Tempur Sealy International, Inc. (TPX) Announces Earnings Results, Beats Expectations By $0.03 EPS
Tempur Sealy International, Inc. (NYSE:TPX) issued its earnings results on Thursday. The company reported $1.00 EPS for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.03, Bloomberg Earnings reports. The firm had revenue of $724.80 million for the quarter, compared to analyst estimates of $756.10 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 12.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.32 earnings per share.
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TPX has been the topic of a number of recent research reports. Bank of America Corporation reiterated a “buy” rating and issued a $85.00 target price (up previously from $75.00) on shares of Tempur Sealy International in a research report on Wednesday, August 30th. Zacks Investment Research upgraded Tempur Sealy International from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research report on Friday, September 8th. Stifel Nicolaus reiterated a “hold” rating and issued a $47.00 target price on shares of Tempur Sealy International in a research report on Friday, July 14th. Piper Jaffray Companies set a $61.00 target price on Tempur Sealy International and gave the company a “hold” rating in a research report on Thursday, July 27th. Finally, BidaskClub upgraded Tempur Sealy International from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 31st. Three analysts have rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $63.00.
Tempur Sealy International Company Profile
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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