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

Sleep Number (NASDAQ:SNBR - Get Free Report) will post its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect Sleep Number to post earnings of ($0.41) per share for the quarter. Individual that wish to register 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 Thursday, February 22nd. The company reported ($0.58) earnings per share for the quarter, beating the consensus estimate of ($0.90) by $0.32. Sleep Number had a negative return on equity of 1.05% and a negative net margin of 0.81%. The firm had revenue of $429.52 million during the quarter, compared to the consensus estimate of $415.70 million. 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 Up 2.4 %

SNBR stock traded up $0.31 during midday trading on Wednesday, hitting $13.18. The company had a trading volume of 378,418 shares, compared to its average volume of 575,676. Sleep Number has a 52 week low of $9.00 and a 52 week high of $39.98. The stock's 50 day moving average price is $13.90 and its 200 day moving average price is $14.18. The stock has a market cap of $294.31 million, a price-to-earnings ratio of -19.50 and a beta of 1.96.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio increased its position in Sleep Number by 30.2% in the second quarter. Public Employees Retirement System of Ohio now owns 1,599 shares of the company's stock worth $44,000 after buying an additional 371 shares in the last quarter. FMR LLC increased its position in Sleep Number by 59.7% in the second quarter. FMR LLC now owns 1,960 shares of the company's stock worth $60,000 after buying an additional 733 shares in the last quarter. Royal Bank of Canada increased its position in Sleep Number by 74.8% in the first quarter. Royal Bank of Canada now owns 1,369 shares of the company's stock worth $69,000 after buying an additional 586 shares in the last quarter. Quarry LP purchased a new stake in Sleep Number in the second quarter worth about $70,000. Finally, Tower Research Capital LLC TRC increased its position in Sleep Number by 297.6% in the third quarter. Tower Research Capital LLC TRC now owns 2,970 shares of the company's stock worth $101,000 after buying an additional 2,223 shares in the last quarter. 85.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Wedbush reissued a "neutral" rating and set a $13.50 target price on shares of Sleep Number in a research note on Wednesday.

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.