Brokers Issue Forecasts for Sleep Country Canada Holdings Inc.’s Q2 2024 Earnings (TSE:ZZZ)
Sleep Country Canada Holdings Inc. (TSE:ZZZ – Free Report) – Stock analysts at National Bank Financial upped their Q2 2024 earnings per share (EPS) 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 post earnings of $0.47 per share for the quarter, up from their previous estimate of $0.46. The consensus estimate for Sleep Country Canada’s current full-year earnings is $2.34 per share.
A number of other brokerages have also recently issued reports on ZZZ. National Bankshares reduced their price objective on Sleep Country Canada from C$31.00 to C$30.00 in a research note on Thursday. ATB Capital increased their price objective on Sleep Country Canada from C$26.50 to C$33.50 and gave the company a “buy” rating in a research note on Friday, March 8th. TD Securities cut their target price on shares of Sleep Country Canada from C$34.00 to C$33.00 and set a “buy” rating on the stock in a report on Monday, April 29th. CIBC lowered their price target on shares of Sleep Country Canada from C$32.00 to C$28.00 in a report on Thursday. Finally, BMO Capital Markets cut their price target on shares of Sleep Country Canada from C$35.00 to C$32.00 in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$30.79.
Check Out Our Latest Research Report on ZZZ
Sleep Country Canada Price Performance
ZZZ stock opened at C$26.15 on Monday. The firm has a market cap of C$876.81 million, a P/E ratio of 12.82, a P/E/G ratio of 0.39 and a beta of 1.60. The firm’s fifty day moving average is C$28.46 and its 200 day moving average is C$26.40. Sleep Country Canada has a 52 week low of C$21.31 and a 52 week high of C$30.50. The company has a debt-to-equity ratio of 113.72, a quick ratio of 0.35 and a current ratio of 0.86.
Sleep Country Canada (TSE:ZZZ – Get Free Report) last issued its quarterly earnings results on Wednesday, March 6th. The company reported C$0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.55 by C$0.01. The firm had revenue of C$255.60 million during the quarter, compared to analyst estimates of C$247.85 million. Sleep Country Canada had a return on equity of 16.85% and a net margin of 7.61%.
Sleep Country Canada Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 23rd will be issued a $0.237 dividend. This represents a $0.95 annualized dividend and a yield of 3.63%. The ex-dividend date is Wednesday, May 22nd. Sleep Country Canada’s dividend payout ratio (DPR) is currently 46.57%.
Insider Buying and Selling at Sleep Country Canada
In other news, Senior Officer Craig Depratto sold 8,661 shares of the firm’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 other Sleep Country Canada news, Senior Officer Stewart Schaefer sold 5,000 shares of the firm’s 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. Also, Senior Officer Craig Depratto sold 8,661 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$30.02, for a total transaction of C$260,003.22. Insiders own 1.55% of the company’s stock.
Sleep Country Canada Company Profile
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.
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