Wall Street analysts expect Tempur Sealy International Inc (NYSE:TPX) to report $738.47 million in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Tempur Sealy International’s earnings. The lowest sales estimate is $731.50 million and the highest is $751.00 million. Tempur Sealy International reported sales of $724.80 million during the same quarter last year, which indicates a positive year over year growth rate of 1.9%. The company is expected to issue its next earnings report before the market opens on Thursday, November 1st.

On average, analysts expect that Tempur Sealy International will report full-year sales of $2.72 billion for the current year, with estimates ranging from $2.70 billion to $2.74 billion. For the next fiscal year, analysts expect that the business will post sales of $2.83 billion, with estimates ranging from $2.75 billion to $2.88 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Tempur Sealy International.

Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings data on Thursday, July 26th. The company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.11). The business had revenue of $669.70 million during the quarter, compared to the consensus estimate of $691.93 million. Tempur Sealy International had a return on equity of 120.57% and a net margin of 5.21%. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.45 earnings per share.

TPX has been the topic of several recent analyst reports. ValuEngine downgraded Tempur Sealy International from a “hold” rating to a “sell” rating in a report on Friday, September 7th. Zacks Investment Research cut shares of Tempur Sealy International from a “hold” rating to a “sell” rating in a research report on Wednesday. Wedbush set a $65.00 target price on shares of Tempur Sealy International and gave the company a “buy” rating in a research report on Wednesday, October 3rd. Bank of America dropped their target price on shares of Tempur Sealy International from $85.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, July 27th. Finally, UBS Group upgraded shares of Tempur Sealy International from a “sell” rating to a “neutral” rating and upped their target price for the company from $45.00 to $55.00 in a research report on Wednesday, October 3rd. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $58.13.

Shares of TPX traded down $1.63 during mid-day trading on Tuesday, reaching $45.49. The company’s stock had a trading volume of 882,933 shares, compared to its average volume of 1,073,205. Tempur Sealy International has a 52 week low of $41.10 and a 52 week high of $66.87. The company has a debt-to-equity ratio of 10.80, a quick ratio of 0.79 and a current ratio of 1.18. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 16.66, a PEG ratio of 0.72 and a beta of 1.56.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TPX. Vulcan Value Partners LLC increased its position in shares of Tempur Sealy International by 128.6% in the 2nd quarter. Vulcan Value Partners LLC now owns 1,348,756 shares of the company’s stock valued at $64,808,000 after buying an additional 758,693 shares in the last quarter. FMR LLC increased its position in shares of Tempur Sealy International by 65.0% in the 2nd quarter. FMR LLC now owns 756,840 shares of the company’s stock valued at $36,366,000 after buying an additional 298,111 shares in the last quarter. BlackRock Inc. increased its holdings in Tempur Sealy International by 2.3% during the 2nd quarter. BlackRock Inc. now owns 3,913,312 shares of the company’s stock worth $188,036,000 after purchasing an additional 86,777 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Tempur Sealy International by 10.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 783,537 shares of the company’s stock worth $35,486,000 after purchasing an additional 74,467 shares in the last quarter. Finally, Van Berkom & Associates Inc. increased its holdings in Tempur Sealy International by 5.1% during the 2nd quarter. Van Berkom & Associates Inc. now owns 1,362,366 shares of the company’s stock worth $65,462,000 after purchasing an additional 66,621 shares in the last quarter.

About Tempur Sealy International

Tempur Sealy International, Inc, together with its subsidiaries, develops, manufactures, markets, and distributes bedding products. The company operates through two segments, North America and International. It provides mattresses, foundations, and adjustable bases, as well as other products comprising pillows and other accessories under the TEMPUR, Tempur-Pedic, Sealy, and Stearns & Foster brands.

Read More: Buyback For Investors Defined

Get a free copy of the Zacks research report on Tempur Sealy International (TPX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Tempur Sealy International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tempur Sealy International and related companies with MarketBeat.com's FREE daily email newsletter.