Equities analysts expect that Sleep Number Corp (NASDAQ:SNBR) will post $419.18 million in sales for the current quarter, according to Zacks. Four analysts have made estimates for Sleep Number’s earnings, with the lowest sales estimate coming in at $412.40 million and the highest estimate coming in at $424.80 million. Sleep Number posted sales of $393.90 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.4%. The company is scheduled to announce its next quarterly earnings report on Wednesday, April 18th.

According to Zacks, analysts expect that Sleep Number will report full-year sales of $419.18 million for the current year, with estimates ranging from $1.49 billion to $1.54 billion. For the next year, analysts anticipate that the firm will post sales of $1.61 billion per share, with estimates ranging from $1.60 billion to $1.63 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover Sleep Number.

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Sleep Number (NASDAQ:SNBR) last announced its earnings results on Thursday, February 15th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.20 by $0.13. The firm had revenue of $363.28 million for the quarter, compared to the consensus estimate of $331.72 million. Sleep Number had a net margin of 4.51% and a return on equity of 61.21%. The business’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 EPS.

SNBR has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Sleep Number from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Friday, January 5th. Stifel Nicolaus restated a “buy” rating and set a $47.00 price objective (up previously from $40.00) on shares of Sleep Number in a report on Friday. ValuEngine upgraded shares of Sleep Number from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Bank of America downgraded shares of Sleep Number from a “neutral” rating to an “underperform” rating in a report on Friday, November 3rd. Finally, BidaskClub downgraded shares of Sleep Number from a “buy” rating to a “hold” rating in a report on Monday, February 5th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Sleep Number presently has a consensus rating of “Hold” and an average price target of $34.00.

Shares of Sleep Number (NASDAQ:SNBR) traded down $2.01 on Monday, reaching $34.74. 2,494,400 shares of the company traded hands, compared to its average volume of 644,348. The company has a market cap of $1,348.36, a P/E ratio of 22.41, a PEG ratio of 0.99 and a beta of 0.74. Sleep Number has a 12-month low of $21.52 and a 12-month high of $40.72.

In other news, SVP Mark A. Kimball sold 8,000 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $38.35, for a total transaction of $306,800.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 24,000 shares of company stock worth $884,800. Insiders own 4.00% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dalton Greiner Hartman Maher & Co. bought a new stake in Sleep Number in the fourth quarter valued at about $22,295,000. Fuller & Thaler Asset Management Inc. increased its stake in Sleep Number by 40.4% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 48,625 shares of the company’s stock valued at $1,510,000 after acquiring an additional 13,996 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Sleep Number by 15.9% in the third quarter. Schwab Charles Investment Management Inc. now owns 351,474 shares of the company’s stock valued at $10,914,000 after acquiring an additional 48,344 shares during the period. Ameriprise Financial Inc. increased its stake in Sleep Number by 14.2% in the third quarter. Ameriprise Financial Inc. now owns 413,001 shares of the company’s stock valued at $12,824,000 after acquiring an additional 51,456 shares during the period. Finally, Engineers Gate Manager LP increased its stake in Sleep Number by 1,031.3% in the third quarter. Engineers Gate Manager LP now owns 71,432 shares of the company’s stock valued at $2,218,000 after acquiring an additional 65,118 shares during the period.

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Sleep Number Company Profile

Sleep Number Corporation, formerly 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.

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