Q4 2018 Earnings Forecast for Tempur Sealy International Inc (TPX) Issued By Piper Jaffray Companies

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Tempur Sealy International Inc (NYSE:TPX) – Equities researchers at Piper Jaffray Companies lifted their Q4 2018 earnings per share (EPS) estimates for shares of Tempur Sealy International in a research report issued to clients and investors on Tuesday, January 8th. Piper Jaffray Companies analyst P. Keith now forecasts that the company will post earnings per share of $0.93 for the quarter, up from their prior forecast of $0.87.

A number of other research analysts have also weighed in on the company. Loop Capital restated a “sell” rating on shares of Tempur Sealy International in a report on Thursday, November 1st. UBS Group upgraded Tempur Sealy International from a “sell” rating to a “neutral” rating and raised their target price for the company from $45.00 to $55.00 in a report on Wednesday, October 3rd. Wedbush set a $65.00 target price on Tempur Sealy International and gave the company a “buy” rating in a report on Wednesday, October 3rd. ValuEngine upgraded Tempur Sealy International from a “sell” rating to a “hold” rating in a report on Monday, November 26th. Finally, Guggenheim reiterated a “hold” rating on shares of Tempur Sealy International in a report on Thursday, November 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $58.13.

TPX stock opened at $47.84 on Friday. Tempur Sealy International has a twelve month low of $38.90 and a twelve month high of $65.73. The company has a debt-to-equity ratio of 7.71, a quick ratio of 0.90 and a current ratio of 1.20. The company has a market capitalization of $2.60 billion, a PE ratio of 14.95, a P/E/G ratio of 0.68 and a beta of 1.66.

Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings data on Thursday, November 1st. The company reported $1.02 EPS for the quarter, missing the Zacks’ consensus estimate of $1.18 by ($0.16). Tempur Sealy International had a net margin of 5.12% and a return on equity of 97.08%. The firm had revenue of $729.50 million during the quarter, compared to analyst estimates of $744.03 million. During the same period last year, the business posted $1.01 EPS. The company’s revenue was up 2.5% on a year-over-year basis.

Several institutional investors and hedge funds have recently modified their holdings of the business. Retirement Systems of Alabama raised its stake in shares of Tempur Sealy International by 0.4% in the fourth quarter. Retirement Systems of Alabama now owns 59,354 shares of the company’s stock valued at $2,457,000 after buying an additional 258 shares during the period. Capital Insight Partners LLC raised its stake in shares of Tempur Sealy International by 6.9% in the fourth quarter. Capital Insight Partners LLC now owns 17,106 shares of the company’s stock valued at $708,000 after buying an additional 1,106 shares during the period. Vanguard Group Inc raised its stake in shares of Tempur Sealy International by 1.6% in the third quarter. Vanguard Group Inc now owns 4,077,823 shares of the company’s stock valued at $215,717,000 after buying an additional 63,195 shares during the period. Vanguard Group Inc. raised its stake in shares of Tempur Sealy International by 1.6% in the third quarter. Vanguard Group Inc. now owns 4,077,823 shares of the company’s stock valued at $215,717,000 after buying an additional 63,195 shares during the period. Finally, Morgan Stanley raised its stake in shares of Tempur Sealy International by 240.7% in the third quarter. Morgan Stanley now owns 407,051 shares of the company’s stock valued at $21,534,000 after buying an additional 287,569 shares during the period.

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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