Tempur Sealy International (TPX) Receiving Somewhat Favorable News Coverage, Accern Reports
Media headlines about Tempur Sealy International (NYSE:TPX) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tempur Sealy International earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.8018014878908 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- Tempur Sealy International, Inc. (TPX) stock gained 17.96% return Quarterly – Street Observer (press release) (streetobserver.com)
- Tempur Sealy To Announce Third Quarter Financial Results On November 2 – Markets Insider (markets.businessinsider.com)
- Tempur Sealy honors retiree Larry Duko (bedtimesmagazine.com)
Tempur Sealy International (NYSE:TPX) opened at 64.75 on Monday. The stock has a market capitalization of $3.49 billion, a PE ratio of 18.26 and a beta of 1.67. The company’s 50 day moving average is $62.80 and its 200-day moving average is $53.90. Tempur Sealy International has a 1-year low of $39.57 and a 1-year high of $70.45.
Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.45 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $659.30 million during the quarter, compared to analyst estimates of $661.65 million. During the same quarter in the prior year, the firm posted $0.92 earnings per share. Tempur Sealy International’s quarterly revenue was down 18.0% on a year-over-year basis. Analysts forecast that Tempur Sealy International will post $3.28 earnings per share for the current fiscal year.
TPX has been the topic of several recent analyst reports. Raymond James Financial, Inc. restated a “strong-buy” rating and set a $55.00 price objective on shares of Tempur Sealy International in a research report on Wednesday, June 28th. Zacks Investment Research cut shares of Tempur Sealy International from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. Bank of America Corporation reaffirmed a “buy” rating and set a $85.00 target price (up from $75.00) on shares of Tempur Sealy International in a research note on Wednesday, August 30th. Stifel Nicolaus raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating and raised their target price for the company from $60.00 to $80.00 in a research note on Tuesday, August 22nd. Finally, BidaskClub raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating in a research note on Saturday, June 24th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $63.00.
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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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