Equities analysts expect Tempur Sealy International Inc (NYSE:TPX) to post earnings per share of $0.95 for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Tempur Sealy International’s earnings. The highest EPS estimate is $1.02 and the lowest is $0.87. Tempur Sealy International reported earnings per share of $0.79 in the same quarter last year, which would suggest a positive year-over-year growth rate of 20.3%. The company is expected to announce its next earnings results on Thursday, February 28th.
On average, analysts expect that Tempur Sealy International will report full-year earnings of $2.93 per share for the current year, with EPS estimates ranging from $2.90 to $2.98. For the next year, analysts forecast that the company will report earnings of $3.80 per share, with EPS estimates ranging from $3.25 to $4.50. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that follow Tempur Sealy International.
Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings data on Thursday, November 1st. The company reported $1.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.18 by ($0.16). Tempur Sealy International had a return on equity of 97.08% and a net margin of 5.12%. The business had revenue of $729.50 million during the quarter, compared to the consensus estimate of $744.03 million. During the same quarter last year, the company earned $1.01 EPS. Tempur Sealy International’s revenue for the quarter was up 2.5% on a year-over-year basis.
TPX has been the topic of several recent research reports. Wedbush set a $65.00 price objective on shares of Tempur Sealy International and gave the stock a “buy” rating in a research note on Monday, August 20th. ValuEngine upgraded shares of Tempur Sealy International from a “sell” rating to a “hold” rating in a research note on Wednesday, August 22nd. UBS Group upgraded shares of Tempur Sealy International from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $45.00 to $55.00 in a research note on Wednesday, October 3rd. Zacks Investment Research cut shares of Tempur Sealy International from a “hold” rating to a “sell” rating in a research note on Wednesday, October 24th. Finally, Loop Capital reiterated a “sell” rating on shares of Tempur Sealy International in a research note on Thursday, November 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $58.13.
Shares of NYSE:TPX opened at $49.91 on Friday. Tempur Sealy International has a twelve month low of $41.10 and a twelve month high of $65.73. The company has a current ratio of 1.20, a quick ratio of 0.90 and a debt-to-equity ratio of 7.71. The company has a market capitalization of $2.79 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 0.93 and a beta of 1.62.
Institutional investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors increased its holdings in Tempur Sealy International by 111.1% in the 2nd quarter. Captrust Financial Advisors now owns 2,880 shares of the company’s stock worth $138,000 after acquiring an additional 1,516 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in Tempur Sealy International in the 2nd quarter worth approximately $174,000. Rehmann Capital Advisory Group increased its holdings in Tempur Sealy International by 5,189.8% in the 3rd quarter. Rehmann Capital Advisory Group now owns 9,310 shares of the company’s stock worth $176,000 after acquiring an additional 9,134 shares in the last quarter. Cubist Systematic Strategies LLC increased its holdings in Tempur Sealy International by 90.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 4,210 shares of the company’s stock worth $202,000 after acquiring an additional 2,003 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC purchased a new stake in Tempur Sealy International in the 3rd quarter worth approximately $206,000.
About Tempur Sealy International
Tempur Sealy International, Inc, together with its subsidiaries, develops, manufactures, markets, and distributes bedding products. The company operates through two segments, North America and International. It provides mattresses, foundations, and adjustable bases, as well as other products comprising pillows and other accessories under the TEMPUR, Tempur-Pedic, Sealy, and Stearns & Foster brands.
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