Brokerages expect Tempur Sealy International Inc (NYSE:TPX) to report $794.10 million in sales for the current quarter, Zacks reports. Seven analysts have provided estimates for Tempur Sealy International’s earnings. The lowest sales estimate is $777.20 million and the highest is $809.60 million. Tempur Sealy International reported sales of $729.50 million during the same quarter last year, which would suggest a positive year over year growth rate of 8.9%. The business is expected to report its next earnings report on Thursday, November 7th.
On average, analysts expect that Tempur Sealy International will report full year sales of $2.95 billion for the current fiscal year, with estimates ranging from $2.92 billion to $2.98 billion. For the next year, analysts forecast that the firm will post sales of $3.43 billion, with estimates ranging from $3.34 billion to $3.53 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for Tempur Sealy International.
Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.11. Tempur Sealy International had a net margin of 4.42% and a return on equity of 72.95%. The company had revenue of $722.80 million during the quarter, compared to analyst estimates of $723.28 million. During the same quarter last year, the firm posted $0.52 EPS. The business’s revenue for the quarter was up 9.5% on a year-over-year basis.
Shares of NYSE:TPX traded down $0.04 during trading hours on Monday, hitting $77.47. 6,047 shares of the company’s stock traded hands, compared to its average volume of 887,159. Tempur Sealy International has a 52 week low of $38.90 and a 52 week high of $81.85. The company has a debt-to-equity ratio of 5.79, a quick ratio of 0.88 and a current ratio of 1.21. The company’s fifty day simple moving average is $77.28 and its two-hundred day simple moving average is $65.57. The company has a market cap of $4.14 billion, a price-to-earnings ratio of 26.01, a price-to-earnings-growth ratio of 1.44 and a beta of 1.67.
In other news, EVP Scott Vollet sold 965 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $80.92, for a total value of $78,087.80. Following the completion of the sale, the executive vice president now directly owns 15,560 shares of the company’s stock, valued at $1,259,115.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David Montgomery sold 36,082 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $80.31, for a total transaction of $2,897,745.42. Following the completion of the sale, the executive vice president now directly owns 324,731 shares of the company’s stock, valued at $26,079,146.61. The disclosure for this sale can be found here. Insiders have sold 64,031 shares of company stock valued at $5,007,647 over the last ninety days. Insiders own 3.23% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. AJ Wealth Strategies LLC acquired a new position in Tempur Sealy International during the second quarter valued at approximately $220,000. Royal Bank of Canada grew its stake in shares of Tempur Sealy International by 4.2% in the second quarter. Royal Bank of Canada now owns 12,510 shares of the company’s stock worth $919,000 after acquiring an additional 505 shares during the last quarter. Verition Fund Management LLC grew its stake in shares of Tempur Sealy International by 26.8% in the second quarter. Verition Fund Management LLC now owns 11,878 shares of the company’s stock worth $871,000 after acquiring an additional 2,509 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Tempur Sealy International by 136.7% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,745 shares of the company’s stock worth $279,000 after acquiring an additional 2,163 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. grew its stake in shares of Tempur Sealy International by 16.4% in the second quarter. Amundi Pioneer Asset Management Inc. now owns 156,660 shares of the company’s stock worth $11,494,000 after acquiring an additional 22,116 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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