Tempur Sealy International Inc (NYSE:TPX) – Stock analysts at Wedbush dropped their Q2 2019 earnings per share (EPS) estimates for Tempur Sealy International in a research note issued on Friday, February 15th. Wedbush analyst S. Basham now anticipates that the company will earn $0.63 per share for the quarter, down from their previous forecast of $0.65. Wedbush has a “Outperform” rating and a $65.00 price target on the stock. Wedbush also issued estimates for Tempur Sealy International’s Q3 2019 earnings at $1.04 EPS, Q4 2019 earnings at $1.09 EPS and FY2020 earnings at $3.89 EPS.
Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings results on Thursday, February 14th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.07). The firm had revenue of $676.10 million during the quarter, compared to analyst estimates of $659.74 million. Tempur Sealy International had a net margin of 5.12% and a return on equity of 97.08%. The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.87 earnings per share.
A number of other analysts also recently weighed in on the stock. Guggenheim downgraded shares of Tempur Sealy International from a “buy” rating to a “neutral” rating and set a $56.08 price target on the stock. in a research report on Thursday, February 14th. Barclays began coverage on shares of Tempur Sealy International in a research report on Monday, January 28th. They issued an “overweight” rating and a $70.00 price target on the stock. Zacks Investment Research downgraded shares of Tempur Sealy International from a “hold” rating to a “sell” rating in a research report on Thursday, January 10th. ValuEngine upgraded shares of Tempur Sealy International from a “sell” rating to a “hold” rating in a research report on Wednesday, January 9th. Finally, Loop Capital reiterated a “sell” rating on shares of Tempur Sealy International in a research report on Thursday, November 1st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $59.11.
Shares of NYSE:TPX opened at $56.99 on Monday. The company has a market capitalization of $3.11 billion, a P/E ratio of 17.81, a PEG ratio of 0.78 and a beta of 1.83. The company has a debt-to-equity ratio of 7.71, a quick ratio of 0.90 and a current ratio of 1.20. Tempur Sealy International has a fifty-two week low of $38.90 and a fifty-two week high of $59.51.
A number of hedge funds have recently made changes to their positions in TPX. Northern Trust Corp raised its holdings in Tempur Sealy International by 8.5% during the 2nd quarter. Northern Trust Corp now owns 409,584 shares of the company’s stock worth $19,681,000 after buying an additional 31,999 shares during the period. First Hawaiian Bank acquired a new stake in Tempur Sealy International during the 3rd quarter worth approximately $218,000. SG Americas Securities LLC raised its holdings in Tempur Sealy International by 57.0% during the 3rd quarter. SG Americas Securities LLC now owns 38,640 shares of the company’s stock worth $2,044,000 after buying an additional 14,030 shares during the period. Alliancebernstein L.P. raised its holdings in Tempur Sealy International by 208.3% during the 3rd quarter. Alliancebernstein L.P. now owns 297,950 shares of the company’s stock worth $15,762,000 after buying an additional 201,307 shares during the period. Finally, Sheaff Brock Investment Advisors LLC acquired a new stake in Tempur Sealy International during the 3rd quarter worth approximately $206,000.
Tempur Sealy International Company Profile
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.
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