Tempur Sealy International Inc (TPX) Expected to Announce Earnings of $0.84 Per Share

Analysts predict that Tempur Sealy International Inc (NYSE:TPX) will report $0.84 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Tempur Sealy International’s earnings. The highest EPS estimate is $0.99 and the lowest is $0.70. Tempur Sealy International reported earnings of $1.18 per share in the same quarter last year, which indicates a negative year over year growth rate of 28.8%. The company is scheduled to announce its next quarterly earnings report before the market opens on Thursday, February 22nd.

On average, analysts expect that Tempur Sealy International will report full-year earnings of $3.25 per share for the current fiscal year, with EPS estimates ranging from $3.10 to $3.40. For the next fiscal year, analysts expect that the company will post earnings of $3.97 per share, with EPS estimates ranging from $3.30 to $5.18. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Tempur Sealy International.

Tempur Sealy International (NYSE:TPX) last posted its earnings results on Thursday, November 2nd. The company reported $1.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 firm had revenue of $724.80 million during the quarter, compared to analysts’ expectations of $756.10 million. During the same period in the previous year, the company earned $1.32 earnings per share. The company’s revenue was down 12.9% compared to the same quarter last year.

A number of analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Tempur Sealy International from a “strong-buy” rating to a “hold” rating in a research note on Friday. Raymond James Financial restated a “buy” rating on shares of Tempur Sealy International in a research note on Thursday, December 7th. Wedbush restated a “hold” rating on shares of Tempur Sealy International in a research note on Friday, December 8th. TheStreet upgraded shares of Tempur Sealy International from a “c” rating to a “b” rating in a research note on Thursday, November 2nd. Finally, SunTrust Banks restated a “hold” rating and issued a $55.00 price objective on shares of Tempur Sealy International in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $64.00.

In related news, EVP Richard W. Anderson sold 24,345 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $64.99, for a total transaction of $1,582,181.55. Following the transaction, the executive vice president now owns 78,236 shares of the company’s stock, valued at $5,084,557.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Scott L. Thompson bought 19,565 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were bought at an average cost of $51.19 per share, for a total transaction of $1,001,532.35. Following the transaction, the chief executive officer now directly owns 245,019 shares of the company’s stock, valued at approximately $12,542,522.61. The disclosure for this purchase can be found here. Insiders own 2.10% of the company’s stock.

A number of hedge funds have recently made changes to their positions in TPX. Capital Guardian Trust Co. bought a new position in Tempur Sealy International during the third quarter worth $132,000. Shelton Capital Management bought a new position in Tempur Sealy International during the second quarter worth $201,000. World Asset Management Inc bought a new position in Tempur Sealy International during the third quarter worth $202,000. State of Alaska Department of Revenue bought a new position in Tempur Sealy International during the fourth quarter worth $218,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Tempur Sealy International during the third quarter worth $219,000.

Shares of Tempur Sealy International (NYSE TPX) traded down $1.56 during trading on Monday, hitting $55.47. 1,485,592 shares of the stock were exchanged, compared to its average volume of 769,700. The company has a debt-to-equity ratio of 20.03, a current ratio of 1.08 and a quick ratio of 0.77. Tempur Sealy International has a twelve month low of $39.57 and a twelve month high of $68.05. The firm has a market capitalization of $3,089.92, a PE ratio of 18.49, a price-to-earnings-growth ratio of 0.88 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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