Sleep Number (NASDAQ:SNBR – Get Free Report) issued its earnings results on Wednesday. The company reported ($0.22) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.22, Briefing.com reports. The company had revenue of $408.40 million during the quarter, compared to analysts’ expectations of $415.05 million. During the same period last year, the business posted $0.03 earnings per share. The company’s quarterly revenue was down 11.0% on a year-over-year basis.
Sleep Number Price Performance
SNBR stock traded down $2.05 during midday trading on Friday, hitting $12.10. The stock had a trading volume of 885,675 shares, compared to its average volume of 696,256. The firm has a market cap of $270.19 million, a PE ratio of -7.96 and a beta of 2.05. Sleep Number has a 12-month low of $8.13 and a 12-month high of $31.23. The company’s 50-day moving average price is $11.47 and its 200 day moving average price is $12.79.
Analysts Set New Price Targets
SNBR has been the subject of a number of research analyst reports. StockNews.com raised shares of Sleep Number from a “hold” rating to a “buy” rating in a report on Thursday. Wedbush reaffirmed a “neutral” rating and issued a $13.50 target price on shares of Sleep Number in a report on Thursday, April 25th. Piper Sandler dropped their target price on shares of Sleep Number from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday. Finally, UBS Group increased their target price on shares of Sleep Number from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, April 25th.
Sleep Number Company Profile
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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