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

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

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

Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Tempur Sealy International from a “hold” rating to a “sell” rating in a research note on Wednesday, October 24th. ValuEngine upgraded shares of Tempur Sealy International from a “sell” rating to a “hold” rating in a research note on Wednesday. Guggenheim upgraded shares of Tempur Sealy International from a “neutral” rating to a “buy” rating in a research note on Monday. Wedbush set a $65.00 target price on Tempur Sealy International and gave the stock a “buy” rating in a research report on Wednesday, October 3rd. Finally, UBS Group raised Tempur Sealy International from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $45.00 to $55.00 in a report on Wednesday, October 3rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. Tempur Sealy International presently has an average rating of “Hold” and a consensus target price of $58.13.

Shares of TPX 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 cap of $2.60 billion, a P/E ratio of 14.95, a price-to-earnings-growth ratio of 0.68 and a beta of 1.66.

Several institutional investors have recently bought and sold shares of TPX. Point72 Hong Kong Ltd acquired a new position in shares of Tempur Sealy International during the 2nd quarter worth about $174,000. Rehmann Capital Advisory Group grew its position in shares of Tempur Sealy International by 5,189.8% during the 3rd quarter. Rehmann Capital Advisory Group now owns 9,310 shares of the company’s stock worth $176,000 after buying an additional 9,134 shares during the period. Cubist Systematic Strategies LLC grew its position in shares of Tempur Sealy International by 90.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 4,210 shares of the company’s stock worth $202,000 after buying an additional 2,003 shares during the period. Sheaff Brock Investment Advisors LLC acquired a new position in shares of Tempur Sealy International during the 3rd quarter worth about $206,000. Finally, Lourd Capital LLC acquired a new position in shares of Tempur Sealy International during the 3rd quarter worth about $215,000.

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.

Further Reading: Analyst Ratings

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