Select Comfort more than doubles first-quarter earnings per share

Select Comfort more than doubles first-quarter earnings per share

Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for Select Comfort Corporation the EPS stands at 0.25 for the previous quarter, while the analysts predicted the EPS of the stock to be 0.32, suggesting the stock fell short of the analysts' expectations. Buy rating has been given by 0 analysts to the company stock whereas 6 analysts given UNDERPERFORM rating to stock and 10 analysts given HOLD rating.

Select Comfort Corporation (NASDAQ:SCSS) shares are seeing unusual volume mid-trading session today.

Analysts await Select Comfort Corp. Net income was up 88.6% to $24.5 million, and earnings per share more than doubled to $0.56. The company reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.10.

Darling Ingredients Inc. (NYSE:DAR), stock is trading $15.93 above the 52-week high and has displayed a high EPS growth of -15.80% in last 5 years.

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Among 7 analysts covering Select Comfort (NASDAQ:SCSS), 2 have Buy rating, 2 Sell and 3 Hold. Citigroup Inc cut shares of Select Comfort Corp. from an "outperform" rating to a "market perform" rating in a research report on Tuesday, April 11th. Finally, Raymond James Financial, Inc. lowered Select Comfort Corp. from a "strong-buy" rating to a "market perform" rating in a research report on Tuesday, April 11th. Finally, Wedbush reaffirmed a "neutral" rating and set a $20.00 target price (down from $22.00) on shares of Select Comfort Corp.in a research report on Thursday, February 9th. The consensus recommendation by Thomson Reuters analysts is Hold and their mean rating for the stock is 3.47 on scale of 1-5. The company has a consensus rating of "Hold" and a consensus target price of $23.75.

Select Comfort Corporation (SCSS) has a mean recommendation of 2.88, according to data compiled by Zacks Investment Research. (NASDAQ:SCSS) traded down 0.84% on Friday, hitting $32.90. The stock had a trading volume of 946,021 shares. The current share price indicates that stock is -8.72% away from its one year high and is moving 44.12% ahead of its 52-week low. Following the completion of the transaction, the director now directly owns 40,742 shares in the company, valued at $917,102.42. The firm has a 50-day moving average price of $24.70 and a 200-day moving average price of $22.37. Many traders and investors view the 52-week high or low as an important factor in determining a stock's current value and predicting future price movement. Legato Capital Management LLC now owns 100,499 shares of the company's stock worth $4,054,000 after buying an additional 96,445 shares during the last quarter. Massachusetts-based Geode Cap Management Lc has invested 0% in Select Comfort Corp. Mutual of America Capital Management LLC increased its stake in Select Comfort Corp.by 8.2% in the third quarter. UBS Initiates Coverage on the company's stock to Sell on 9/29/16 by setting a price target of $20.

In related news, Director Brenda J. Lauderback sold 8,500 shares of the business's stock in a transaction on Thursday, February 16th. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Select Comfort Corporation is a designer, manufacturer, marketer, retailer and servicer of a line of Sleep Number beds. The Company also offers a line of sleep products, including FlextFit adjustable base technology and Sleep Number pillows, sheets and other bedding products.

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