$0.49 Earnings Per Share Expected for Tempur Sealy International, Inc. (NYSE:TPX) This Quarter


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Wall Street brokerages predict that Tempur Sealy International, Inc. (NYSE:TPX) will report $0.49 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Tempur Sealy International’s earnings, with the lowest EPS estimate coming in at $0.41 and the highest estimate coming in at $0.54. Tempur Sealy International reported earnings per share of $0.34 in the same quarter last year, which would suggest a positive year over year growth rate of 44.1%. The business is scheduled to report its next quarterly earnings results on Thursday, April 29th.

On average, analysts expect that Tempur Sealy International will report full year earnings of $2.44 per share for the current year, with EPS estimates ranging from $2.40 to $2.47. For the next year, analysts forecast that the firm will post earnings of $2.69 per share, with EPS estimates ranging from $2.21 to $2.95. Zacks’ earnings per share 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 issued its earnings results on Thursday, February 11th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.15. Tempur Sealy International had a return on equity of 106.94% and a net margin of 7.17%.

TPX has been the subject of a number of recent analyst reports. Loop Capital increased their price target on shares of Tempur Sealy International from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Tuesday, January 26th. Truist increased their price target on shares of Tempur Sealy International from $31.00 to $45.00 in a research note on Friday, February 12th. KeyCorp increased their price target on shares of Tempur Sealy International from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Tuesday, February 9th. Raymond James increased their price target on shares of Tempur Sealy International from $32.00 to $42.00 and gave the company a “strong-buy” rating in a research note on Friday, February 12th. Finally, Piper Sandler increased their price target on shares of Tempur Sealy International from $31.25 to $33.75 and gave the company an “overweight” rating in a research note on Friday, October 30th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $33.57.

Tempur Sealy International stock traded up $0.38 during mid-day trading on Tuesday, reaching $33.56. The company’s stock had a trading volume of 80,184 shares, compared to its average volume of 2,042,738. The company has a market capitalization of $6.93 billion, a price-to-earnings ratio of 28.36, a price-to-earnings-growth ratio of 0.61 and a beta of 2.02. Tempur Sealy International has a 12 month low of $5.50 and a 12 month high of $34.10. The business’s 50 day simple moving average is $29.10 and its 200 day simple moving average is $25.30. The company has a debt-to-equity ratio of 3.34, a quick ratio of 0.85 and a current ratio of 1.12.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 12th. Stockholders of record on Thursday, February 25th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Wednesday, February 24th.

In other news, EVP David Montgomery sold 210,644 shares of the stock in a transaction on Thursday, December 10th. The stock was sold at an average price of $25.34, for a total value of $5,337,718.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Scott Vollet sold 42,456 shares of the stock in a transaction on Monday, January 11th. The shares were sold at an average price of $27.83, for a total value of $1,181,550.48. Following the completion of the transaction, the executive vice president now owns 180,387 shares of the company’s stock, valued at $5,020,170.21. The disclosure for this sale can be found here. Insiders sold a total of 403,100 shares of company stock valued at $11,069,269 over the last quarter. 3.14% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. NEXT Financial Group Inc raised its position in Tempur Sealy International by 300.0% during the 4th quarter. NEXT Financial Group Inc now owns 1,056 shares of the company’s stock worth $29,000 after purchasing an additional 792 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in Tempur Sealy International during the 3rd quarter worth $31,000. KBC Group NV bought a new position in Tempur Sealy International during the 4th quarter worth $31,000. AdvisorNet Financial Inc raised its position in Tempur Sealy International by 640.3% during the 4th quarter. AdvisorNet Financial Inc now owns 1,836 shares of the company’s stock worth $50,000 after purchasing an additional 1,588 shares during the last quarter. Finally, Crescent Capital Consulting LLC bought a new position in Tempur Sealy International during the 4th quarter worth $64,000. Institutional investors own 23.04% of the company’s stock.

Tempur Sealy International Company Profile

Tempur Sealy International, Inc, together with its subsidiaries, develops, manufactures, markets, and distributes bedding products in the United States, Canada, and internationally. It provides mattresses, foundations and adjustable foundations, and adjustable bases, as well as other products comprising pillows, mattress covers, sheets, cushions, and various other accessories and comfort products under the TEMPUR, Tempur-Pedic, Sealy, Comfort Revolution, and Stearns & Foster brands.

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

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