Brokerages expect that Tempur Sealy International Inc (NYSE:TPX) will post $685.45 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Tempur Sealy International’s earnings. The highest sales estimate is $695.00 million and the lowest is $675.80 million. Tempur Sealy International posted sales of $769.50 million during the same quarter last year, which suggests a negative year over year growth rate of 10.9%. The company is expected to issue its next earnings results on Thursday, February 15th.

According to Zacks, analysts expect that Tempur Sealy International will report full-year sales of $685.45 million for the current fiscal year, with estimates ranging from $2.78 billion to $2.80 billion. For the next year, analysts anticipate that the firm will report sales of $2.87 billion per share, with estimates ranging from $2.81 billion to $2.90 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Tempur Sealy International.

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

Several brokerages have recently weighed in on TPX. Zacks Investment Research upgraded Tempur Sealy International from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a report on Friday. SunTrust Banks restated a “hold” rating and set a $60.00 price target on shares of Tempur Sealy International in a report on Monday, October 2nd. Stifel Nicolaus restated a “buy” rating and set a $80.00 price target on shares of Tempur Sealy International in a report on Friday, November 3rd. Wedbush restated a “hold” rating on shares of Tempur Sealy International in a report on Friday, December 8th. Finally, TheStreet upgraded Tempur Sealy International from a “c” rating to a “b” rating in a report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $62.67.

Shares of Tempur Sealy International (NYSE TPX) traded down $0.04 during trading hours on Friday, hitting $62.96. The stock had a trading volume of 523,700 shares, compared to its average volume of 614,167. Tempur Sealy International has a 1 year low of $39.57 and a 1 year high of $70.09. The company has a debt-to-equity ratio of 20.03, a current ratio of 1.08 and a quick ratio of 0.77. The company has a market capitalization of $3,413.38, a P/E ratio of 20.99, a PEG ratio of 1.09 and a beta of 1.54.

In other Tempur Sealy International news, CEO Scott L. Thompson acquired 19,565 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were bought 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 of the company’s stock, valued at approximately $12,542,522.61. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Richard W. Anderson sold 24,345 shares of the stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $64.99, for a total value of $1,582,181.55. Following the sale, 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. Company insiders own 2.10% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in TPX. IHT Wealth Management LLC purchased a new position in Tempur Sealy International in the second quarter worth about $446,000. Capital Guardian Trust Co. purchased a new position in Tempur Sealy International in the third quarter worth about $132,000. Zurcher Kantonalbank Zurich Cantonalbank boosted 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 worth $116,000 after purchasing an additional 234 shares during the last quarter. Sei Investments Co. boosted 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 worth $120,000 after purchasing an additional 421 shares during the last quarter. Finally, World Asset Management Inc purchased a new position in Tempur Sealy International in the third quarter worth about $202,000.

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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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