Tempur Sealy International, Inc. (NYSE:TPX) – Stock analysts at SunTrust Banks cut their Q3 2017 earnings estimates for Tempur Sealy International in a research note issued to investors on Monday. SunTrust Banks analyst K. Hughes now anticipates that the company will post earnings of $0.91 per share for the quarter, down from their prior estimate of $0.93. SunTrust Banks has a “Hold” rating and a $60.00 price target on the stock. SunTrust Banks also issued estimates for Tempur Sealy International’s FY2017 earnings at $3.14 EPS.

A number of other analysts have also recently issued reports on TPX. Zacks Investment Research upgraded shares of Tempur Sealy International from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research note on Wednesday, August 2nd. ValuEngine raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating in a report on Saturday. Piper Jaffray Companies raised shares of Tempur Sealy International from a “neutral” rating to an “overweight” rating and increased their price target for the company from $61.00 to $80.00 in a report on Monday, August 14th. Stifel Nicolaus upgraded shares of Tempur Sealy International from a “hold” rating to a “buy” rating and raised their price objective for the stock from $60.00 to $80.00 in a research report on Tuesday, August 22nd. Finally, BidaskClub upgraded shares of Tempur Sealy International from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $63.00.

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Tempur Sealy International (NYSE TPX) opened at 65.90 on Wednesday. The firm has a market capitalization of $3.56 billion, a price-to-earnings ratio of 18.58 and a beta of 1.67. The company has a 50 day moving average price of $61.86 and a 200-day moving average price of $52.71. Tempur Sealy International has a 52 week low of $39.57 and a 52 week high of $70.45.

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

A number of institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company increased its holdings in Tempur Sealy International by 5.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,323,574 shares of the company’s stock valued at $391,005,000 after buying an additional 373,986 shares during the period. BlackRock Inc. raised its position in shares of Tempur Sealy International by 15,212.6% in the 1st 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. State Street Corp raised its position in shares of Tempur Sealy International by 14.9% in the 1st quarter. State Street Corp now owns 3,602,464 shares of the company’s stock valued at $167,372,000 after buying an additional 466,161 shares in the last quarter. Dynamo Internacional Gestao DE Recursos LTDA. raised its position in shares of Tempur Sealy International by 5.1% in the 2nd quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 2,932,157 shares of the company’s stock valued at $156,548,000 after buying an additional 143,395 shares in the last quarter. Finally, Timucuan Asset Management Inc. FL raised its position in shares of Tempur Sealy International by 1.7% in the 2nd quarter. Timucuan Asset Management Inc. FL now owns 1,591,195 shares of the company’s stock valued at $84,954,000 after buying an additional 26,135 shares in the last quarter.

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.

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

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