Wall Street brokerages predict that Tempur Sealy International, Inc. (NYSE:TPX) will post $759.43 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Tempur Sealy International’s earnings, with estimates ranging from $750.00 million to $763.90 million. Tempur Sealy International reported sales of $832.40 million in the same quarter last year, which indicates a negative year over year growth rate of 8.8%. The firm is scheduled to announce its next quarterly earnings results on Thursday, October 26th.

On average, analysts expect that Tempur Sealy International will report full-year sales of $759.43 million for the current year, with estimates ranging from $2.83 billion to $2.87 billion. For the next year, analysts anticipate that the firm will report sales of $2.94 billion per share, with estimates ranging from $2.89 billion to $3.00 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Tempur Sealy International.

Tempur Sealy International (NYSE:TPX) last issued its earnings results on Thursday, July 27th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.05. Tempur Sealy International had a net margin of 6.69% and a return on equity of 617.75%. The company had revenue of $659.30 million for the quarter, compared to analysts’ expectations of $661.65 million. During the same quarter last year, the company posted $0.92 earnings per share. The firm’s quarterly revenue was down 18.0% on a year-over-year basis.

Several analysts have weighed in on TPX shares. Zacks Investment Research downgraded shares of Tempur Sealy International from a “buy” rating to a “hold” rating in a research report on Wednesday. BidaskClub raised shares of Tempur Sealy International from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 31st. ValuEngine downgraded shares of Tempur Sealy International from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Stifel Nicolaus reissued a “hold” rating and set a $47.00 target price on shares of Tempur Sealy International in a research report on Friday, July 14th. Finally, Wedbush set a $45.00 target price on shares of Tempur Sealy International and gave the stock a “hold” rating in a research report on Wednesday, May 31st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. Tempur Sealy International presently has an average rating of “Hold” and an average price target of $65.09.

Several institutional investors and hedge funds have recently bought and sold shares of TPX. Capstone Asset Management Co. lifted its stake in shares of Tempur Sealy International by 4.1% in the 1st quarter. Capstone Asset Management Co. now owns 4,609 shares of the company’s stock valued at $214,000 after purchasing an additional 180 shares during the period. State of New Jersey Common Pension Fund D acquired a new position in shares of Tempur Sealy International in the 1st quarter valued at $465,000. Oregon Public Employees Retirement Fund lifted its stake in shares of Tempur Sealy International by 1.1% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 17,753 shares of the company’s stock valued at $825,000 after purchasing an additional 200 shares during the period. First Trust Advisors LP acquired a new position in shares of Tempur Sealy International in the 1st quarter valued at $1,636,000. Finally, UBS Asset Management Americas Inc. lifted its stake in shares of Tempur Sealy International by 27.5% in the 1st quarter. UBS Asset Management Americas Inc. now owns 42,251 shares of the company’s stock valued at $1,963,000 after purchasing an additional 9,114 shares during the period.

Shares of Tempur Sealy International (TPX) opened at 60.60 on Friday. The company has a 50-day moving average of $60.62 and a 200 day moving average of $51.12. Tempur Sealy International has a one year low of $39.57 and a one year high of $78.19. The stock has a market cap of $3.27 billion, a PE ratio of 17.09 and a beta of 1.64.

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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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