Equities analysts forecast that Tempur Sealy International Inc (NYSE:TPX) will announce sales of $738.47 million for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Tempur Sealy International’s earnings. The lowest sales estimate is $731.50 million and the highest is $751.00 million. Tempur Sealy International posted sales of $724.80 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.9%. The business is expected to announce its next earnings report before the market opens on Thursday, November 1st.
According to Zacks, analysts expect that Tempur Sealy International will report full year sales of $2.72 billion for the current fiscal year, with estimates ranging from $2.70 billion to $2.74 billion. For the next year, analysts forecast that the business will post sales of $2.83 billion, with estimates ranging from $2.75 billion to $2.88 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Tempur Sealy International.
Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings results on Thursday, July 26th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.11). Tempur Sealy International had a return on equity of 120.57% and a net margin of 5.21%. The company had revenue of $669.70 million for the quarter, compared to analyst estimates of $691.93 million. During the same period last year, the company posted $0.45 EPS. The business’s revenue for the quarter was up 1.6% on a year-over-year basis.
Several brokerages recently commented on TPX. ValuEngine lowered shares of Tempur Sealy International from a “hold” rating to a “sell” rating in a research report on Tuesday, June 26th. Wedbush set a $65.00 price target on shares of Tempur Sealy International and gave the stock a “buy” rating in a research report on Wednesday, October 3rd. Zacks Investment Research raised shares of Tempur Sealy International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 31st. UBS Group raised shares of Tempur Sealy International from a “sell” rating to a “neutral” rating and upped their price target for the stock from $45.00 to $55.00 in a research report on Wednesday, October 3rd. Finally, Bank of America dropped their price target on shares of Tempur Sealy International from $85.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, July 27th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. Tempur Sealy International currently has a consensus rating of “Hold” and a consensus target price of $58.13.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in Tempur Sealy International by 2.3% during the second quarter. BlackRock Inc. now owns 3,913,312 shares of the company’s stock worth $188,036,000 after buying an additional 86,777 shares during the period. Van Berkom & Associates Inc. grew its stake in Tempur Sealy International by 5.1% during the second quarter. Van Berkom & Associates Inc. now owns 1,362,366 shares of the company’s stock worth $65,462,000 after buying an additional 66,621 shares during the period. Vulcan Value Partners LLC grew its stake in Tempur Sealy International by 128.6% during the second quarter. Vulcan Value Partners LLC now owns 1,348,756 shares of the company’s stock worth $64,808,000 after buying an additional 758,693 shares during the period. Dimensional Fund Advisors LP grew its stake in Tempur Sealy International by 10.5% during the first quarter. Dimensional Fund Advisors LP now owns 783,537 shares of the company’s stock worth $35,486,000 after buying an additional 74,467 shares during the period. Finally, FMR LLC grew its stake in Tempur Sealy International by 65.0% during the second quarter. FMR LLC now owns 756,840 shares of the company’s stock worth $36,366,000 after buying an additional 298,111 shares during the period.
TPX stock traded down $0.22 on Friday, hitting $47.81. 1,039,492 shares of the company were exchanged, compared to its average volume of 1,059,273. Tempur Sealy International has a twelve month low of $41.10 and a twelve month high of $68.05. The company has a debt-to-equity ratio of 10.80, a quick ratio of 0.79 and a current ratio of 1.18. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 0.83 and a beta of 1.56.
Tempur Sealy International Company Profile
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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