New insider activity at Somnigroup International ( (SGI) ) has taken place on March 8, 2025.
Director Evelyn Dilsaver has recently sold 1,748 shares of Somnigroup International stock, amounting to a total value of $105,194.
Recent Updates on SGI stock
In the last 24 hours, Somnigroup International has experienced notable developments. The company reported strong Q4 2024 earnings, with net sales reaching $1.2 billion and an adjusted EPS of $0.60, surpassing market expectations. This performance was driven by a 14% increase in international sales and successful strategic initiatives, including the merger with Mattress Firm. Despite challenges in the U.S. market and broader economic uncertainties, the company remains optimistic about future growth, projecting a 10% increase in adjusted EPS for 2025. As a result of these positive earnings and strategic growth, Truist raised Somnigroup’s price target, citing improvements in the domestic wholesale business and strong international sales. However, the firm noted mixed trends for 2025, with a slow February following several months of increases. The integration of Mattress Firm is expected to yield further synergies as the year progresses.
More about Somnigroup International
YTD Price Performance: 11.41%
Average Trading Volume: 2,252,610
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $12.97B