Tempur-Pedic International Inc. (TPX) Updates FY14 Earnings Guidance
Tempur-Pedic International Inc. (NYSE:TPX) updated its FY14 earnings guidance on Thursday. The company provided earnings per share guidance of $2.60-2.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.76, AR Network reports. The company issued revenue guidance of $2.8-2.9 billion, compared to the consensus revenue estimate of $2.85 billion.
TPX has been the subject of a number of recent research reports. Analysts at Nomura initiated coverage on shares of Tempur-Pedic International in a research note on Wednesday, March 19th. They set a neutral rating and a $55.00 price target on the stock. On a related note, analysts at Piper Jaffray upgraded shares of Tempur-Pedic International from a neutral rating to an overweight rating in a research note on Tuesday, February 18th. They now have a $56.00 price target on the stock, up previously from $50.00. Finally, analysts at Wedbush raised their price target on shares of Tempur-Pedic International from $42.00 to $48.00 in a research note on Friday, February 7th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $52.81.
Shares of Tempur-Pedic International Inc. (NYSE:TPX) traded up 0.74% on Thursday, hitting $50.55. 1,582,356 shares of the company’s stock traded hands. Tempur-Pedic International Inc. has a 1-year low of $36.12 and a 1-year high of $55.25. The stock has a 50-day moving average of $49.57 and a 200-day moving average of $48.24. The company has a market cap of $3.065 billion and a price-to-earnings ratio of 39.20.
Tempur-Pedic International (NYSE:TPX) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.52 by $0.01. The company had revenue of $701.90 million for the quarter, compared to the consensus estimate of $683.27 million. During the same quarter last year, the company posted $0.62 earnings per share. Tempur-Pedic International’s revenue was up 79.9% compared to the same quarter last year. On average, analysts predict that Tempur-Pedic International Inc. will post $2.76 earnings per share for the current fiscal year.
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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