National Bank Financial Analysts Reduce Earnings Estimates for Sleep Country Canada Holdings Inc. (TSE:ZZZ)

Sleep Country Canada Holdings Inc. (TSE:ZZZ) – Analysts at National Bank Financial dropped their Q2 2024 earnings per share (EPS) estimates for Sleep Country Canada in a research note issued to investors on Monday, July 22nd. National Bank Financial analyst V. Shreedhar now expects that the company will earn $0.42 per share for the quarter, down from their prior forecast of $0.47. The consensus estimate for Sleep Country Canada’s current full-year earnings is $2.08 per share. National Bank Financial also issued estimates for Sleep Country Canada’s Q4 2024 earnings at $0.68 EPS, Q1 2025 earnings at $0.35 EPS, Q3 2025 earnings at $0.97 EPS, Q4 2025 earnings at $0.78 EPS and FY2025 earnings at $2.58 EPS.

A number of other research analysts have also recently commented on ZZZ. TD Securities cut Sleep Country Canada from a “buy” rating to a “sell” rating and boosted their price target for the stock from C$33.00 to C$35.00 in a report on Tuesday. National Bankshares lowered shares of Sleep Country Canada from a “sector perform” rating to a “tender” rating and set a C$35.00 target price for the company. in a research report on Tuesday. Stifel Nicolaus downgraded shares of Sleep Country Canada from a “buy” rating to a “hold” rating and lifted their price target for the company from C$31.00 to C$35.00 in a report on Tuesday. Stifel Canada downgraded shares of Sleep Country Canada from a “strong-buy” rating to a “hold” rating in a report on Monday, July 22nd. Finally, BMO Capital Markets downgraded Sleep Country Canada from an “outperform” rating to a “market perform” rating and increased their target price for the company from C$32.00 to C$35.00 in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$33.79.

Sleep Country Canada Price Performance

TSE:ZZZ opened at C$35.02 on Thursday. The stock has a market cap of C$1.19 billion, a PE ratio of 17.69, a P/E/G ratio of 0.39 and a beta of 1.61. The company has a quick ratio of 0.35, a current ratio of 0.98 and a debt-to-equity ratio of 113.24. The business’s 50-day simple moving average is C$27.06 and its two-hundred day simple moving average is C$27.41. Sleep Country Canada has a 52 week low of C$21.31 and a 52 week high of C$35.16.

Sleep Country Canada (TSE:ZZZ) last announced its quarterly earnings data on Tuesday, May 7th. The company reported C$0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.34 by C($0.06). Sleep Country Canada had a return on equity of 15.69% and a net margin of 7.31%. The firm had revenue of C$209.72 million during the quarter, compared to analysts’ expectations of C$213.75 million.

Sleep Country Canada Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 30th were issued a $0.237 dividend. The ex-dividend date was Wednesday, May 22nd. This represents a $0.95 annualized dividend and a yield of 2.71%. Sleep Country Canada’s dividend payout ratio (DPR) is presently 47.98%.

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.