$0.84 Earnings Per Share Expected for Tempur Sealy International Inc (TPX) This Quarter

Equities analysts expect that Tempur Sealy International Inc (NYSE:TPX) will post earnings per share of $0.84 for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Tempur Sealy International’s earnings. The highest EPS estimate is $0.99 and the lowest is $0.70. Tempur Sealy International reported earnings of $1.18 per share in the same quarter last year, which would indicate a negative year over year growth rate of 28.8%. The firm is scheduled to report its next earnings results on Thursday, February 15th.

According to Zacks, analysts expect that Tempur Sealy International will report full year earnings of $3.25 per share for the current year, with EPS estimates ranging from $3.10 to $3.40. For the next year, analysts anticipate that the company will post earnings of $3.99 per share, with EPS estimates ranging from $3.30 to $5.18. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Tempur Sealy International.

Tempur Sealy International (NYSE:TPX) last announced 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. The business had revenue of $724.80 million for the quarter, compared to analysts’ expectations of $756.10 million. Tempur Sealy International had a return on equity of 1,042.63% and a net margin of 5.79%. The business’s revenue for the quarter was down 12.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.32 EPS.

Several analysts have recently commented on the company. Zacks Investment Research lowered Tempur Sealy International from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. SunTrust Banks reiterated a “hold” rating and set a $60.00 price objective on shares of Tempur Sealy International in a report on Monday, October 2nd. ValuEngine upgraded Tempur Sealy International from a “hold” rating to a “buy” rating in a report on Saturday, September 30th. Wedbush reiterated a “hold” rating on shares of Tempur Sealy International in a report on Friday, December 8th. Finally, Raymond James Financial reiterated a “buy” rating on shares of Tempur Sealy International in a report on Thursday, December 7th. 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 company’s stock. The stock has a consensus rating of “Hold” and an average price target of $62.44.

Shares of Tempur Sealy International (TPX) opened at $61.86 on Friday. 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 stock has a market capitalization of $3,386.29, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 0.96 and a beta of 1.54. Tempur Sealy International has a 52-week low of $39.57 and a 52-week high of $68.05.

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

A number of hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue purchased a new position in Tempur Sealy International in the 4th quarter worth $218,000. Schwab Charles Investment Management Inc. raised its stake in Tempur Sealy International by 4.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 321,339 shares of the company’s stock worth $20,145,000 after acquiring an additional 14,865 shares during the last quarter. Greenlight Capital Inc. raised its stake in Tempur Sealy International by 900.0% in the 3rd quarter. Greenlight Capital Inc. now owns 4,000,000 shares of the company’s stock worth $258,080,000 after acquiring an additional 3,600,000 shares during the last quarter. Sterling Capital Management LLC raised its stake in Tempur Sealy International by 10.6% in the 3rd quarter. Sterling Capital Management LLC now owns 56,095 shares of the company’s stock worth $3,619,000 after acquiring an additional 5,395 shares during the last quarter. Finally, Colony Group LLC purchased a new position in Tempur Sealy International in the 3rd quarter worth $1,592,000.

ILLEGAL ACTIVITY NOTICE: This piece was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright legislation. The original version of this piece can be accessed at https://www.americanbankingnews.com/2018/01/20/0-84-earnings-per-share-expected-for-tempur-sealy-international-inc-tpx-this-quarter.html.

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.

Get a free copy of the Zacks research report on Tempur Sealy International (TPX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.

Leave a Reply