Tempur Sealy International, Inc. (NYSE:TPX) – Equities researchers at Wedbush raised their FY2017 EPS estimates for shares of Tempur Sealy International in a research report issued on Friday, according to Zacks Investment Research. Wedbush analyst S. Basham now anticipates that the company will post earnings per share of $3.23 for the year, up from their prior forecast of $3.17. Wedbush also issued estimates for Tempur Sealy International’s Q4 2017 earnings at $0.82 EPS, Q1 2018 earnings at $0.80 EPS, Q2 2018 earnings at $0.61 EPS and FY2018 earnings at $3.60 EPS.
Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.03. The firm had revenue of $724.80 million during the quarter, compared to the consensus estimate of $756.10 million. Tempur Sealy International had a return on equity of 1,042.63% and a net margin of 5.79%. The business’s revenue for the quarter was down 12.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.32 EPS. ILLEGAL ACTIVITY WARNING: This piece of content was reported by Week Herald and is the property of of Week Herald. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://weekherald.com/2017/11/15/fy2017-eps-estimates-for-tempur-sealy-international-inc-lifted-by-analyst-tpx.html.
Several other brokerages also recently issued reports on TPX. Zacks Investment Research downgraded Tempur Sealy International from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. BidaskClub raised Tempur Sealy International from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 31st. SunTrust Banks, Inc. reissued a “hold” rating and issued a $60.00 price objective on shares of Tempur Sealy International in a research note on Monday, October 2nd. TheStreet raised Tempur Sealy International from a “c” rating to a “b” rating in a research note on Thursday, November 2nd. Finally, ValuEngine raised Tempur Sealy International from a “hold” rating to a “buy” rating in a research note on Saturday, September 30th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. Tempur Sealy International presently has a consensus rating of “Hold” and a consensus price target of $61.33.
Shares of Tempur Sealy International (NYSE:TPX) opened at $53.67 on Monday. The stock has a market capitalization of $2,904.62, a PE ratio of 14.93, a P/E/G ratio of 1.09 and a beta of 1.60. The company has a debt-to-equity ratio of 20.03, a current ratio of 1.08 and a quick ratio of 0.77. Tempur Sealy International has a one year low of $39.57 and a one year high of $70.45.
In related news, EVP H Clifford Buster III acquired 18,800 shares of the stock in a transaction dated Thursday, November 9th. The shares were acquired at an average price of $53.03 per share, with a total value of $996,964.00. Following the acquisition, the executive vice president now owns 18,800 shares in the company, valued at approximately $996,964. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Scott L. Thompson bought 19,565 shares of the stock in a transaction on Tuesday, November 7th. The stock was acquired at an average cost of $51.19 per share, for a total transaction of $1,001,532.35. Following the acquisition, the chief executive officer now directly owns 245,019 shares in the company, valued at $12,542,522.61. The disclosure for this purchase can be found here. Corporate insiders own 2.10% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Morgan Stanley grew its holdings in Tempur Sealy International by 99.6% in the 1st 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 during the last quarter. SG Americas Securities LLC grew its holdings in Tempur Sealy International by 22.3% in the 2nd quarter. SG Americas Securities LLC now owns 29,617 shares of the company’s stock valued at $1,581,000 after buying an additional 5,394 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Tempur Sealy International by 3.8% in the 2nd quarter. Principal Financial Group Inc. now owns 200,825 shares of the company’s stock valued at $10,722,000 after buying an additional 7,274 shares during the last quarter. BlackRock Inc. grew its holdings in Tempur Sealy International by 15,212.6% in the 1st quarter. BlackRock Inc. now owns 3,784,051 shares of the company’s stock valued at $175,806,000 after buying an additional 3,759,339 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Tempur Sealy International by 2.4% in the 1st quarter. Geode Capital Management LLC now owns 353,195 shares of the company’s stock valued at $16,409,000 after buying an additional 8,185 shares during the last quarter.
Tempur Sealy International Company Profile
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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