Sleep Country Canada (ZZZ) Set to Announce Earnings on Tuesday

Sleep Country Canada (TSE:ZZZ) is set to release its earnings data after the market closes on Tuesday, May 7th. Analysts expect Sleep Country Canada to post earnings of C$0.34 per share for the quarter.

Sleep Country Canada (TSE:ZZZ) last released 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. The firm had revenue of C$255.60 million during the quarter, compared to analysts’ expectations 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 Stock Up 0.3 %

Shares of TSE ZZZ opened at C$27.34 on Monday. The stock has a 50-day moving average price of C$28.63 and a two-hundred day moving average price of C$26.22. The company has a market cap of C$916.71 million, a price-to-earnings ratio of 13.40, a PEG ratio of 0.39 and a beta of 1.59. Sleep Country Canada has a 12 month low of C$21.31 and a 12 month high of C$30.50. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 29th were issued a $0.237 dividend. The ex-dividend date was Tuesday, February 20th. This represents a $0.95 dividend on an annualized basis and a yield of 3.47%. Sleep Country Canada’s payout ratio is presently 46.57%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Royal Bank of Canada raised their price target on shares of Sleep Country Canada from C$24.00 to C$28.00 and gave the company a “sector perform” rating in a research note on Friday, March 8th. National Bankshares raised their price objective on Sleep Country Canada from C$28.00 to C$31.00 and gave the company a “sector perform” rating in a research note on Friday, March 8th. TD Securities dropped their price objective on Sleep Country Canada from C$34.00 to C$33.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Stifel Nicolaus raised their price objective on shares of Sleep Country Canada from C$28.00 to C$33.50 in a report on Friday, March 8th. Finally, ATB Capital raised their price objective on shares of Sleep Country Canada from C$26.50 to C$33.50 and gave the stock a “buy” rating in a report on Friday, March 8th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$32.29.

Insiders Place Their Bets

In other news, Senior Officer Craig Depratto sold 8,661 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of C$30.02, for a total transaction of C$260,003.22. In related news, Senior Officer Stewart Schaefer sold 5,000 shares of Sleep Country Canada stock in a transaction that occurred 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 firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of C$30.02, for a total value of C$260,003.22. Corporate insiders own 1.62% 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.