Wall Street analysts expect that Tempur Sealy International Inc (NYSE:TPX) will report $791.09 million in sales for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Tempur Sealy International’s earnings. The lowest sales estimate is $777.20 million and the highest is $800.90 million. Tempur Sealy International posted sales of $729.50 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.4%. The firm is scheduled to announce its next quarterly earnings results on Thursday, November 7th.
According to Zacks, analysts expect that Tempur Sealy International will report full year sales of $2.95 billion for the current year, with estimates ranging from $2.92 billion to $2.98 billion. For the next fiscal year, analysts expect that the company will report sales of $3.44 billion, with estimates ranging from $3.34 billion to $3.53 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Tempur Sealy International.
Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.11. The company had revenue of $722.80 million for the quarter, compared to analyst estimates of $723.28 million. Tempur Sealy International had a return on equity of 72.95% and a net margin of 4.42%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the company earned $0.52 earnings per share.
TPX has been the topic of a number of research analyst reports. Bank of America raised their price target on Tempur Sealy International from $85.00 to $100.00 in a report on Tuesday, June 18th. Piper Jaffray Companies set a $92.00 price target on Tempur Sealy International and gave the company a “buy” rating in a report on Friday, July 26th. ValuEngine lowered Tempur Sealy International from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. KeyCorp raised their price target on Tempur Sealy International from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Finally, Wedbush reissued an “outperform” rating and set a $83.00 price target on shares of Tempur Sealy International in a report on Thursday, July 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. Tempur Sealy International currently has an average rating of “Hold” and an average target price of $83.10.
In related news, EVP Scott Vollet sold 965 shares of Tempur Sealy International stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $80.92, for a total transaction of $78,087.80. Following the transaction, the executive vice president now directly owns 15,560 shares of the company’s stock, valued at $1,259,115.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Evelyn S. Dilsaver sold 405 shares of Tempur Sealy International stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $75.35, for a total value of $30,516.75. Following the transaction, the director now directly owns 26,193 shares in the company, valued at $1,973,642.55. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 93,791 shares of company stock worth $7,438,205. 3.23% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Shine Investment Advisory Services Inc. grew its holdings in Tempur Sealy International by 26.6% during the second quarter. Shine Investment Advisory Services Inc. now owns 913 shares of the company’s stock worth $67,000 after acquiring an additional 192 shares during the period. NEXT Financial Group Inc grew its holdings in Tempur Sealy International by 1,356.1% during the second quarter. NEXT Financial Group Inc now owns 961 shares of the company’s stock worth $71,000 after acquiring an additional 895 shares during the period. Ropes Wealth Advisors LLC acquired a new position in Tempur Sealy International during the second quarter worth about $73,000. Advisory Services Network LLC acquired a new position in Tempur Sealy International during the second quarter worth about $163,000. Finally, USA Financial Portformulas Corp grew its holdings in Tempur Sealy International by 50.4% during the second quarter. USA Financial Portformulas Corp now owns 3,177 shares of the company’s stock worth $183,000 after acquiring an additional 1,065 shares during the period.
Shares of TPX traded up $0.73 during trading hours on Friday, reaching $74.55. 573,835 shares of the company’s stock traded hands, compared to its average volume of 832,945. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of 25.19 and a beta of 1.67. The company has a debt-to-equity ratio of 5.79, a current ratio of 1.21 and a quick ratio of 0.88. Tempur Sealy International has a twelve month low of $38.90 and a twelve month high of $81.85. The business’s fifty day simple moving average is $76.04 and its two-hundred day simple moving average is $70.14.
Tempur Sealy International Company Profile
Tempur Sealy International, Inc develops, manufactures, markets and distributes bedding products. It operates through North America and International segments. The North America segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the U.S.
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