Wall Street analysts predict that Tempur Sealy International, Inc. (NYSE:TPX) will announce earnings of $0.97 per share for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Tempur Sealy International’s earnings. The lowest EPS estimate is $0.88 and the highest is $1.05. Tempur Sealy International posted earnings of $1.32 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 26.5%. The firm is expected to announce its next earnings results on Thursday, October 26th.

According to Zacks, analysts expect that Tempur Sealy International will report full-year earnings of $3.25 per share for the current year, with EPS estimates ranging from $3.16 to $3.43. For the next fiscal year, analysts anticipate that the business will post earnings of $3.63 per share, with EPS estimates ranging from $3.27 to $4.07. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Tempur Sealy International.

Tempur Sealy International (NYSE:TPX) last posted 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. The firm had revenue of $659.30 million for the quarter, compared to analysts’ expectations of $661.65 million. Tempur Sealy International had a net margin of 6.69% and a return on equity of 617.75%. The business’s quarterly revenue was down 18.0% on a year-over-year basis. During the same quarter last year, the company posted $0.92 EPS.

TPX has been the topic of several research analyst reports. SunTrust Banks, Inc. raised shares of Tempur Sealy International from a “sell” rating to a “hold” rating in a report on Monday, May 15th. BidaskClub raised shares of Tempur Sealy International from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 31st. ValuEngine downgraded shares of Tempur Sealy International from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Tigress Financial downgraded shares of Tempur Sealy International from a “buy” rating to a “neutral” rating in a research note on Thursday, May 18th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $47.00 price target on shares of Tempur Sealy International in a research note on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $58.80.

Tempur Sealy International (NYSE TPX) traded up 3.17% during mid-day trading on Tuesday, hitting $61.45. 372,058 shares of the stock traded hands. Tempur Sealy International has a 12 month low of $39.57 and a 12 month high of $82.32. The company’s 50 day moving average is $52.90 and its 200 day moving average is $48.90. The company has a market cap of $3.31 billion, a P/E ratio of 17.33 and a beta of 1.67.

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In other news, Director Usman Nabi bought 610,000 shares of Tempur Sealy International stock in a transaction dated Wednesday, May 10th. The shares were acquired at an average price of $48.30 per share, with a total value of $29,463,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jon L. Luther bought 2,750 shares of Tempur Sealy International stock in a transaction dated Monday, May 15th. The stock was purchased at an average cost of $48.45 per share, for a total transaction of $133,237.50. Following the purchase, the director now owns 13,668 shares of the company’s stock, valued at approximately $662,214.60. The disclosure for this purchase can be found here. In the last three months, insiders bought 1,702,115 shares of company stock worth $81,401,997. Insiders own 2.10% of the company’s stock.

Several large investors have recently made changes to their positions in TPX. Neuberger Berman Group LLC purchased a new stake in shares of Tempur Sealy International during the first quarter valued at $14,268,000. Morgan Stanley increased its stake in shares of Tempur Sealy International by 99.6% in the first quarter. Morgan Stanley now owns 233,881 shares of the company’s stock valued at $10,866,000 after buying an additional 116,718 shares in the last quarter. ICONIQ Capital LLC increased its stake in shares of Tempur Sealy International by 26.1% in the first quarter. ICONIQ Capital LLC now owns 108,268 shares of the company’s stock valued at $5,030,000 after buying an additional 22,434 shares in the last quarter. BlackRock Inc. increased its stake in shares of Tempur Sealy International by 15,212.6% in the first quarter. BlackRock Inc. now owns 3,784,051 shares of the company’s stock valued at $175,806,000 after buying an additional 3,759,339 shares in the last quarter. Finally, Quotient Investors LLC purchased a new stake in shares of Tempur Sealy International during the first quarter valued at $269,000.

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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Earnings History and Estimates for Tempur Sealy International (NYSE:TPX)

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