Sleep Country Canada Holdings Inc. Expected to Earn Q2 2024 Earnings of $0.47 Per Share (TSE:ZZZ)

Sleep Country Canada Holdings Inc. (TSE:ZZZFree Report) – Stock analysts at National Bank Financial dropped their Q2 2024 EPS estimates for Sleep Country Canada in a research note issued on Thursday, March 7th. National Bank Financial analyst V. Shreedhar now forecasts that the company will post earnings of $0.47 per share for the quarter, down from their prior estimate of $0.49. The consensus estimate for Sleep Country Canada’s current full-year earnings is $2.35 per share. National Bank Financial also issued estimates for Sleep Country Canada’s Q1 2025 earnings at $0.43 EPS, Q2 2025 earnings at $0.53 EPS, Q3 2025 earnings at $0.95 EPS and Q4 2025 earnings at $0.76 EPS.

Several other equities analysts have also weighed in on the stock. TD Securities increased their price target on shares of Sleep Country Canada from C$31.00 to C$34.00 and gave the company a “buy” rating in a research report on Friday. BMO Capital Markets lifted their target price on shares of Sleep Country Canada from C$28.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Friday. CIBC lowered shares of Sleep Country Canada from an “outperform” rating to a “neutral” rating and upped their price target for the company from C$27.00 to C$32.00 in a research report on Friday. National Bankshares lifted their price objective on Sleep Country Canada from C$28.00 to C$31.00 and gave the stock a “sector perform” rating in a report on Friday. Finally, ATB Capital raised their price target on Sleep Country Canada from C$26.50 to C$33.50 and gave the stock a “buy” rating in a research report on Friday. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Sleep Country Canada currently has an average rating of “Moderate Buy” and a consensus price target of C$32.43.

Read Our Latest Analysis on Sleep Country Canada

Sleep Country Canada Stock Performance

Shares of ZZZ opened at C$29.50 on Monday. The company has a debt-to-equity ratio of 102.62, a quick ratio of 0.35 and a current ratio of 0.90. The stock has a 50 day moving average price of C$26.80 and a two-hundred day moving average price of C$24.72. Sleep Country Canada has a 52 week low of C$21.31 and a 52 week high of C$30.27. The firm has a market capitalization of C$1.02 billion, a P/E ratio of 11.90, a P/E/G ratio of 0.39 and a beta of 1.59.

Insider Transactions at Sleep Country Canada

In related news, Senior Officer Dave Howcroft sold 19,583 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of C$25.59, for a total transaction of C$501,128.97. Corporate insiders own 1.68% of the company’s stock.

Sleep Country Canada Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 29th were paid a $0.237 dividend. This represents a $0.95 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date was Tuesday, February 20th. Sleep Country Canada’s payout ratio is currently 38.31%.

Sleep Country Canada Company Profile

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Sleep Country Canada Holdings Inc engages in retailing mattress and bedding-related products in Canada. The company offers a range of mattresses, adjustable lifestyle bases, pillows, duvets, duvet covers, mattress toppers and protectors, pet beds, weighted blankets, throws, sheets, headboards, footboards, frames, mattress and pillowcases, blankets, mattress pads, and other sleep accessories.

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