Mattress Firm Holding Corp (MFRM) announced its most recent quarterly financial results on Friday, Sep-9-2016. MFRM reported $0.57 earnings per share for the quarter, missing the analyst consensus estimate by $-0.08. Analysts had a consensus of $0.65. The company posted revenue of $980.00 million in the period, compared to analysts expectations of $1001.43 million. MFRM’s revenue was up 48.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS.
Many Wall Street Analysts have commented on Mattress Firm Holding Corp. Mattress Firm Holding Corp was Downgraded by Raymond James to ” Underperform” on Aug 22, 2016. Mattress Firm Holding Corp was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Jun 15, 2016.
Mattress Firm Holding Corp (MFRM) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $63.94 and reached the intraday high at $63.99. The bulls started the profit booking and pushed the shares to intraday low of $63.92. The trading session was marked by a volume range of 611,309 shares exchanging hands. The 52-week high of the shares is $64.27 and the 52-week low is $27.18. The market cap of the company stands at $2,380 M and there are 37,214,651 shares in public circulation.
In a different news, on Sep 6, 2016, R. Stephen Stagner (Executive Chairman) sold 15,000 shares at $63.91 per share price. According to the SEC, on Aug 17, 2016, Iii Frederick C. Tinsey (director) sold 17,049 shares at $63.82 per share price. On Aug 9, 2016, Craig Mcandrews (Chief Merchandising Officer) sold 6,000 shares at $63.70 per share price, according to the Form-4 filing with the securities and exchange commission.
Mattress Firm Holding Corp. is a holding company. The Company through its direct and indirect subsidiaries is a retailer of mattresses and bedding-related products in various metropolitan markets in the United States through company-operated and franchise-owned mattress specialty stores that operate primarily under the name Mattress Firm. The Company operates through two reportable segments: retail operations and franchise operations. The Company-operated stores its e-commerce Website operations and multi-channel sales operations consisting primarily of special events comprise the Company’s retail operations segment. For its franchise operations segment franchise fees and royalty income received from its franchisees fully represent results of operations.