s stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $31.63, for a total transaction of $458,635.00. Following the completion of the sale, the executive vice president now directly owns 43,546 shares in the company, valued at $1,377,359.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shelly Radue Ibach sold 79,844 shares of the business’s stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of $31.13, for a total value of $2,485,543.72. Following the sale, the insider now owns 14,000 shares of the company’s stock, valued at $435,820. The disclosure for this sale can be found here. Insiders have sold 181,076 shares of company stock valued at $5,690,607 over the last quarter. 4.00% of the stock is owned by company insiders.
About Select Comfort Corporation
Select Comfort Corporation is a designer, manufacturer, marketer, retailer and servicer of a line of Sleep Number beds. The Company offers consumers individualized sleep solutions and services, which include a complete line of Sleep Number beds, bases and bedding accessories. Its Sleep Number bed offers SleepIQ technology sensors that work directly with the bed’s DualAir technology to track each individual’s sleep.
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