Wall Street analysts expect Tempur Sealy International Inc (NYSE:TPX) to announce $0.60 earnings per share for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Tempur Sealy International’s earnings, with the highest EPS estimate coming in at $0.81 and the lowest estimate coming in at $0.45. Tempur Sealy International reported earnings per share of $0.96 during the same quarter last year, which would suggest a negative year-over-year growth rate of 37.5%. The company is expected to announce its next quarterly earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that Tempur Sealy International will report full-year earnings of $3.79 per share for the current fiscal year, with EPS estimates ranging from $3.43 to $4.50. For the next financial year, analysts forecast that the business will post earnings of $4.66 per share, with EPS estimates ranging from $3.90 to $5.85. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Tempur Sealy International.
Tempur Sealy International (NYSE:TPX) last announced its earnings results on Thursday, February 22nd. The company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.03). Tempur Sealy International had a return on equity of 340.30% and a net margin of 5.54%. The business had revenue of $648.20 million for the quarter, compared to analyst estimates of $679.41 million. During the same quarter last year, the company posted $1.18 EPS. Tempur Sealy International’s quarterly revenue was down 15.9% on a year-over-year basis.
Several brokerages have recently weighed in on TPX. TheStreet downgraded shares of Tempur Sealy International from a “b-” rating to a “c+” rating in a research note on Thursday, February 22nd. UBS Group restated a “sell” rating and issued a $49.00 price objective (down previously from $54.00) on shares of Tempur Sealy International in a research report on Friday. Zacks Investment Research downgraded shares of Tempur Sealy International from a “buy” rating to a “hold” rating in a research report on Tuesday. SunTrust Banks restated a “hold” rating and issued a $51.00 price objective on shares of Tempur Sealy International in a research report on Friday. Finally, Wedbush restated a “hold” rating on shares of Tempur Sealy International in a research report on Friday, December 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Tempur Sealy International currently has an average rating of “Hold” and an average target price of $66.00.
In related news, EVP Richard W. Anderson sold 24,345 shares of the firm’s 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 $5,084,557.64. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.10% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors acquired a new stake in shares of Tempur Sealy International during the 4th quarter valued at approximately $122,000. Capital Guardian Trust Co. acquired a new stake in shares of Tempur Sealy International during the 3rd quarter valued at approximately $132,000. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Tempur Sealy International during the 4th quarter valued at approximately $167,000. World Asset Management Inc acquired a new stake in shares of Tempur Sealy International during the 3rd quarter valued at approximately $202,000. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Tempur Sealy International during the 4th quarter valued at approximately $218,000.
Shares of Tempur Sealy International (TPX) traded down $1.29 on Thursday, hitting $50.07. 727,356 shares of the stock traded hands, compared to its average volume of 1,140,000. 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 $2,710.00, a P/E ratio of 32.94, a price-to-earnings-growth ratio of 0.87 and a beta of 1.27. The company has a quick ratio of 0.74, a current ratio of 1.06 and a debt-to-equity ratio of 14.30.
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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