Sleep Country Canada Holdings Inc. (TSE:ZZZ) to Post Q3 2024 Earnings of $0.86 Per Share, National Bank Financial Forecasts

Sleep Country Canada Holdings Inc. (TSE:ZZZ) – Analysts at National Bank Financial raised their Q3 2024 earnings estimates for shares of Sleep Country Canada in a report issued on Monday, July 22nd. National Bank Financial analyst V. Shreedhar now expects that the company will post earnings per share of $0.86 for the quarter, up from their previous estimate of $0.85. 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 FY2024 earnings at $2.24 EPS and Q2 2025 earnings at $0.49 EPS.

A number of other brokerages have also recently weighed in 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 research report on Tuesday. Royal Bank of Canada raised their target price 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. Stifel Canada lowered shares of Sleep Country Canada from a “strong-buy” rating to a “hold” rating in a research report on Monday. National Bankshares downgraded shares of Sleep Country Canada from a “sector perform” rating to a “tender” rating and set a C$35.00 price objective on the stock. in a research note on Tuesday. Finally, CIBC decreased their price target on shares of Sleep Country Canada from C$32.00 to C$28.00 in a research report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$33.79.

Sleep Country Canada Stock Down 0.0 %

ZZZ stock opened at C$34.87 on Wednesday. The company has a 50 day moving average of C$26.88 and a two-hundred day moving average of C$27.34. The company has a quick ratio of 0.35, a current ratio of 0.98 and a debt-to-equity ratio of 113.24. Sleep Country Canada has a 12-month low of C$21.31 and a 12-month high of C$35.16. The company has a market cap of C$1.18 billion, a price-to-earnings ratio of 17.61, a PEG ratio of 0.39 and a beta of 1.61.

Sleep Country Canada (TSE:ZZZ) last released its earnings results on Tuesday, May 7th. The company reported C$0.28 earnings per share for the quarter, missing the consensus estimate 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 30th were paid a $0.237 dividend. This represents a $0.95 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend was Wednesday, May 22nd. Sleep Country Canada’s payout ratio 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.