Analysts expect that Tempur Sealy International, Inc. (NYSE:TPX) will report earnings of $0.99 per share for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Tempur Sealy International’s earnings, with the lowest EPS estimate coming in at $0.88 and the highest estimate coming in at $1.11. Tempur Sealy International posted earnings per share of $1.32 in the same quarter last year, which suggests a negative year over year growth rate of 25%. The firm is scheduled 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 year, with EPS estimates ranging from $3.16 to $3.41. For the next fiscal year, analysts expect that the firm will post earnings of $3.73 per share, with EPS estimates ranging from $3.27 to $4.36. Zacks Investment Research’s EPS averages 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 earnings results on Thursday, July 27th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. The business had revenue of $659.30 million during the quarter, compared to analyst estimates of $661.65 million. Tempur Sealy International had a net margin of 6.69% and a return on equity of 617.75%. The company’s quarterly revenue was down 18.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.92 EPS.

A number of research analysts have issued reports on TPX shares. Raymond James Financial, Inc. reaffirmed a “strong-buy” rating and issued a $55.00 price target on shares of Tempur Sealy International in a report on Wednesday, June 28th. Wedbush set a $45.00 price target on shares of Tempur Sealy International and gave the stock a “hold” rating in a report on Wednesday, May 31st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $47.00 price target on shares of Tempur Sealy International in a report on Friday, July 14th. Bank of America Corporation reaffirmed a “buy” rating and issued a $85.00 price target (up previously from $75.00) on shares of Tempur Sealy International in a report on Wednesday, August 30th. Finally, Tigress Financial cut shares of Tempur Sealy International from a “buy” rating to a “neutral” rating in a report on Thursday, May 18th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, three have given a buy rating and two have given a strong buy rating to the company. Tempur Sealy International has an average rating of “Hold” and a consensus target price of $65.00.

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Several institutional investors have recently modified their holdings of the company. USA Financial Portformulas Corp boosted its holdings in shares of Tempur Sealy International by 40.3% in the 2nd quarter. USA Financial Portformulas Corp now owns 8,303 shares of the company’s stock valued at $443,000 after buying an additional 2,383 shares in the last quarter. Verition Fund Management LLC acquired a new stake in Tempur Sealy International during the 2nd quarter worth $298,000. Sterling Capital Management LLC boosted its stake in Tempur Sealy International by 9.4% during the 2nd quarter. Sterling Capital Management LLC now owns 50,700 shares of the company’s stock worth $2,707,000 after purchasing an additional 4,363 shares during the period. Timucuan Asset Management Inc. FL boosted its stake in Tempur Sealy International by 1.7% during the 2nd quarter. Timucuan Asset Management Inc. FL now owns 1,591,195 shares of the company’s stock worth $84,954,000 after purchasing an additional 26,135 shares during the period. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in Tempur Sealy International during the 2nd quarter worth $404,000.

Shares of Tempur Sealy International (NYSE TPX) traded down 1.07% during midday trading on Thursday, reaching $60.98. 100,485 shares of the company’s stock were exchanged. Tempur Sealy International has a one year low of $39.57 and a one year high of $78.19. The firm has a market cap of $3.29 billion, a PE ratio of 17.20 and a beta of 1.64. The stock’s 50-day moving average is $60.39 and its 200 day moving average is $50.87.

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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