Tempur Sealy International Inc (NYSE:TPX) – Wedbush upped their FY2018 EPS estimates for Tempur Sealy International in a report released on Thursday. Wedbush analyst S. Basham now forecasts that the company will earn $4.07 per share for the year, up from their prior forecast of $3.60. Wedbush currently has a “Hold” rating on the stock.

Other equities analysts have also recently issued reports about the stock. TheStreet upgraded shares of Tempur Sealy International from a “c” rating to a “b” rating in a research note on Thursday, November 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $80.00 target price on shares of Tempur Sealy International in a research note on Friday, November 3rd. ValuEngine upgraded shares of Tempur Sealy International from a “hold” rating to a “buy” rating in a research report on Saturday, September 30th. Zacks Investment Research upgraded shares of Tempur Sealy International from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research report on Friday, September 22nd. Finally, Raymond James Financial restated a “buy” rating on shares of Tempur Sealy International in a research report on Thursday, December 7th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $62.44.

Tempur Sealy International (NYSE TPX) opened at $63.95 on Monday. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 20.03. Tempur Sealy International has a 12 month low of $39.57 and a 12 month high of $68.05. The stock has a market cap of $3,464.85, a price-to-earnings ratio of 21.32, a P/E/G ratio of 0.98 and a beta of 1.54.

Tempur Sealy International (NYSE:TPX) last posted its earnings results on Thursday, November 2nd. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $724.80 million during the quarter, compared to analysts’ expectations of $756.10 million. During the same period in the previous year, the business posted $1.32 EPS. The business’s revenue was down 12.9% compared to the same quarter last year.

In other news, EVP Richard W. Anderson sold 24,345 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now owns 78,236 shares of the company’s stock, valued at $5,084,557.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Scott L. Thompson bought 19,565 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were acquired at an average cost of $51.19 per share, with a total value of $1,001,532.35. Following the acquisition, the chief executive officer now directly owns 245,019 shares of the company’s stock, valued at $12,542,522.61. The disclosure for this purchase can be found here. 2.10% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. IHT Wealth Management LLC purchased a new stake in shares of Tempur Sealy International during the second quarter worth $446,000. Capital Guardian Trust Co. purchased a new stake in shares of Tempur Sealy International during the third quarter worth $132,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Tempur Sealy International by 12.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,165 shares of the company’s stock worth $116,000 after buying an additional 234 shares in the last quarter. World Asset Management Inc purchased a new stake in shares of Tempur Sealy International during the third quarter worth $202,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Tempur Sealy International during the third quarter worth $219,000.

COPYRIGHT VIOLATION NOTICE: “Analysts Offer Predictions for Tempur Sealy International Inc’s FY2018 Earnings (TPX)” was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this piece on another site, it was copied illegally and republished in violation of United States and international trademark and copyright laws. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2018/01/15/analysts-offer-predictions-for-tempur-sealy-international-incs-fy2018-earnings-tpx.html.

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.

Receive News & Ratings for Tempur Sealy International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tempur Sealy International and related companies with MarketBeat.com's FREE daily email newsletter.