Analysts Offer Predictions for Tempur Sealy International Inc’s FY2018 Earnings (TPX)
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) 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.
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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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