$417.22 Million in Sales Expected for Select Comfort Corporation (SCSS) This Quarter

Wall Street analysts predict that Select Comfort Corporation (NASDAQ:SCSS) will post $417.22 million in sales for the current quarter, Zacks reports. Five analysts have issued estimates for Select Comfort Corporation’s earnings. The lowest sales estimate is $407.50 million and the highest is $425.70 million. Select Comfort Corporation posted sales of $367.99 million during the same quarter last year, which suggests a positive year over year growth rate of 13.4%. The company is scheduled to announce its next quarterly earnings results on Wednesday, October 18th.

On average, analysts expect that Select Comfort Corporation will report full year sales of $417.22 million for the current year, with estimates ranging from $1.41 billion to $1.44 billion. For the next financial year, analysts expect that the business will post sales of $1.51 billion per share, with estimates ranging from $1.49 billion to $1.55 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Select Comfort Corporation.

Select Comfort Corporation (NASDAQ:SCSS) last posted its quarterly earnings results on Monday, July 17th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.07). The company had revenue of $284.70 million during the quarter, compared to the consensus estimate of $300.21 million. Select Comfort Corporation had a net margin of 4.46% and a return on equity of 44.91%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period last year, the firm posted $0.03 earnings per share.

Several research analysts recently issued reports on the stock. Piper Jaffray Companies reiterated a “buy” rating and issued a $38.00 price target on shares of Select Comfort Corporation in a research note on Friday, September 8th. Stifel Nicolaus reiterated a “buy” rating and issued a $36.00 price target on shares of Select Comfort Corporation in a research note on Thursday, September 7th. BidaskClub lowered shares of Select Comfort Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. UBS AG reiterated a “sell” rating and issued a $17.00 price target (up from $16.00) on shares of Select Comfort Corporation in a research note on Friday, July 21st. Finally, Zacks Investment Research upgraded shares of Select Comfort Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $31.33.

In other news, Director Brenda J. Lauderback sold 18,500 shares of Select Comfort Corporation stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $32.65, for a total value of $604,025.00. Following the completion of the sale, the director now directly owns 41,790 shares in the company, valued at $1,364,443.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Mark A. Kimball sold 8,000 shares of Select Comfort Corporation stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $30.00, for a total transaction of $240,000.00. Following the completion of the sale, the senior vice president now owns 64,186 shares of the company’s stock, valued at $1,925,580. The disclosure for this sale can be found here. Insiders sold 39,600 shares of company stock valued at $1,286,029 over the last quarter. Company insiders own 4.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in SCSS. Alps Advisors Inc. boosted its holdings in shares of Select Comfort Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 19,986 shares of the company’s stock worth $709,000 after buying an additional 52 shares during the last quarter. Thrivent Financial For Lutherans boosted its holdings in shares of Select Comfort Corporation by 0.4% in the first quarter. Thrivent Financial For Lutherans now owns 50,360 shares of the company’s stock worth $1,248,000 after buying an additional 180 shares during the last quarter. Mason Street Advisors LLC boosted its holdings in shares of Select Comfort Corporation by 2.3% in the first quarter. Mason Street Advisors LLC now owns 10,043 shares of the company’s stock worth $249,000 after buying an additional 223 shares during the last quarter. Monroe Bank & Trust MI boosted its holdings in shares of Select Comfort Corporation by 1.5% in the first quarter. Monroe Bank & Trust MI now owns 31,961 shares of the company’s stock worth $792,000 after buying an additional 459 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Select Comfort Corporation by 17.6% in the second quarter. Victory Capital Management Inc. now owns 5,062 shares of the company’s stock worth $180,000 after buying an additional 759 shares during the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

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Shares of Select Comfort Corporation (NASDAQ SCSS) opened at 29.11 on Thursday. The stock’s 50 day moving average is $30.92 and its 200 day moving average is $29.67. Select Comfort Corporation has a 52-week low of $17.95 and a 52-week high of $36.74. The company has a market capitalization of $1.20 billion, a P/E ratio of 21.25 and a beta of 0.67.

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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Earnings History and Estimates for Select Comfort Corporation (NASDAQ:SCSS)

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