$721.40 Million in Sales Expected for Tempur Sealy International Inc (NYSE:TPX) This Quarter

Wall Street brokerages expect Tempur Sealy International Inc (NYSE:TPX) to announce $721.40 million in sales for the current quarter, according to Zacks. Seven analysts have made estimates for Tempur Sealy International’s earnings, with the lowest sales estimate coming in at $700.30 million and the highest estimate coming in at $740.20 million. Tempur Sealy International reported sales of $669.70 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.7%. The firm is expected to issue its next earnings report on Thursday, July 25th.

On average, analysts expect that Tempur Sealy International will report full-year sales of $2.93 billion for the current financial year, with estimates ranging from $2.87 billion to $3.01 billion. For the next financial year, analysts forecast that the company will post sales of $3.42 billion, with estimates ranging from $3.34 billion to $3.47 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Tempur Sealy International.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.07. The firm had revenue of $690.90 million during the quarter, compared to the consensus estimate of $666.42 million. Tempur Sealy International had a return on equity of 78.28% and a net margin of 3.82%. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the company posted $0.46 EPS.

Several equities research analysts recently weighed in on the company. TheStreet lowered TIM Participacoes from a “b” rating to a “c+” rating in a research report on Tuesday, June 4th. KeyCorp boosted their target price on Tempur Sealy International from $80.00 to $90.00 and gave the stock a “positive” rating in a report on Tuesday, June 18th. Wedbush reissued an “outperform” rating and issued a $74.00 target price on shares of Tempur Sealy International in a report on Tuesday, June 18th. Guggenheim reissued a “hold” rating on shares of Tempur Sealy International in a report on Wednesday, June 19th. Finally, ValuEngine raised William Lyon Homes from a “strong sell” rating to a “sell” rating in a report on Wednesday, April 10th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $74.79.

Tempur Sealy International stock traded up $1.07 during trading hours on Friday, reaching $77.77. The company had a trading volume of 631,050 shares, compared to its average volume of 885,786. The company has a debt-to-equity ratio of 6.95, a quick ratio of 0.85 and a current ratio of 1.18. The stock has a 50-day simple moving average of $70.10. The stock has a market cap of $4.14 billion, a price-to-earnings ratio of 26.27, a price-to-earnings-growth ratio of 1.49 and a beta of 1.69. Tempur Sealy International has a 12-month low of $38.90 and a 12-month high of $78.00.

In related news, Director Evelyn S. Dilsaver sold 418 shares of the company’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $73.10, for a total transaction of $30,555.80. Following the completion of the sale, the director now owns 23,918 shares in the company, valued at $1,748,405.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP David Montgomery sold 20,000 shares of the company’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $73.63, for a total value of $1,472,600.00. Following the completion of the sale, the executive vice president now owns 320,077 shares of the company’s stock, valued at approximately $23,567,269.51. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,225 shares of company stock valued at $2,002,217. 3.23% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its stake in shares of Tempur Sealy International by 2.6% in the 4th quarter. BlackRock Inc. now owns 4,024,979 shares of the company’s stock valued at $166,635,000 after purchasing an additional 102,746 shares during the last quarter. Centerbridge Partners L.P. bought a new stake in shares of Tempur Sealy International in the 4th quarter valued at approximately $80,393,000. Dimensional Fund Advisors LP lifted its stake in shares of Tempur Sealy International by 20.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,031,300 shares of the company’s stock valued at $42,696,000 after purchasing an additional 174,626 shares during the last quarter. FMR LLC lifted its stake in shares of Tempur Sealy International by 15.1% in the 1st quarter. FMR LLC now owns 917,900 shares of the company’s stock valued at $52,935,000 after purchasing an additional 120,656 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Tempur Sealy International by 6.5% in the 4th quarter. Geode Capital Management LLC now owns 431,733 shares of the company’s stock valued at $17,873,000 after purchasing an additional 26,160 shares during the last quarter.

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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