Tempur Sealy International, Inc. (NYSE:TPX) Expected to Post Earnings of $0.83 Per Share

Brokerages predict that Tempur Sealy International, Inc. (NYSE:TPX) will post $0.83 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Tempur Sealy International’s earnings. The lowest EPS estimate is $0.77 and the highest is $0.87. Tempur Sealy International posted earnings of $0.74 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 12.2%. The company is scheduled to issue its next quarterly earnings report on Thursday, November 4th.

According to Zacks, analysts expect that Tempur Sealy International will report full-year earnings of $3.23 per share for the current fiscal year, with EPS estimates ranging from $3.20 to $3.27. For the next fiscal year, analysts forecast that the company will post earnings of $3.65 per share, with EPS estimates ranging from $3.51 to $3.87. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Tempur Sealy International.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings results on Thursday, July 29th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.19. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Tempur Sealy International had a return on equity of 142.29% and a net margin of 12.21%.

Several research firms have recently commented on TPX. KeyCorp upped their price target on shares of Tempur Sealy International from $45.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, July 30th. Wedbush increased their price target on Tempur Sealy International from $45.00 to $53.00 and gave the company an “outperform” rating in a report on Friday, July 30th. Finally, Raymond James raised their target price on Tempur Sealy International from $46.00 to $55.00 and gave the stock a “strong-buy” rating in a research report on Friday, July 30th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $44.88.

In other Tempur Sealy International news, CEO Scott L. Thompson sold 200,000 shares of the business’s stock in a transaction on Wednesday, September 22nd. The shares were sold at an average price of $49.35, for a total transaction of $9,870,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO H Clifford Buster III sold 40,000 shares of the company’s stock in a transaction on Tuesday, August 31st. The stock was sold at an average price of $45.01, for a total value of $1,800,400.00. The disclosure for this sale can be found here. In the last three months, insiders sold 437,730 shares of company stock valued at $19,546,086. 3.78% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bbva USA purchased a new position in shares of Tempur Sealy International during the second quarter worth approximately $27,000. Truvestments Capital LLC acquired a new stake in shares of Tempur Sealy International during the second quarter worth $43,000. O Shaughnessy Asset Management LLC increased its holdings in Tempur Sealy International by 3,286.1% in the second quarter. O Shaughnessy Asset Management LLC now owns 1,219 shares of the company’s stock valued at $48,000 after buying an additional 1,183 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Tempur Sealy International during the first quarter worth about $57,000. Finally, Lazard Asset Management LLC boosted its holdings in Tempur Sealy International by 85.0% in the 1st quarter. Lazard Asset Management LLC now owns 1,584 shares of the company’s stock valued at $57,000 after purchasing an additional 728 shares during the last quarter. 93.18% of the stock is owned by institutional investors and hedge funds.

Shares of TPX stock traded down $1.10 on Tuesday, reaching $48.34. 1,986,971 shares of the stock were exchanged, compared to its average volume of 1,972,546. The company has a quick ratio of 0.70, a current ratio of 1.08 and a debt-to-equity ratio of 3.67. Tempur Sealy International has a 1-year low of $21.19 and a 1-year high of $50.51. The firm has a 50 day moving average of $44.38 and a two-hundred day moving average of $40.56. The stock has a market cap of $9.50 billion, a P/E ratio of 18.94, a price-to-earnings-growth ratio of 0.68 and a beta of 1.98.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 26th. Shareholders of record on Thursday, August 12th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, August 11th. This is a boost from Tempur Sealy International’s previous quarterly dividend of $0.07. This represents a $0.36 annualized dividend and a yield of 0.74%. Tempur Sealy International’s dividend payout ratio (DPR) is 18.85%.

About Tempur Sealy International

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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