Sleep Country Canada Holdings Inc. (TSE:ZZZ) to Post FY2024 Earnings of $2.27 Per Share, National Bank Financial Forecasts

Sleep Country Canada Holdings Inc. (TSE:ZZZ) – Research analysts at National Bank Financial lowered their FY2024 EPS estimates for Sleep Country Canada in a report released on Wednesday, May 8th. National Bank Financial analyst V. Shreedhar now expects that the company will earn $2.27 per share for the year, down from their prior forecast of $2.35. The consensus estimate for Sleep Country Canada’s current full-year earnings is $2.34 per share. National Bank Financial also issued estimates for Sleep Country Canada’s Q4 2024 earnings at $0.67 EPS, Q1 2025 earnings at $0.34 EPS, Q3 2025 earnings at $0.94 EPS, Q4 2025 earnings at $0.75 EPS and FY2025 earnings at $2.55 EPS.

Sleep Country Canada (TSE:ZZZ) last announced its quarterly earnings results on Wednesday, March 6th. The company reported C$0.56 EPS for the quarter, beating analysts’ consensus estimates of C$0.55 by C$0.01. Sleep Country Canada had a net margin of 7.61% and a return on equity of 16.85%. The firm had revenue of C$255.60 million during the quarter, compared to the consensus estimate of C$247.85 million.

Several other equities analysts also recently commented on the stock. Royal Bank of Canada upped 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 report on Friday, March 8th. BMO Capital Markets reduced their price target on Sleep Country Canada from C$35.00 to C$32.00 in a report on Thursday. CIBC reduced their target price on Sleep Country Canada from C$32.00 to C$28.00 in a research note on Thursday. ATB Capital boosted their target price on shares of 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. Finally, TD Securities reduced their price target on shares of 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. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$30.79.

Sleep Country Canada Stock Performance

TSE ZZZ opened at C$26.58 on Friday. The company has a market cap of C$891.23 million, a P/E ratio of 13.03, a P/E/G ratio of 0.39 and a beta of 1.60. The business’s 50 day moving average price is C$28.52 and its 200-day moving average price is C$26.31. Sleep Country Canada has a fifty-two week low of C$21.31 and a fifty-two 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.

Insiders Place Their Bets

In other Sleep Country Canada news, Senior Officer Craig Depratto sold 8,661 shares of Sleep Country Canada stock in a transaction 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. In other news, Senior Officer Craig Depratto sold 8,661 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of C$30.02, for a total transaction of C$260,003.22. Also, Senior Officer Stewart Schaefer sold 5,000 shares of the business’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. Insiders own 1.55% of the company’s stock.

Sleep Country Canada Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 30th will be issued a $0.237 dividend. This represents a $0.95 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend is Wednesday, May 22nd. Sleep Country Canada’s payout ratio is presently 46.57%.

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.