Tempur Sealy International (NYSE:TPX) Earns Daily Media Sentiment Rating of 0.18
Press coverage about Tempur Sealy International (NYSE:TPX) has trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tempur Sealy International earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.2204180091994 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Tempur Sealy International, Inc (NYSE:TPX) Stock Traded Significantly Above Its 50 Day Average – Modern Readers (modernreaders.com)
- See what the IHS Markit Score report has to say about Tempur Sealy International Inc. (finance.yahoo.com)
- Zacks: Brokerages Expect Tempur Sealy International, Inc. (NYSE:TPX) Will Announce Quarterly Sales of $760.75 Million (americanbankingnews.com)
- Reviewing La-Z-Boy (LZB) & Tempur Sealy International (TPX) (americanbankingnews.com)
Several research analysts have recently commented on the company. Raymond James Financial, Inc. reiterated a “strong-buy” rating and issued a $55.00 price objective on shares of Tempur Sealy International in a report on Wednesday, June 28th. BidaskClub upgraded Tempur Sealy International from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Zacks Investment Research downgraded Tempur Sealy International from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 20th. Piper Jaffray Companies set a $61.00 price objective on Tempur Sealy International and gave the stock a “hold” rating in a report on Thursday, July 27th. Finally, KeyCorp reiterated an “equal weight” rating on shares of Tempur Sealy International in a report on Thursday, April 20th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $58.80.
Tempur Sealy International (NYSE TPX) traded up 1.55% during mid-day trading on Friday, hitting $60.14. The company had a trading volume of 486,658 shares. Tempur Sealy International has a 1-year low of $39.57 and a 1-year high of $82.32. The stock has a 50 day moving average price of $55.32 and a 200-day moving average price of $48.99. The stock has a market capitalization of $3.25 billion, a PE ratio of 16.96 and a beta of 1.67.
Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.05. Tempur Sealy International had a net margin of 6.69% and a return on equity of 617.75%. The company had revenue of $659.30 million for the quarter, compared to analyst estimates of $661.65 million. During the same period in the prior year, the company posted $0.92 EPS. The firm’s revenue for the quarter was down 18.0% on a year-over-year basis. On average, analysts forecast that Tempur Sealy International will post $3.29 earnings per share for the current year.
In other news, major shareholder Rehan Jaffer acquired 640,000 shares of Tempur Sealy International stock in a transaction that occurred on Tuesday, May 16th. The shares were bought at an average cost of $47.68 per share, with a total value of $30,515,200.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Usman Nabi acquired 150,000 shares of Tempur Sealy International stock in a transaction that occurred on Thursday, May 18th. The stock was purchased at an average cost of $46.00 per share, for a total transaction of $6,900,000.00. The disclosure for this purchase can be found here. Insiders purchased a total of 892,750 shares of company stock worth $42,285,438 over the last three months. 2.10% of the stock is currently owned by corporate insiders.
About Tempur Sealy International
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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