Q2 2023 Earnings Estimate for Sleep Country Canada Holdings Inc. (TSE:ZZZ) Issued By National Bank Financial

Posted by Defense World Staff on Apr 8th, 2023

Sleep Country Canada Holdings Inc. (TSE:ZZZ – Get Rating) – National Bank Financial upped their Q2 2023 earnings per share (EPS) estimates for shares of Sleep Country Canada in a report issued on Wednesday, April 5th. National Bank Financial analyst V. Shreedhar now forecasts that the company will post earnings of $0.69 per share for the quarter, up from their prior estimate of $0.67. The consensus estimate for Sleep Country Canada’s current full-year earnings is $3.11 per share. National Bank Financial also issued estimates for Sleep Country Canada’s Q1 2024 earnings at $0.46 EPS, Q2 2024 earnings at $0.76 EPS, Q3 2024 earnings at $1.09 EPS, Q4 2024 earnings at $0.85 EPS and FY2024 earnings at $3.17 EPS.

Other research analysts have also issued research reports about the company. CIBC increased their price target on Sleep Country Canada from C$26.50 to C$29.00 and gave the stock an “outperform” rating in a report on Monday, March 6th. Royal Bank of Canada increased their price target on Sleep Country Canada from C$26.00 to C$27.00 and gave the stock a “sector perform” rating in a report on Friday, March 3rd. BMO Capital Markets increased their price target on Sleep Country Canada from C$28.00 to C$34.00 in a report on Monday, March 6th. National Bankshares increased their price objective on Sleep Country Canada from C$28.00 to C$29.00 and gave the stock a “sector perform” rating in a research note on Monday, March 6th. Finally, Stifel Nicolaus increased their price objective on Sleep Country Canada from C$28.00 to C$30.00 in a research note on Monday, March 6th.

Sleep Country Canada Stock Down 2.3 %

Shares of TSE:ZZZ opened at C$22.46 on Friday. The business’s 50 day simple moving average is C$24.19 and its two-hundred day simple moving average is C$23.43. The firm has a market cap of C$782.51 million, a P/E ratio of 7.36, a PEG ratio of 0.39 and a beta of 1.54. The company has a debt-to-equity ratio of 98.28, a quick ratio of 0.35 and a current ratio of 1.05. Sleep Country Canada has a 52-week low of C$19.66 and a 52-week high of C$29.91.

Sleep Country Canada (TSE:ZZZ – Get Rating) last announced its earnings results on Thursday, March 2nd. The company reported C$0.67 EPS for the quarter, missing the consensus estimate of C$0.68 by C($0.01). Sleep Country Canada had a net margin of 11.92% and a return on equity of 26.67%. The business had revenue of C$243.03 million for the quarter, compared to the consensus estimate of C$237.35 million.

Sleep Country Canada Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 28th. Investors of record on Friday, February 17th were paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 3.83%. The ex-dividend date of this dividend was Thursday, February 16th. Sleep Country Canada’s dividend payout ratio is 28.20%.

About Sleep Country Canada

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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, platforms, metal frames, blankets, mattress pads, and other sleep accessories.