Tempur Sealy International, Inc. (NYSE:TPX) – Equities researchers at Wedbush dropped their Q2 2017 earnings per share (EPS) estimates for shares of Tempur Sealy International in a research report issued to clients and investors on Tuesday. Wedbush analyst S. Basham now forecasts that the firm will post earnings per share of $0.43 for the quarter, down from their prior forecast of $0.74. Wedbush currently has a “Neutral” rating and a $45.00 target price on the stock. Wedbush also issued estimates for Tempur Sealy International’s Q3 2017 earnings at $0.76 EPS, Q4 2017 earnings at $0.64 EPS, FY2017 earnings at $2.35 EPS and FY2018 earnings at $2.45 EPS.

Tempur Sealy International (NYSE:TPX) last announced its earnings results on Thursday, February 16th. The company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.05. Tempur Sealy International had a net margin of 4.08% and a return on equity of 112.05%. The company earned $769.50 million during the quarter, compared to analyst estimates of $741.87 million. During the same period in the previous year, the business earned $0.99 earnings per share. The firm’s quarterly revenue was up .3% compared to the same quarter last year.

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Earnings History and Estimates for Tempur Sealy International (NYSE:TPX)

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Tempur Sealy International from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a research note on Wednesday, December 28th. Stifel Nicolaus cut shares of Tempur Sealy International from a “buy” rating to a “hold” rating in a research note on Monday, January 30th. Instinet cut shares of Tempur Sealy International from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $85.00 to $50.00 in a research note on Monday, January 30th. Piper Jaffray Companies cut shares of Tempur Sealy International from an “overweight” rating to a “neutral” rating in a research note on Monday, January 30th. Finally, Nomura cut shares of Tempur Sealy International from a “buy” rating to a “neutral” rating in a research note on Monday, January 30th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. Tempur Sealy International has an average rating of “Hold” and an average target price of $67.58.

Tempur Sealy International (NYSE:TPX) opened at 47.94 on Friday. Tempur Sealy International has a 12 month low of $41.11 and a 12 month high of $82.32. The company has a 50-day moving average of $57.39 and a 200 day moving average of $64.30. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 23.17 and a beta of 1.69.

This article was posted by Daily Political and is the property of of Daily Political. If you are viewing this article on another domain, it was copied illegally and reposted in violation of United States and international copyright legislation. The correct version of this article can be accessed at http://www.dailypolitical.com/2017/02/17/tempur-sealy-international-inc-tpx-to-post-q2-2017-earnings-of-0-43-per-share-wedbush-forecasts.html.

Several hedge funds have recently made changes to their positions in TPX. Dynamo Internacional Gestao DE Recursos LTDA. increased its stake in shares of Tempur Sealy International by 9.8% in the second quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 2,491,956 shares of the company’s stock valued at $137,855,000 after buying an additional 223,405 shares during the last quarter. Gardiner Nancy B purchased a new stake in shares of Tempur Sealy International during the second quarter valued at approximately $277,000. BlackRock Advisors LLC increased its stake in shares of Tempur Sealy International by 1.3% in the second quarter. BlackRock Advisors LLC now owns 30,825 shares of the company’s stock valued at $1,705,000 after buying an additional 406 shares during the last quarter. Coronation Fund Managers Ltd. purchased a new stake in shares of Tempur Sealy International during the second quarter valued at approximately $14,493,000. Finally, TimesSquare Capital Management LLC increased its stake in shares of Tempur Sealy International by 3.4% in the second quarter. TimesSquare Capital Management LLC now owns 1,718,750 shares of the company’s stock valued at $95,081,000 after buying an additional 57,300 shares during the last quarter.

About Tempur Sealy International

Tempur Sealy International, Inc is a bedding provider. The Company develops, manufactures, markets and distributes bedding products. It operates in two segments: North America, which consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the United States and Canada, and International, which consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in Europe, Asia-Pacific and Latin America.

5 Day Chart for NYSE:TPX

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