Tempur-Pedic International (TPX) Releases Quarterly Earnings, Beats Estimates By $0.03 EPS
Tempur-Pedic International (NYSE:TPX) announced its earnings results on Thursday. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.03, AnalystRatings.NET reports. The company had revenue of $678.10 million for the quarter, compared to the consensus estimate of $664.47 million.
Tempur-Pedic International (NYSE:TPX) traded up 4.79% on Thursday, hitting $49.70. 1,642,094 shares of the company’s stock traded hands. Tempur-Pedic International has a 1-year low of $35.08 and a 1-year high of $55.25. The stock’s 50-day moving average is $50.38 and its 200-day moving average is $44.62. The company has a market cap of $3.006 billion and a price-to-earnings ratio of 38.97.
Several analysts have recently commented on the stock. Analysts at KeyCorp raised their price target on shares of Tempur-Pedic International to $60.00 in a research note to investors on Wednesday, January 29th. They now have a “buy” rating on the stock. On the ratings front, analysts at Bank of America Corp. initiated coverage on shares of Tempur-Pedic International in a research note to investors on Friday, January 24th. They set a “buy” rating and a $49.00 price target on the stock. Finally, analysts at Bank of America Corp. initiated coverage on shares of Tempur-Pedic International in a research note to investors on Friday, January 24th. They set a “buy” rating and a $60.00 price target on the stock. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Tempur-Pedic International has a consensus rating of “Hold” and a consensus target price of $51.76.
Tempur Sealy International, Inc, formerly Tempur-Pedic International Inc, is a manufacturer, marketer and distributor of premium mattresses and pillows, which it sells in approximately 80 countries under the TEMPUR and Tempur-Pedic brands.
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