Tempur Sealy International, Inc. (NYSE:TPX) Expected to Post Quarterly Sales of $1.07 Billion


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Analysts expect that Tempur Sealy International, Inc. (NYSE:TPX) will announce sales of $1.07 billion for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Tempur Sealy International’s earnings, with the lowest sales estimate coming in at $976.80 million and the highest estimate coming in at $1.10 billion. Tempur Sealy International reported sales of $665.20 million during the same quarter last year, which indicates a positive year-over-year growth rate of 60.9%. The business is expected to report its next quarterly earnings report on Thursday, July 29th.

On average, analysts expect that Tempur Sealy International will report full year sales of $4.48 billion for the current financial year, with estimates ranging from $4.30 billion to $4.59 billion. For the next year, analysts expect that the business will report sales of $4.75 billion, with estimates ranging from $4.60 billion to $4.89 billion. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for Tempur Sealy International.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings data on Thursday, April 29th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.12. Tempur Sealy International had a net margin of 7.17% and a return on equity of 106.94%.

A number of research firms recently issued reports on TPX. Loop Capital downgraded shares of Tempur Sealy International from a “buy” rating to a “hold” rating in a report on Wednesday, March 10th. Zacks Investment Research raised shares of Tempur Sealy International from a “hold” rating to a “strong-buy” rating and set a $36.00 price objective on the stock in a report on Thursday, February 18th. Truist Securities raised their price objective on shares of Tempur Sealy International from $45.00 to $50.00 in a report on Friday. Raymond James raised their price objective on shares of Tempur Sealy International from $42.00 to $46.00 and gave the stock a “strong-buy” rating in a report on Friday. Finally, Jefferies Financial Group started coverage on shares of Tempur Sealy International in a report on Tuesday, March 30th. They set a “hold” rating and a $38.00 price target on the stock. Three research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $37.25.

In other news, EVP Scott Vollet sold 96,992 shares of Tempur Sealy International stock in a transaction that occurred on Wednesday, March 24th. The shares were sold at an average price of $37.30, for a total transaction of $3,617,801.60. Also, EVP David Montgomery sold 50,000 shares of Tempur Sealy International stock in a transaction that occurred on Thursday, February 11th. The shares were sold at an average price of $33.50, for a total transaction of $1,675,000.00. In the last quarter, insiders have sold 236,672 shares of company stock worth $8,839,624. Company insiders own 3.14% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. increased its position in Tempur Sealy International by 53.5% in the first quarter. Envestnet Asset Management Inc. now owns 94,748 shares of the company’s stock worth $3,464,000 after purchasing an additional 33,016 shares during the last quarter. State of Michigan Retirement System increased its position in Tempur Sealy International by 1.1% in the first quarter. State of Michigan Retirement System now owns 70,728 shares of the company’s stock worth $2,586,000 after purchasing an additional 800 shares during the last quarter. Virginia Retirement Systems ET AL increased its position in Tempur Sealy International by 50.6% in the first quarter. Virginia Retirement Systems ET AL now owns 40,800 shares of the company’s stock worth $1,492,000 after purchasing an additional 13,700 shares during the last quarter. Centaurus Financial Inc. increased its position in Tempur Sealy International by 1.0% in the first quarter. Centaurus Financial Inc. now owns 50,148 shares of the company’s stock worth $1,833,000 after purchasing an additional 519 shares during the last quarter. Finally, Wright Investors Service Inc. bought a new position in Tempur Sealy International during the first quarter valued at $1,510,000. Institutional investors own 23.04% of the company’s stock.

Shares of TPX traded down $0.33 on Thursday, reaching $38.65. The company’s stock had a trading volume of 1,166,194 shares, compared to its average volume of 2,179,487. The company has a debt-to-equity ratio of 3.34, a current ratio of 1.12 and a quick ratio of 0.85. The stock has a market capitalization of $7.80 billion, a P/E ratio of 33.32, a PEG ratio of 0.61 and a beta of 2.02. The stock’s 50 day simple moving average is $38.49 and its two-hundred day simple moving average is $30.78. Tempur Sealy International has a 12-month low of $11.66 and a 12-month high of $41.03.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 27th. Stockholders of record on Thursday, May 13th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Wednesday, May 12th. Tempur Sealy International’s payout ratio is currently 28.00%.

About Tempur Sealy International

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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