FY2024 EPS Estimates for Sleep Country Canada Holdings Inc. (TSE:ZZZ) Reduced by Analyst

Sleep Country Canada Holdings Inc. (TSE:ZZZ - Free Report) - Equities researchers at National Bank Financial reduced their FY2024 earnings estimates for Sleep Country Canada in a research report issued on Wednesday, May 8th. National Bank Financial analyst V. Shreedhar now expects that the company will earn $2.27 per share for the year, down from their previous estimate of $2.35. The consensus estimate for Sleep Country Canada's current full-year earnings is $2.34 per share. National Bank Financial also issued estimates for Sleep Country Canada's Q4 2024 earnings at $0.67 EPS, Q1 2025 earnings at $0.34 EPS, Q3 2025 earnings at $0.94 EPS, Q4 2025 earnings at $0.75 EPS and FY2025 earnings at $2.55 EPS.

Several other research firms have also commented on ZZZ. Stifel Nicolaus reduced their price target on shares of Sleep Country Canada from C$33.50 to C$31.00 in a research report on Thursday. ATB Capital increased their price target on Sleep Country Canada from C$26.50 to C$33.50 and gave the company a "buy" rating in a report on Friday, March 8th. BMO Capital Markets reduced their price objective on Sleep Country Canada from C$35.00 to C$32.00 in a research note on Thursday. National Bankshares lowered their target price on Sleep Country Canada from C$31.00 to C$30.00 in a research note on Thursday. Finally, Royal Bank of Canada boosted their price target on Sleep Country Canada from C$24.00 to C$28.00 and gave the stock a "sector perform" rating in a research report on Friday, March 8th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$30.79.

Sleep Country Canada Trading Down 1.6 %

Shares of Sleep Country Canada stock traded down C$0.43 during trading hours on Friday, reaching C$26.15. The stock had a trading volume of 36,132 shares, compared to its average volume of 63,377. The company has a current ratio of 0.86, a quick ratio of 0.35 and a debt-to-equity ratio of 113.72. Sleep Country Canada has a 1 year low of C$21.31 and a 1 year high of C$30.50. The firm has a market capitalization of C$876.81 million, a price-to-earnings ratio of 12.82, a P/E/G ratio of 0.39 and a beta of 1.60. The firm has a 50 day simple moving average of C$28.46 and a two-hundred day simple moving average of C$26.34.

Sleep Country Canada (TSE:ZZZ - Get Free Report) last issued its earnings results on Wednesday, March 6th. The company reported C$0.56 earnings per share for the quarter, topping the consensus estimate of C$0.55 by C$0.01. Sleep Country Canada had a return on equity of 16.85% and a net margin of 7.61%. The business had revenue of C$255.60 million for the quarter, compared to analyst estimates of C$247.85 million.

Insiders Place Their Bets

In other news, Senior Officer Craig Depratto sold 8,661 shares of the company's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$30.02, for a total value of C$260,003.22. In related news, Senior Officer Craig Depratto sold 8,661 shares of the firm's stock in a transaction on Friday, March 15th. The stock was sold at an average price of C$30.02, for a total transaction of C$260,003.22. Also, Senior Officer Stewart Schaefer sold 5,000 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of C$29.22, for a total transaction of C$146,100.00. 1.55% of the stock is owned by company insiders.

Sleep Country Canada Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 30th will be paid a dividend of $0.237 per share. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $0.95 dividend on an annualized basis and a yield of 3.63%. Sleep Country Canada's dividend payout ratio (DPR) is presently 46.57%.

About Sleep Country Canada

Sleep Country Canada Holdings Inc retails mattress, bedding, and specialty sleep products in Canada. It offers sheets, pillows, mattresses, sleep wear, and various sleep accessories, as well as bed frames. The company also provides pillowcases, weighted blankets, mattress protectors, mattress toppers, full and platform beds, pet beds, lifestyle adjustable bases, duvets and duvet covers, pillow protectors, sleep and lounge wear, headboards, and bed frames.