Q3 2017 EPS Estimates for Select Comfort Corporation Reduced by Analyst (SCSS)
Select Comfort Corporation (NASDAQ:SCSS) – Equities researchers at SunTrust Banks reduced their Q3 2017 EPS estimates for shares of Select Comfort Corporation in a research report issued on Monday. SunTrust Banks analyst K. Hughes now anticipates that the company will post earnings per share of $0.65 for the quarter, down from their prior forecast of $0.67. SunTrust Banks also issued estimates for Select Comfort Corporation’s FY2017 earnings at $1.36 EPS.
Select Comfort Corporation (NASDAQ:SCSS) last posted its quarterly earnings data on Monday, July 17th. The company reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.07). Select Comfort Corporation had a net margin of 4.46% and a return on equity of 44.91%. The company had revenue of $284.70 million for the quarter, compared to analyst estimates of $300.21 million. During the same period in the prior year, the company earned $0.03 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. COPYRIGHT VIOLATION WARNING: This news story was originally published by Watch List News and is owned by of Watch List News. If you are accessing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The correct version of this news story can be viewed at https://www.watchlistnews.com/q3-2017-eps-estimates-for-select-comfort-corporation-reduced-by-analyst-scss/1611623.html.
Several other equities research analysts also recently issued reports on SCSS. Piper Jaffray Companies set a $37.00 price objective on Select Comfort Corporation and gave the stock a “buy” rating in a research note on Saturday, June 10th. BidaskClub raised Select Comfort Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Zacks Investment Research downgraded Select Comfort Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Stifel Nicolaus reissued a “buy” rating and issued a $36.00 price objective (up from $32.00) on shares of Select Comfort Corporation in a research note on Tuesday, July 18th. Finally, Bank of America Corporation raised Select Comfort Corporation from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $21.50 to $35.00 in a research note on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $31.00.
Select Comfort Corporation (SCSS) opened at 32.59 on Wednesday. The firm has a market cap of $1.34 billion, a P/E ratio of 23.79 and a beta of 0.65. Select Comfort Corporation has a 1-year low of $17.95 and a 1-year high of $36.74. The stock’s 50 day moving average is $30.15 and its 200-day moving average is $30.16.
In other news, Director Brenda J. Lauderback sold 18,500 shares of the firm’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $32.65, for a total transaction of $604,025.00. Following the completion of the sale, the director now directly owns 41,790 shares of the company’s stock, valued at approximately $1,364,443.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mark A. Kimball sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $34.06, for a total value of $272,480.00. Following the sale, the senior vice president now directly owns 72,186 shares of the company’s stock, valued at $2,458,655.16. The disclosure for this sale can be found here. Insiders have sold a total of 47,600 shares of company stock valued at $1,542,589 over the last ninety days. Company insiders own 4.00% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Riverhead Capital Management LLC raised its stake in shares of Select Comfort Corporation by 75.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,865 shares of the company’s stock worth $137,000 after purchasing an additional 1,665 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Select Comfort Corporation by 395.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,913 shares of the company’s stock worth $139,000 after purchasing an additional 3,124 shares in the last quarter. Flinton Capital Management LLC raised its stake in shares of Select Comfort Corporation by 75.6% during the 2nd quarter. Flinton Capital Management LLC now owns 4,228 shares of the company’s stock worth $150,000 after purchasing an additional 1,820 shares in the last quarter. Victory Capital Management Inc. acquired a new position in shares of Select Comfort Corporation during the 1st quarter valued at about $107,000. Finally, First Quadrant L P CA acquired a new position in shares of Select Comfort Corporation during the 2nd quarter valued at about $205,000. 99.76% of the stock is owned by institutional investors.
Select Comfort Corporation Company Profile
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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