Zacks: Brokerages Anticipate Tempur Sealy International Inc (TPX) Will Announce Quarterly Sales of $685.45 Million

Equities research analysts expect that Tempur Sealy International Inc (NYSE:TPX) will report sales of $685.45 million for the current quarter, Zacks reports. Six analysts have provided estimates for Tempur Sealy International’s earnings, with estimates ranging from $675.80 million to $695.00 million. Tempur Sealy International reported sales of $769.50 million in the same quarter last year, which indicates a negative year over year growth rate of 10.9%. The business is expected to announce its next earnings results before the market opens on Thursday, February 22nd.

On average, analysts expect that Tempur Sealy International will report full year sales of $685.45 million for the current year, with estimates ranging from $2.78 billion to $2.80 billion. For the next financial year, analysts forecast that the firm will report sales of $2.88 billion per share, with estimates ranging from $2.81 billion to $2.92 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Tempur Sealy International.

A number of equities analysts recently issued reports on TPX shares. Zacks Investment Research downgraded shares of Tempur Sealy International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 2nd. Raymond James Financial reissued a “buy” rating on shares of Tempur Sealy International in a report on Thursday, December 7th. TheStreet raised shares of Tempur Sealy International from a “c” rating to a “b” rating in a report on Thursday, November 2nd. Wedbush reissued a “hold” rating on shares of Tempur Sealy International in a report on Friday, December 8th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $80.00 price objective on shares of Tempur Sealy International in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $64.00.

Tempur Sealy International (NYSE TPX) opened at $56.54 on Wednesday. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 20.03. The stock has a market cap of $3,000.00, a P/E ratio of 18.60, a P/E/G ratio of 0.88 and a beta of 1.27. Tempur Sealy International has a 1-year low of $39.57 and a 1-year high of $68.05.

In other news, EVP H Clifford Buster III bought 18,800 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were bought at an average price of $53.03 per share, for a total transaction of $996,964.00. Following the purchase, the executive vice president now owns 18,800 shares in the company, valued at $996,964. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Richard W. Anderson sold 24,345 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $64.99, for a total transaction of $1,582,181.55. Following the sale, the executive vice president now owns 78,236 shares in the company, valued at approximately $5,084,557.64. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Flinton Capital Management LLC raised its stake in Tempur Sealy International by 64.1% during the 2nd quarter. Flinton Capital Management LLC now owns 4,352 shares of the company’s stock worth $232,000 after acquiring an additional 1,700 shares during the period. New York State Common Retirement Fund raised its stake in Tempur Sealy International by 1.8% during the 3rd quarter. New York State Common Retirement Fund now owns 104,200 shares of the company’s stock worth $6,723,000 after acquiring an additional 1,800 shares during the period. Ameriprise Financial Inc. raised its stake in Tempur Sealy International by 1.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 167,817 shares of the company’s stock worth $10,827,000 after acquiring an additional 1,945 shares during the period. Capital Guardian Trust Co. bought a new stake in shares of Tempur Sealy International during the third quarter valued at approximately $132,000. Finally, Westbourne Investment Advisors Inc. raised its position in shares of Tempur Sealy International by 15.4% during the fourth quarter. Westbourne Investment Advisors Inc. now owns 17,020 shares of the company’s stock valued at $1,067,000 after buying an additional 2,275 shares during 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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