Wall Street brokerages expect Tempur Sealy International, Inc. (NYSE:TPX) to post $760.75 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Tempur Sealy International’s earnings, with the highest sales estimate coming in at $768.40 million and the lowest estimate coming in at $750.00 million. Tempur Sealy International reported sales of $832.40 million in the same quarter last year, which indicates a negative year-over-year growth rate of 8.6%. The firm is expected to issue its next quarterly earnings report on Thursday, October 26th.

On average, analysts expect that Tempur Sealy International will report full-year sales of $760.75 million for the current fiscal year, with estimates ranging from $2.83 billion to $2.87 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $2.94 billion per share, with estimates ranging from $2.89 billion to $2.98 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Tempur Sealy International.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. The business had revenue of $659.30 million during the quarter, compared to the consensus estimate of $661.65 million. Tempur Sealy International had a net margin of 6.69% and a return on equity of 617.75%. The company’s revenue was down 18.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 earnings per share.

Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Wednesday, August 2nd. BidaskClub raised shares of Tempur Sealy International from a “buy” rating to a “strong-buy” rating in a report on Monday, July 31st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $60.00 target price (up previously from $47.00) on shares of Tempur Sealy International in a report on Sunday, July 30th. Piper Jaffray Companies set a $61.00 target price on shares of Tempur Sealy International and gave the company a “hold” rating in a report on Thursday, July 27th. Finally, Raymond James Financial, Inc. reaffirmed a “strong-buy” rating and issued a $55.00 target price on shares of Tempur Sealy International in a report on Wednesday, June 28th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. Tempur Sealy International currently has an average rating of “Hold” and a consensus target price of $58.80.

In related news, Director Richard W. Neu acquired 10,000 shares of Tempur Sealy International stock in a transaction that occurred on Friday, May 12th. The stock was purchased at an average price of $48.64 per share, for a total transaction of $486,400.00. Following the completion of the purchase, the director now directly owns 26,522 shares of the company’s stock, valued at $1,290,030.08. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jon L. Luther acquired 2,750 shares of Tempur Sealy International stock in a transaction that occurred on Monday, May 15th. The stock was bought at an average price of $48.45 per share, with a total value of $133,237.50. Following the purchase, the director now directly owns 13,668 shares of the company’s stock, valued at $662,214.60. The disclosure for this purchase can be found here. Insiders purchased 902,750 shares of company stock valued at $42,771,838 in the last quarter. Company insiders own 2.10% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. First Trust Advisors LP acquired a new position in shares of Tempur Sealy International during the first quarter worth about $1,636,000. Oregon Public Employees Retirement Fund boosted its position in shares of Tempur Sealy International by 1.1% in the first quarter. Oregon Public Employees Retirement Fund now owns 17,753 shares of the company’s stock worth $825,000 after buying an additional 200 shares during the last quarter. Capital Insight Partners LLC boosted its position in shares of Tempur Sealy International by 6.5% in the first quarter. Capital Insight Partners LLC now owns 16,486 shares of the company’s stock worth $766,000 after buying an additional 1,008 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new position in shares of Tempur Sealy International during the first quarter worth about $465,000. Finally, Howard Hughes Medical Institute boosted its position in shares of Tempur Sealy International by 16.1% in the first quarter. Howard Hughes Medical Institute now owns 38,788 shares of the company’s stock worth $1,802,000 after buying an additional 5,372 shares during the last quarter.

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Tempur Sealy International (NYSE TPX) opened at 60.45 on Thursday. The firm has a 50 day moving average of $54.73 and a 200-day moving average of $48.94. The firm has a market cap of $3.26 billion, a P/E ratio of 17.05 and a beta of 1.67. Tempur Sealy International has a 12 month low of $39.57 and a 12 month high of $82.32.

Tempur Sealy International Company Profile

Tempur Sealy International, Inc is a bedding manufacturer. The Company develops, manufactures, markets and distributes bedding products. The Company operates in two segments: North America and International. The North America segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the United States and Canada.

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

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