Brokerages Anticipate Tempur Sealy International, Inc. (TPX) to Post $0.85 Earnings Per Share
Equities research analysts expect Tempur Sealy International, Inc. (NYSE:TPX) to post earnings per share (EPS) of $0.85 for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Tempur Sealy International’s earnings. The lowest EPS estimate is $0.70 and the highest is $0.99. Tempur Sealy International posted earnings of $1.18 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 28%. The business is expected to report its next quarterly earnings results on Thursday, February 15th.
On average, analysts expect that Tempur Sealy International will report full-year earnings of $3.26 per share for the current fiscal year, with EPS estimates ranging from $3.10 to $3.41. For the next fiscal year, analysts forecast that the firm will post earnings of $3.83 per share, with EPS estimates ranging from $3.30 to $4.85. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Tempur Sealy International.
Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.03. Tempur Sealy International had a net margin of 5.79% and a return on equity of 1,042.63%. The company had revenue of $724.80 million during the quarter, compared to analyst estimates of $756.10 million. During the same period in the prior year, the firm earned $1.32 earnings per share. The business’s quarterly revenue was down 12.9% on a year-over-year basis.
A number of brokerages have recently weighed in on TPX. Zacks Investment Research downgraded Tempur Sealy International from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. BidaskClub upgraded Tempur Sealy International from a “buy” rating to a “strong-buy” rating in a report on Monday, July 31st. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $60.00 target price on shares of Tempur Sealy International in a report on Monday, October 2nd. Stifel Nicolaus reiterated a “hold” rating and issued a $47.00 target price on shares of Tempur Sealy International in a report on Friday, July 14th. Finally, TheStreet upgraded Tempur Sealy International from a “c” rating to a “b” rating in a report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $61.33.
Tempur Sealy International (NYSE:TPX) traded up $0.02 during mid-day trading on Friday, reaching $53.11. 788,869 shares of the company’s stock were exchanged, compared to its average volume of 1,140,000. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 20.03. Tempur Sealy International has a 52 week low of $39.57 and a 52 week high of $70.45. The stock has a market capitalization of $2,870.00, a price-to-earnings ratio of 14.94, a PEG ratio of 1.09 and a beta of 1.60.
In other Tempur Sealy International news, CEO Scott L. Thompson acquired 19,565 shares of Tempur Sealy International stock in a transaction dated Tuesday, November 7th. The stock was bought at an average cost of $51.19 per share, with a total value of $1,001,532.35. Following the completion of the transaction, the chief executive officer now owns 245,019 shares of the company’s stock, valued at $12,542,522.61. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.10% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of TPX. PNC Financial Services Group Inc. lifted its position in Tempur Sealy International by 14.7% in the first quarter. PNC Financial Services Group Inc. now owns 2,131 shares of the company’s stock worth $100,000 after purchasing an additional 273 shares during the period. Legal & General Group Plc lifted its position in Tempur Sealy International by 78.1% in the first quarter. Legal & General Group Plc now owns 42,370 shares of the company’s stock worth $1,968,000 after purchasing an additional 18,584 shares during the period. Geode Capital Management LLC lifted its position in Tempur Sealy International by 2.4% in the first quarter. Geode Capital Management LLC now owns 353,195 shares of the company’s stock worth $16,409,000 after purchasing an additional 8,185 shares during the period. Morgan Stanley lifted its position in Tempur Sealy International by 99.6% in the first quarter. Morgan Stanley now owns 233,881 shares of the company’s stock worth $10,866,000 after purchasing an additional 116,718 shares during the period. Finally, BlackRock Inc. lifted its position in Tempur Sealy International by 15,212.6% in the first quarter. BlackRock Inc. now owns 3,784,051 shares of the company’s stock worth $175,806,000 after purchasing an additional 3,759,339 shares during the period.
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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