Sleep Country Canada (ZZZ) Set to Announce Quarterly Earnings on Thursday

Sleep Country Canada (TSE:ZZZ) will be issuing its quarterly earnings data after the market closes on Thursday, August 8th. Analysts expect the company to announce earnings of C$0.38 per share for the quarter.

Sleep Country Canada (TSE:ZZZ) last issued its quarterly earnings results 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 business had revenue of C$209.72 million during the quarter, compared to analysts’ expectations of C$213.75 million.

Sleep Country Canada Trading Up 0.1 %

Shares of ZZZ stock opened at C$35.02 on Thursday. Sleep Country Canada has a 52-week low of C$21.31 and a 52-week high of C$35.23. The company has a debt-to-equity ratio of 113.24, a quick ratio of 0.35 and a current ratio of 0.98. The firm has a market capitalization of C$1.19 billion, a PE ratio of 17.69, a PEG ratio of 0.39 and a beta of 1.61. The stock has a fifty day simple moving average of C$27.41 and a two-hundred day simple moving average of C$27.58.

Sleep Country Canada Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ZZZ. BMO Capital Markets lowered Sleep Country Canada from an “outperform” rating to a “market perform” rating and raised their price objective for the company from C$32.00 to C$35.00 in a research report on Tuesday, July 23rd. National Bankshares downgraded shares of Sleep Country Canada from a “sector perform” rating to a “tender” rating and set a C$35.00 price target for the company. in a report on Tuesday, July 23rd. CIBC decreased their price target on shares of Sleep Country Canada from C$32.00 to C$28.00 in a research note on Thursday, May 9th. Royal Bank of Canada lifted their price target on shares of Sleep Country Canada from C$30.00 to C$35.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 23rd. Finally, Stifel Canada lowered shares of Sleep Country Canada from a “strong-buy” rating to a “hold” rating in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, Sleep Country Canada has a consensus rating of “Hold” and an average price target of C$33.79.

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.