Analysts expect Tempur Sealy International Inc (NYSE:TPX) to post sales of $643.55 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Tempur Sealy International’s earnings, with the highest sales estimate coming in at $659.90 million and the lowest estimate coming in at $620.70 million. Tempur Sealy International posted sales of $722.10 million during the same quarter last year, which suggests a negative year over year growth rate of 10.9%. The company is expected to announce its next earnings results on Thursday, May 3rd.
On average, analysts expect that Tempur Sealy International will report full-year sales of $643.55 million for the current year, with estimates ranging from $2.72 billion to $2.88 billion. For the next fiscal year, analysts expect that the firm will post sales of $2.90 billion per share, with estimates ranging from $2.82 billion to $2.94 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Tempur Sealy International.
Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.03). The company had revenue of $648.20 million for the quarter, compared to analysts’ expectations of $679.41 million. Tempur Sealy International had a return on equity of 348.78% and a net margin of 5.54%. The firm’s quarterly revenue was down 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.18 EPS.
Shares of Tempur Sealy International (TPX) opened at $49.12 on Tuesday. The firm has a market cap of $2,670.00, a P/E ratio of 21.08, a PEG ratio of 0.62 and a beta of 1.39. The company has a current ratio of 1.05, a quick ratio of 0.74 and a debt-to-equity ratio of 14.94. Tempur Sealy International has a 12-month low of $39.57 and a 12-month high of $68.05.
In other news, EVP Richard W. Anderson sold 24,345 shares of Tempur Sealy International 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 transaction, the executive vice president now directly owns 78,236 shares of the company’s stock, valued at approximately $5,084,557.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.10% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Captrust Financial Advisors acquired a new position in Tempur Sealy International in the 4th quarter valued at $122,000. Capital Guardian Trust Co. acquired a new position in Tempur Sealy International in the 3rd quarter valued at $132,000. Amundi Pioneer Asset Management Inc. acquired a new position in Tempur Sealy International in the 4th quarter valued at $167,000. Dynamic Technology Lab Private Ltd acquired a new position in Tempur Sealy International in the 3rd quarter valued at $219,000. Finally, State of Alaska Department of Revenue acquired a new position in Tempur Sealy International in the 4th quarter valued at $218,000.
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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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