Select Comfort Corp. (SCSS) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Select Comfort Corp. (SCSS) announced its most recent quarterly financial results on Wednesday, Oct-19-2016. SCSS reported $0.56 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.57. The company posted revenue of $368.00 million in the period, compared to analysts expectations of $391.03 million. SCSS’s revenue was down -1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS.

Many Wall Street Analysts have commented on Select Comfort Corp.. Select Comfort Corp. was Upgraded by Piper Jaffray to ” Overweight” on Aug 15, 2016. Company shares were Reiterated by Wedbush on Aug 11, 2016 to “Outperform”, Firm has raised the Price Target to $ 27 from a previous price target of $21 .

Select Comfort Corp. opened for trading at $20.95 and hit $21.08 on the upside on Friday, eventually ending the session at $20.87, with a gain of 0.10% or 0.02 points. The heightened volatility saw the trading volume jump to 3,95,944 shares. Company has a market cap of $959 M.

In a different news, on Aug 17, 2016, Andrew P Carlin (EVP, Chief Sales & Svc Officer) sold 3,200 shares at $28.00 per share price. According to the SEC, on May 26, 2016, Brenda J Lauderback (director) sold 416 shares at $22.50 per share price. On Feb 18, 2016, David R Callen (CFO) purchased 2,000 shares at $15.44 per share price, according to the Form-4 filing with the securities and exchange commission.

Select Comfort Corporation is a designer manufacturer marketer retailer and servicer of a line of Sleep Number beds. The Company’s Sleep Number bed offers SleepIQ technology sensors that work directly with the bed’s DualAir technology to monitor each individual’s sleep. The Company also offers a line of sleep products including FlextFit adjustable base technology and Sleep Number pillows sheets and other bedding products. The Company offers Sleep Number beds in a range of sizes including twin full queen eastern king California king and the FlexTop mattress. It offers Sleep Number beds in four series which includes Classic Series Performance Series Innovation Series and Memory Foam Series. The company’s Sleep Number bedding collection includes Create Your Perfect PillowSM and AirFit pillow which adjust to an individual’s size shape and sleeping position.

Select Comfort Corp.

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