Analysts expect that Tempur Sealy International Inc (NYSE:TPX) will announce $719.10 million in sales for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Tempur Sealy International’s earnings. The highest sales estimate is $735.30 million and the lowest is $700.30 million. Tempur Sealy International posted sales of $669.70 million in the same quarter last year, which suggests a positive year over year growth rate of 7.4%. The company is expected to issue its next earnings results on Thursday, July 25th.

According to Zacks, analysts expect that Tempur Sealy International will report full-year sales of $2.90 billion for the current fiscal year, with estimates ranging from $2.87 billion to $2.96 billion. For the next fiscal year, analysts expect that the company will report sales of $3.03 billion, with estimates ranging from $2.97 billion to $3.09 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Tempur Sealy International.

Tempur Sealy International (NYSE:TPX) last announced its earnings results on Thursday, May 2nd. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.47 by $0.07. Tempur Sealy International had a return on equity of 78.28% and a net margin of 3.82%. The business had revenue of $690.90 million during the quarter, compared to the consensus estimate of $666.42 million. During the same period in the prior year, the business posted $0.46 earnings per share. Tempur Sealy International’s revenue was up 8.4% compared to the same quarter last year.

A number of research analysts have recently commented on TPX shares. Barclays started coverage on Tempur Sealy International in a report on Monday, January 28th. They set an “overweight” rating and a $70.00 price objective on the stock. Guggenheim downgraded Tempur Sealy International from a “buy” rating to a “neutral” rating and set a $56.08 price objective for the company. in a research report on Thursday, February 14th. Wedbush reiterated an “outperform” rating and issued a $65.00 price objective on shares of Tempur Sealy International in a research report on Friday, February 15th. Zacks Investment Research upgraded Tempur Sealy International from a “sell” rating to a “hold” rating in a research report on Tuesday, February 19th. Finally, ValuEngine upgraded Tempur Sealy International from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. Tempur Sealy International has an average rating of “Hold” and a consensus target price of $66.87.

In other news, Director Evelyn S. Dilsaver sold 470 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $60.88, for a total value of $28,613.60. Following the completion of the transaction, the director now directly owns 19,636 shares of the company’s stock, valued at approximately $1,195,439.68. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Scott Vollet sold 3,873 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $65.39, for a total value of $253,255.47. Following the completion of the transaction, the executive vice president now directly owns 21,150 shares of the company’s stock, valued at $1,382,998.50. The disclosure for this sale can be found here. Insiders sold a total of 4,888 shares of company stock valued at $312,444 in the last quarter. Corporate insiders own 3.23% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of TPX. Morgan Stanley boosted its position in shares of Tempur Sealy International by 240.7% in the 3rd quarter. Morgan Stanley now owns 407,051 shares of the company’s stock worth $21,534,000 after purchasing an additional 287,569 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Tempur Sealy International by 42.3% during the fourth quarter. Bank of Montreal Can now owns 19,209 shares of the company’s stock worth $796,000 after acquiring an additional 5,711 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Tempur Sealy International by 16.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,382 shares of the company’s stock worth $140,000 after acquiring an additional 471 shares during the period. Arizona State Retirement System boosted its holdings in shares of Tempur Sealy International by 1.1% during the fourth quarter. Arizona State Retirement System now owns 32,857 shares of the company’s stock worth $1,360,000 after acquiring an additional 356 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of Tempur Sealy International by 38.8% during the fourth quarter. Rhumbline Advisers now owns 120,656 shares of the company’s stock worth $4,995,000 after acquiring an additional 33,712 shares during the period.

Shares of NYSE TPX traded down $0.98 during mid-day trading on Monday, hitting $63.05. 11,056 shares of the company traded hands, compared to its average volume of 782,960. Tempur Sealy International has a 1 year low of $38.90 and a 1 year high of $68.42. The company has a market cap of $3.49 billion, a price-to-earnings ratio of 21.23, a P/E/G ratio of 0.92 and a beta of 1.85. The company has a quick ratio of 0.85, a current ratio of 1.18 and a debt-to-equity ratio of 6.95.

Tempur Sealy International Company Profile

Tempur Sealy International, Inc develops, manufactures, markets and distributes bedding products. It operates through North America and International segments. The North America segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the U.S.

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

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