It’s an appealing income play to consider Sleep Number Corporation (SNBR)

The price of Sleep Number Corporation (NASDAQ: SNBR) closed at $28.41 in the last session, up 0.14% from day before closing price of $28.37. In other words, the price has increased by $+0.04 from its previous closing price. On the day, 583972 shares were traded. SNBR stock price reached its highest trading level at $28.47 during the session, while it also had its lowest trading level at $27.02.

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We take a closer look at SNBR’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.10 and its Current Ratio is at 0.20.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Piper Sandler on April 21, 2022, Downgraded its rating to Neutral and sets its target price to $49 from $62 previously.

On March 28, 2022, Wedbush Downgraded its rating to Neutral which previously was Outperform and also lowered its target price recommendation from $80 to $54.

Wedbush Upgraded its Neutral to Outperform on February 04, 2022, whereas the target price for the stock was revised from $85 to $88.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 28 when Hellfeld Samuel R sold 1,051 shares for $39.10 per share. The transaction valued at 41,099 led to the insider holds 15,061 shares of the business.

LAUDERBACK BRENDA J sold 6,107 shares of SNBR for $226,005 on Feb 24. The Director now owns 34,966 shares after completing the transaction at $37.01 per share. On Nov 07, another insider, HOWARD JULIE, who serves as the Director of the company, bought 6,500 shares for $26.30 each. As a result, the insider paid 170,982 and bolstered with 13,670 shares of the company.

Valuation Measures:

As of this moment, Sleep’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.70, and their Forward P/E ratio for the next fiscal year is 11.96. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.60. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.31.

Stock Price History:

Over the past 52 weeks, SNBR has reached a high of $65.65, while it has fallen to a 52-week low of $23.60. The 50-Day Moving Average of the stock is 33.65, while the 200-Day Moving Average is calculated to be 35.09.

Shares Statistics:

According to the various share statistics, SNBR traded on average about 431.98K shares per day over the past 3-months and 536.43k shares per day over the past 10 days. A total of 22.25M shares are outstanding, with a floating share count of 20.96M. Shares short for SNBR as of Jan 12, 2023 were 3M with a Short Ratio of 2.62M, compared to 2.94M on Dec 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 13.63% and a Short% of Float of 20.51%.

Earnings Estimates

The company has 5 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.22 for the current quarter, with a high estimate of -$0.1 and a low estimate of -$0.26, while EPS last year was $0.47. The consensus estimate for the next quarter is $0.35, with high estimates of $0.49 and low estimates of $0.26.

Analysts are recommending an EPS of between $1.75 and $1.6 for the fiscal current year, implying an average EPS of $1.63. EPS for the following year is $1.76, with 5 analysts recommending between $2.32 and $1.35.

Revenue Estimates

According to 5 analysts, the current quarter’s revenue is expected to be $495.69M. It ranges from a high estimate of $497.7M to a low estimate of $492M. As of the current estimate, Sleep Number Corporation’s year-ago sales were $491.98M, an estimated increase of 0.80% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $532.41M, an increase of 1.00% over than the figure of $0.80% in the same quarter last year. There is a high estimate of $552.6M for the next quarter, whereas the lowest estimate is $511.76M.

A total of 5 analysts have provided revenue estimates for SNBR’s current fiscal year. The highest revenue estimate was $2.11B, while the lowest revenue estimate was $2.11B, resulting in an average revenue estimate of $2.11B. In the same quarter a year ago, actual revenue was $2.18B, down -3.30% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $2.09B in the next fiscal year. The high estimate is $2.19B and the low estimate is $2.03B. The average revenue growth estimate for next year is down -1.00% from the average revenue estimate for this year.