Q3 2024 EPS Estimates for Sleep Country Canada Holdings Inc. (TSE:ZZZ) Raised by Analyst

Sleep Country Canada Holdings Inc. (TSE:ZZZ) – Equities researchers at National Bank Financial boosted their Q3 2024 EPS estimates for shares of Sleep Country Canada in a note issued to investors on Monday, July 22nd. National Bank Financial analyst V. Shreedhar now expects that the company will post earnings of $0.86 per share for the quarter, up from their previous forecast 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.

Sleep Country Canada (TSE:ZZZ) last announced its quarterly earnings data 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 company had revenue of C$209.72 million for the quarter, compared to analyst estimates of C$213.75 million.

A number of other equities analysts have also recently issued reports on ZZZ. Stifel Nicolaus cut shares of Sleep Country Canada from a “buy” rating to a “hold” rating and raised their target price for the stock from C$31.00 to C$35.00 in a report on Tuesday. National Bankshares lowered 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 research report on Tuesday. BMO Capital Markets lowered shares of 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 note on Tuesday. Stifel Canada cut Sleep Country Canada from a “strong-buy” rating to a “hold” rating in a report on Monday. Finally, Royal Bank of Canada raised their price objective on Sleep Country Canada from C$30.00 to C$35.00 and gave the stock a “sector perform” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$33.79.

Sleep Country Canada Stock Performance

Shares of ZZZ opened at C$34.87 on Wednesday. The business’s fifty day moving average price is C$26.88 and its 200 day moving average price is C$27.34. The company has a debt-to-equity ratio of 113.24, a current ratio of 0.98 and a quick ratio of 0.35. Sleep Country Canada has a 12-month low of C$21.31 and a 12-month high of C$35.16. The stock has a market capitalization of C$1.18 billion, a PE ratio of 17.61, a price-to-earnings-growth ratio of 0.39 and a beta of 1.61.

Sleep Country Canada Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 30th were issued a dividend of $0.237 per share. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $0.95 dividend on an annualized basis and a dividend yield of 2.72%. 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.