Somnigroup International (NYSE:SGI – Get Free Report) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 3.000-3.400 for the period, compared to the consensus earnings per share estimate of 3.350. The company issued revenue guidance of -.
Wall Street Analysts Forecast Growth
Several research firms have commented on SGI. Wall Street Zen upgraded Somnigroup International from a “hold” rating to a “buy” rating in a research note on Friday, November 28th. Stephens began coverage on shares of Somnigroup International in a report on Tuesday, February 10th. They issued an “equal weight” rating and a $89.00 price objective on the stock. UBS Group cut their price objective on shares of Somnigroup International from $122.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Somnigroup International in a research report on Monday, December 29th. Finally, Zacks Research cut shares of Somnigroup International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $102.00.
Read Our Latest Report on Somnigroup International
Somnigroup International Trading Up 2.6%
Somnigroup International (NYSE:SGI – Get Free Report) last announced its quarterly earnings results on Tuesday, February 17th. The company reported $0.72 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.72. The firm had revenue of $1.87 billion for the quarter. Somnigroup International had a return on equity of 19.36% and a net margin of 5.14%.Somnigroup International’s quarterly revenue was up 54.7% compared to the same quarter last year. During the same period last year, the firm earned $0.60 EPS. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS.
Somnigroup International Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, March 5th. Somnigroup International’s payout ratio is currently 33.52%.
Insiders Place Their Bets
In other Somnigroup International news, Director Simon Dyer acquired 32,000 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was acquired at an average price of $93.40 per share, for a total transaction of $2,988,800.00. Following the purchase, the director directly owned 36,800 shares of the company’s stock, valued at $3,437,120. This trade represents a 666.67% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.96% of the stock is owned by insiders.
Institutional Trading of Somnigroup International
Large investors have recently bought and sold shares of the business. Illinois Municipal Retirement Fund increased its position in Somnigroup International by 0.5% in the 4th quarter. Illinois Municipal Retirement Fund now owns 32,172 shares of the company’s stock valued at $2,872,000 after acquiring an additional 172 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of Somnigroup International by 1.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 18,115 shares of the company’s stock worth $1,617,000 after purchasing an additional 173 shares during the last quarter. Principal Securities Inc. grew its stake in shares of Somnigroup International by 5.3% in the fourth quarter. Principal Securities Inc. now owns 3,573 shares of the company’s stock worth $319,000 after purchasing an additional 180 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in Somnigroup International by 1.1% in the fourth quarter. Quadrant Capital Group LLC now owns 18,768 shares of the company’s stock valued at $1,676,000 after purchasing an additional 212 shares during the period. Finally, MML Investors Services LLC raised its position in Somnigroup International by 0.7% during the 4th quarter. MML Investors Services LLC now owns 43,179 shares of the company’s stock worth $3,855,000 after purchasing an additional 306 shares during the last quarter. 99.86% of the stock is owned by institutional investors and hedge funds.
About Somnigroup International
Somnigroup International Inc, together with its subsidiaries, designs, manufactures, distributes, and retails bedding products in the United States and internationally. It provides mattresses, foundations and adjustable foundations, and adjustable bases, as well as other products comprising pillows, mattress covers, sheets, cushions, and various other accessories and comfort products under the Tempur-Pedic, Sealy, Stearns & Foster, Sealy, and Cocoon by Sealy brand names. The company sells its products through approximately company-owned stores, online, and call centers; and third party retailers, including third party distribution, hospitality, and healthcare.
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