Zacks: Brokerages Expect Tempur Sealy International, Inc. (TPX) Will Announce Quarterly Sales of $757.10 Million
Wall Street analysts predict that Tempur Sealy International, Inc. (NYSE:TPX) will announce sales of $757.10 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Tempur Sealy International’s earnings. The lowest sales estimate is $749.90 million and the highest is $763.90 million. Tempur Sealy International reported sales of $832.40 million during the same quarter last year, which would suggest a negative year over year growth rate of 9%. The business is expected to announce its next earnings results before the market opens on Thursday, November 2nd.
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 fiscal year, analysts forecast that the company will post 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 research firms that cover Tempur Sealy International.
Tempur Sealy International (NYSE:TPX) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $659.30 million during the quarter, compared to the consensus estimate of $661.65 million. During the same quarter last year, the company earned $0.92 earnings per share. The business’s quarterly revenue was down 18.0% compared to the same quarter last year.
Several brokerages have commented on TPX. Zacks Investment Research raised Tempur Sealy International from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research report on Friday, August 18th. BidaskClub raised Tempur Sealy International from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 31st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $47.00 price target on shares of Tempur Sealy International in a research report on Friday, July 14th. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $60.00 price target on shares of Tempur Sealy International in a research report on Monday, October 2nd. Finally, Piper Jaffray Companies set a $61.00 price target on Tempur Sealy International and gave the stock a “hold” rating in a research report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. Tempur Sealy International has a consensus rating of “Hold” and a consensus target price of $63.00.
Shares of Tempur Sealy International (NYSE:TPX) opened at 67.30 on Monday. The firm has a market cap of $3.63 billion, a P/E ratio of 18.98 and a beta of 1.67. The stock’s 50 day moving average is $63.49 and its 200-day moving average is $54.50. Tempur Sealy International has a 52-week low of $39.57 and a 52-week high of $70.45.
Several institutional investors and hedge funds have recently added to or reduced their stakes in TPX. PNC Financial Services Group Inc. increased its position in shares of Tempur Sealy International by 14.7% during the first quarter. PNC Financial Services Group Inc. now owns 2,131 shares of the company’s stock valued at $100,000 after purchasing an additional 273 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Tempur Sealy International by 12.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,165 shares of the company’s stock valued at $116,000 after acquiring an additional 234 shares during the period. Sei Investments Co. grew its position in Tempur Sealy International by 23.1% in the second quarter. Sei Investments Co. now owns 2,247 shares of the company’s stock valued at $120,000 after acquiring an additional 421 shares during the period. NEXT Financial Group Inc grew its position in Tempur Sealy International by 9,500.0% in the second quarter. NEXT Financial Group Inc now owns 2,400 shares of the company’s stock valued at $128,000 after acquiring an additional 2,375 shares during the period. Finally, James Investment Research Inc. bought a new stake in Tempur Sealy International in the second quarter valued at $183,000.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.