FY2018 Earnings Estimate for Tempur Sealy International Inc Issued By KeyCorp (TPX)

Tempur Sealy International Inc (NYSE:TPX) – Stock analysts at KeyCorp raised their FY2018 EPS estimates for shares of Tempur Sealy International in a report released on Wednesday. KeyCorp analyst B. Thomas now anticipates that the company will earn $4.28 per share for the year, up from their prior forecast of $3.90.

Several other equities research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Tempur Sealy International from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. SunTrust Banks reissued a “hold” rating and issued a $55.00 target price on shares of Tempur Sealy International in a research report on Friday, November 3rd. Raymond James Financial reissued a “buy” rating on shares of Tempur Sealy International in a research report on Thursday, December 7th. Stifel Nicolaus reissued a “buy” rating and issued a $80.00 target price on shares of Tempur Sealy International in a research report on Friday, November 3rd. Finally, ValuEngine cut shares of Tempur Sealy International from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Tempur Sealy International presently has a consensus rating of “Hold” and an average price target of $61.33.

Tempur Sealy International (TPX) traded down $0.04 on Friday, hitting $62.96. 523,700 shares of the company traded hands, compared to its average volume of 614,167. The company has a debt-to-equity ratio of 20.03, a current ratio of 1.08 and a quick ratio of 0.77. Tempur Sealy International has a twelve month low of $39.57 and a twelve month high of $70.09. The firm has a market capitalization of $3,413.38, a PE ratio of 20.99, a PEG ratio of 1.09 and a beta of 1.54.

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

In other Tempur Sealy International news, CEO Scott L. Thompson purchased 19,565 shares of Tempur Sealy International stock in a transaction on Tuesday, November 7th. The shares were purchased at an average cost of $51.19 per share, with a total value of $1,001,532.35. Following the completion of the transaction, the chief executive officer now directly owns 245,019 shares in the company, valued at approximately $12,542,522.61. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Richard W. Anderson sold 24,345 shares of Tempur Sealy International stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $64.99, for a total transaction of $1,582,181.55. Following the transaction, the executive vice president now directly owns 78,236 shares in the company, valued at $5,084,557.64. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.

A number of hedge funds have recently made changes to their positions in TPX. Sei Investments Co. lifted its position in Tempur Sealy International by 23.1% during the second quarter. Sei Investments Co. now owns 2,247 shares of the company’s stock valued at $120,000 after buying an additional 421 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in Tempur Sealy International by 13.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 283,050 shares of the company’s stock valued at $15,113,000 after buying an additional 34,094 shares in the last quarter. Legal & General Group Plc lifted its position in Tempur Sealy International by 15.3% during the second quarter. Legal & General Group Plc now owns 48,863 shares of the company’s stock valued at $2,609,000 after buying an additional 6,493 shares in the last quarter. Comerica Bank lifted its position in Tempur Sealy International by 0.4% during the second quarter. Comerica Bank now owns 36,916 shares of the company’s stock valued at $2,059,000 after buying an additional 154 shares in the last quarter. Finally, Federated Investors Inc. PA lifted its position in Tempur Sealy International by 60.7% during the second quarter. Federated Investors Inc. PA now owns 24,459 shares of the company’s stock valued at $1,305,000 after buying an additional 9,241 shares in the last quarter.

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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.

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