Zacks: Brokerages Expect Tempur Sealy International, Inc. (TPX) Will Post Quarterly Sales of $687.27 Million

Equities research analysts forecast that Tempur Sealy International, Inc. (NYSE:TPX) will report sales of $687.27 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Tempur Sealy International’s earnings, with the lowest sales estimate coming in at $675.80 million and the highest estimate coming in at $699.40 million. Tempur Sealy International reported sales of $769.50 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 10.7%. The firm is scheduled to announce its next earnings results on Thursday, February 15th.

According to Zacks, analysts expect that Tempur Sealy International will report full-year sales of $687.27 million for the current fiscal year, with estimates ranging from $2.78 billion to $2.81 billion. For the next financial year, analysts anticipate that the company will report sales of $2.88 billion per share, with estimates ranging from $2.81 billion to $2.92 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Tempur Sealy International.

Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.03. The company had revenue of $724.80 million during the quarter, compared to the consensus estimate of $756.10 million. Tempur Sealy International had a return on equity of 1,042.63% and a net margin of 5.79%. The company’s revenue for the quarter was down 12.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.32 earnings per share.

Several brokerages recently 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 for the company in a research report on Friday, August 18th. SunTrust Banks reiterated a “hold” rating and set a $60.00 target price on shares of Tempur Sealy International in a research note on Monday, October 2nd. Stifel Nicolaus reiterated a “buy” rating and set a $80.00 target price on shares of Tempur Sealy International in a research note on Friday, November 3rd. Finally, Piper Jaffray Companies upgraded Tempur Sealy International from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $61.00 to $80.00 in a research note on Monday, August 14th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $61.33.

Tempur Sealy International (NYSE TPX) opened at $57.91 on Friday. Tempur Sealy International has a 52-week low of $39.57 and a 52-week high of $70.45. The company has a current ratio of 1.08, a quick ratio of 0.77 and a debt-to-equity ratio of 20.03. The company has a market capitalization of $3,140.00, a P/E ratio of 15.93, a P/E/G ratio of 1.17 and a beta of 1.60.

In other news, EVP H Clifford Buster III acquired 18,800 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were bought at an average price of $53.03 per share, with a total value of $996,964.00. Following the acquisition, the executive vice president now directly owns 18,800 shares in the company, valued at approximately $996,964. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Scott L. Thompson acquired 19,565 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were purchased at an average cost of $51.19 per share, for a total transaction of $1,001,532.35. Following the acquisition, the chief executive officer now owns 245,019 shares in the company, valued at $12,542,522.61. The disclosure for this purchase can be found here. Company insiders own 2.10% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings 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 during the period. Sei Investments Co. lifted its holdings 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 during the period. Capital Guardian Trust Co. acquired a new position in Tempur Sealy International during the 3rd quarter worth about $132,000. LS Investment Advisors LLC lifted its holdings in Tempur Sealy International by 18.4% during the 2nd quarter. LS Investment Advisors LLC now owns 3,765 shares of the company’s stock worth $201,000 after buying an additional 586 shares during the period. Finally, Shelton Capital Management acquired a new position in Tempur Sealy International during the 2nd quarter worth about $201,000.

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

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