$0.98 EPS Expected for Tempur Sealy International, Inc. (TPX) This Quarter
Analysts forecast that Tempur Sealy International, Inc. (NYSE:TPX) will post $0.98 earnings per share for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Tempur Sealy International’s earnings, with estimates ranging from $0.88 to $1.11. Tempur Sealy International posted earnings per share of $1.32 during the same quarter last year, which suggests a negative year-over-year growth rate of 25.8%. The business is expected to report its next earnings results on Thursday, October 26th.
On average, analysts expect that Tempur Sealy International will report full year earnings of $3.25 per share for the current financial year, with EPS estimates ranging from $3.14 to $3.41. For the next year, analysts anticipate that the business will post earnings of $3.73 per share, with EPS estimates ranging from $3.27 to $4.36. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Tempur Sealy International.
Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.05. Tempur Sealy International had a return on equity of 617.75% and a net margin of 6.69%. The firm had revenue of $659.30 million during the quarter, compared to the consensus estimate of $661.65 million. During the same quarter in the previous year, the company posted $0.92 earnings per share. The business’s revenue was down 18.0% on a year-over-year basis.
A number of equities analysts have recently commented on TPX shares. Stifel Nicolaus upgraded Tempur Sealy International from a “hold” rating to a “buy” rating and lifted their target price for the stock from $60.00 to $80.00 in a report on Tuesday, August 22nd. Zacks Investment Research upgraded Tempur Sealy International from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a report on Friday, August 18th. BidaskClub upgraded Tempur Sealy International from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Bank of America Corporation reiterated a “buy” rating and issued a $85.00 target price (up previously from $75.00) on shares of Tempur Sealy International in a report on Wednesday, August 30th. Finally, ValuEngine upgraded Tempur Sealy International from a “hold” rating to a “buy” rating in a report on Saturday, September 30th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $63.00.
A number of hedge funds and other institutional investors have recently modified their holdings of TPX. BlackRock Inc. raised its position in Tempur Sealy International by 15,212.6% during the 1st quarter. BlackRock Inc. now owns 3,784,051 shares of the company’s stock valued at $175,806,000 after purchasing an additional 3,759,339 shares in the last quarter. Prudential Financial Inc. raised its position in Tempur Sealy International by 1,821.2% during the 2nd quarter. Prudential Financial Inc. now owns 554,027 shares of the company’s stock valued at $29,579,000 after purchasing an additional 525,190 shares in the last quarter. State Street Corp raised its position in Tempur Sealy International by 14.9% during the 1st quarter. State Street Corp now owns 3,602,464 shares of the company’s stock valued at $167,372,000 after purchasing an additional 466,161 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in 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 valued at $391,005,000 after purchasing an additional 373,986 shares in the last quarter. Finally, Neuberger Berman Group LLC bought a new stake in Tempur Sealy International during the 1st quarter valued at $14,268,000.
Shares of Tempur Sealy International (NYSE:TPX) traded down 0.36% during mid-day trading on Tuesday, reaching $65.55. The company’s stock had a trading volume of 301,750 shares. The company has a 50-day moving average price of $62.12 and a 200 day moving average price of $52.90. Tempur Sealy International has a 52-week low of $39.57 and a 52-week high of $70.45. The company has a market cap of $3.54 billion, a PE ratio of 18.49 and a beta of 1.67.
About Tempur Sealy International
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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