Tempur Sealy International, Inc. Expected to Post Q3 2017 Earnings of $0.93 Per Share (TPX)

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.

Earnings History and Estimates for Tempur Sealy International (NYSE:TPX)

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