Tempur Sealy International, Inc. (NYSE:TPX) – Stock analysts at SunTrust Banks raised their Q3 2017 EPS estimates for shares of Tempur Sealy International in a report released on Thursday. SunTrust Banks analyst K. Hughes now anticipates that the company will earn $0.93 per share for the quarter, up from their prior forecast of $0.80. SunTrust Banks has a “Hold” rating on the stock. SunTrust Banks also issued estimates for Tempur Sealy International’s FY2017 earnings at $3.16 EPS, Q1 2018 earnings at $0.73 EPS and Q4 2018 earnings at $1.05 EPS.
TPX has been the subject of several other reports. Raymond James Financial, Inc. reiterated a “strong-buy” rating and set a $55.00 price objective on shares of Tempur Sealy International in a research note on Wednesday, June 28th. BidaskClub upgraded Tempur Sealy International from a “hold” rating to a “buy” rating in a research note on Saturday, June 24th. Zacks Investment Research lowered Tempur Sealy International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 20th. Piper Jaffray Companies set a $61.00 price objective on Tempur Sealy International and gave the stock a “hold” rating in a research note on Thursday, July 27th. Finally, KeyCorp reiterated an “equal weight” rating on shares of Tempur Sealy International in a research note on Thursday, April 20th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a strong buy rating to the company’s stock. Tempur Sealy International has an average rating of “Hold” and an average price target of $57.00.
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Tempur Sealy International (TPX) opened at 57.67 on Monday. Tempur Sealy International has a one year low of $39.57 and a one year high of $82.32. The firm has a market cap of $3.11 billion, a P/E ratio of 16.26 and a beta of 1.66. The stock’s 50 day moving average is $52.64 and its 200 day moving average is $48.94.
Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.05. Tempur Sealy International had a net margin of 6.69% and a return on equity of 617.75%. The company had revenue of $659.30 million during the quarter, compared to the consensus estimate of $661.65 million. During the same quarter in the previous year, the company posted $0.92 earnings per share. The company’s revenue for the quarter was down 18.0% compared to the same quarter last year.
In other news, Director Usman Nabi purchased 100,000 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The shares were acquired at an average price of $47.37 per share, for a total transaction of $4,737,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Rehan Jaffer purchased 200,000 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The stock was purchased at an average price of $48.09 per share, for a total transaction of $9,618,000.00. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 2,122,750 shares of company stock worth $101,698,731. 2.10% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Neuberger Berman Group LLC purchased a new position in Tempur Sealy International during the first quarter valued at about $14,268,000. ICONIQ Capital LLC boosted its position in Tempur Sealy International by 26.1% in the first quarter. ICONIQ Capital LLC now owns 108,268 shares of the company’s stock valued at $5,030,000 after buying an additional 22,434 shares in the last quarter. Quotient Investors LLC purchased a new position in Tempur Sealy International during the first quarter valued at about $269,000. State Street Corp boosted its position in Tempur Sealy International by 14.9% in the first quarter. State Street Corp now owns 3,602,464 shares of the company’s stock valued at $167,372,000 after buying an additional 466,161 shares in the last quarter. Finally, Morgan Stanley boosted its position in Tempur Sealy International by 99.6% in the first quarter. Morgan Stanley now owns 233,881 shares of the company’s stock valued at $10,866,000 after buying an additional 116,718 shares in the last quarter.
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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