Wall Street brokerages expect Tempur Sealy International Inc (NYSE:TPX) to announce earnings per share (EPS) of $0.84 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Tempur Sealy International’s earnings, with estimates ranging from $0.70 to $0.99. Tempur Sealy International reported earnings of $1.18 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 28.8%. The business is expected to report its next earnings results before the market opens on Thursday, February 22nd.
According to Zacks, analysts expect that Tempur Sealy International will report full year earnings of $3.24 per share for the current fiscal year, with EPS estimates ranging from $3.10 to $3.40. For the next financial year, analysts forecast that the firm will post earnings of $4.01 per share, with EPS estimates ranging from $3.55 to $5.18. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Tempur Sealy International.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Tempur Sealy International from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. SunTrust Banks restated a “hold” rating and issued a $55.00 target price on shares of Tempur Sealy International in a report on Friday, November 3rd. ValuEngine lowered shares of Tempur Sealy International from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Stifel Nicolaus restated a “buy” rating and issued a $80.00 target price on shares of Tempur Sealy International in a report on Friday, November 3rd. Finally, Wedbush restated a “hold” rating on shares of Tempur Sealy International in a report on Friday, December 8th. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Tempur Sealy International presently has an average rating of “Buy” and a consensus target price of $70.00.
In other Tempur Sealy International news, EVP Richard W. Anderson sold 24,345 shares of the stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $64.99, for a total value of $1,582,181.55. Following the completion of the sale, the executive vice president now owns 78,236 shares in the company, valued at approximately $5,084,557.64. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.10% of the company’s stock.
A number of large investors have recently bought and sold shares of TPX. Greenlight Capital Inc. increased its stake in Tempur Sealy International by 900.0% in the 3rd quarter. Greenlight Capital Inc. now owns 4,000,000 shares of the company’s stock valued at $258,080,000 after buying an additional 3,600,000 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Tempur Sealy International by 5.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,323,574 shares of the company’s stock worth $391,005,000 after purchasing an additional 373,986 shares during the last quarter. Davidson Kempner Capital Management LP purchased a new stake in shares of Tempur Sealy International during the 2nd quarter worth approximately $16,017,000. Dimensional Fund Advisors LP increased its stake in shares of Tempur Sealy International by 66.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 686,566 shares of the company’s stock worth $44,296,000 after purchasing an additional 274,500 shares during the last quarter. Finally, LSV Asset Management increased its stake in shares of Tempur Sealy International by 313.7% during the 4th quarter. LSV Asset Management now owns 346,650 shares of the company’s stock worth $21,731,000 after purchasing an additional 262,850 shares during the last quarter.
Tempur Sealy International (TPX) traded down $0.84 on Monday, hitting $54.90. 1,049,551 shares of the company were exchanged, compared to its average volume of 817,860. 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 12 month low of $39.57 and a 12 month high of $68.05. The firm has a market cap of $2,970.00, a price-to-earnings ratio of 18.30, a PEG ratio of 0.85 and a beta of 1.27.
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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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