Analysts predict that Tempur Sealy International, Inc. (NYSE:TPX) will report sales of $757.10 million for the current quarter, according to Zacks. Six analysts have made estimates for Tempur Sealy International’s earnings, with the highest sales estimate coming in at $763.90 million and the lowest estimate coming in at $749.90 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 9%. The company is scheduled to issue its next earnings report on Thursday, October 26th.

On average, analysts expect that Tempur Sealy International will report full year sales of $757.10 million for the current fiscal year, with estimates ranging from $2.83 billion to $2.87 billion. For the next financial year, analysts anticipate that the company will post sales of $2.94 billion per share, with estimates ranging from $2.89 billion to $3.00 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Tempur Sealy International.

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

Several equities analysts have recently issued reports on TPX shares. Stifel Nicolaus raised Tempur Sealy International from a “hold” rating to a “buy” rating and boosted their price objective for the company from $60.00 to $80.00 in a report on Tuesday, August 22nd. Zacks Investment Research raised Tempur Sealy International from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a report on Friday, August 18th. BidaskClub raised Tempur Sealy International from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Bank of America Corporation reissued a “buy” rating and issued a $85.00 price objective (up previously from $75.00) on shares of Tempur Sealy International in a report on Wednesday, August 30th. Finally, ValuEngine raised Tempur Sealy International from a “hold” rating to a “buy” rating in a report on Saturday, September 30th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. Tempur Sealy International currently has an average rating of “Hold” and an average target price of $63.00.

Large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its stake in Tempur Sealy International by 14.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,131 shares of the company’s stock worth $100,000 after buying an additional 273 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Tempur Sealy International by 12.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,165 shares of the company’s stock worth $116,000 after buying an additional 234 shares in the last quarter. Sei Investments Co. increased its stake in Tempur Sealy International by 23.1% during the 2nd quarter. Sei Investments Co. now owns 2,247 shares of the company’s stock worth $120,000 after buying an additional 421 shares in the last quarter. NEXT Financial Group Inc increased its stake in Tempur Sealy International by 9,500.0% during the 2nd quarter. NEXT Financial Group Inc now owns 2,400 shares of the company’s stock worth $128,000 after buying an additional 2,375 shares in the last quarter. Finally, Blueport Capital L.P. grew its position in shares of Tempur Sealy International by 41.2% in the first quarter. Blueport Capital L.P. now owns 3,026 shares of the company’s stock valued at $141,000 after purchasing an additional 883 shares in the last quarter.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of United States and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/10/05/zacks-brokerages-expect-tempur-sealy-international-inc-tpx-will-post-quarterly-sales-of-757-10-million.html.

Shares of Tempur Sealy International (NYSE TPX) opened at 66.11 on Thursday. The stock has a market cap of $3.57 billion, a PE ratio of 18.64 and a beta of 1.67. The firm has a 50-day moving average price of $62.00 and a 200-day moving average price of $52.81. Tempur Sealy International has a 12 month low of $39.57 and a 12 month high of $70.45.

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.

Get a free copy of the Zacks research report on Tempur Sealy International (TPX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Tempur Sealy International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tempur Sealy International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.