$0.51 EPS Expected for Tempur Sealy International, Inc. (NYSE:TPX) This Quarter


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Brokerages predict that Tempur Sealy International, Inc. (NYSE:TPX) will post earnings per share (EPS) of $0.51 for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Tempur Sealy International’s earnings. The lowest EPS estimate is $0.38 and the highest is $0.62. Tempur Sealy International reported earnings per share of $0.17 during the same quarter last year, which would suggest a positive year over year growth rate of 200%. The company is expected to report its next quarterly earnings report on Thursday, July 29th.

According to Zacks, analysts expect that Tempur Sealy International will report full-year earnings of $2.69 per share for the current financial year, with EPS estimates ranging from $2.60 to $2.80. For the next year, analysts anticipate that the firm will report earnings of $3.01 per share, with EPS estimates ranging from $2.89 to $3.22. Zacks’ earnings per share calculations 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 issued its earnings results on Thursday, April 29th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.12. Tempur Sealy International had a return on equity of 106.94% and a net margin of 7.17%.

TPX has been the topic of a number of recent research reports. Loop Capital lowered Tempur Sealy International from a “buy” rating to a “hold” rating in a research report on Wednesday, March 10th. Truist boosted their target price on Tempur Sealy International from $45.00 to $50.00 in a research note on Friday. Zacks Investment Research raised Tempur Sealy International from a “hold” rating to a “strong-buy” rating and set a $36.00 price target on the stock in a research report on Thursday, February 18th. KeyCorp boosted their price objective on Tempur Sealy International from $41.00 to $43.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Jefferies Financial Group assumed coverage on shares of Tempur Sealy International in a report on Tuesday, March 30th. They issued a “hold” rating and a $38.00 target price on the stock. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. Tempur Sealy International has a consensus rating of “Buy” and an average price target of $37.25.

TPX traded down $0.33 on Tuesday, hitting $38.65. The company had a trading volume of 1,166,194 shares, compared to its average volume of 2,179,487. The company has a current ratio of 1.12, a quick ratio of 0.85 and a debt-to-equity ratio of 3.34. The firm has a market cap of $7.80 billion, a P/E ratio of 33.32, a PEG ratio of 0.61 and a beta of 2.02. The company’s fifty day moving average price is $38.49 and its 200 day moving average price is $30.78. Tempur Sealy International has a 1 year low of $11.66 and a 1 year high of $41.03.

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

In other news, EVP Steven H. Rusing sold 1,600 shares of Tempur Sealy International stock in a transaction dated Monday, April 19th. The shares were sold at an average price of $39.54, for a total value of $63,264.00. Following the sale, the executive vice president now owns 99,747 shares of the company’s stock, valued at $3,943,996.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP David Montgomery sold 50,000 shares of the business’s stock in a transaction dated Thursday, February 11th. The stock was sold at an average price of $33.50, for a total transaction of $1,675,000.00. Insiders sold a total of 236,672 shares of company stock worth $8,839,624 over the last quarter. Company insiders own 3.14% of the company’s stock.

Several institutional investors have recently bought and sold shares of the stock. NEXT Financial Group Inc lifted its stake in shares of Tempur Sealy International by 300.0% in the fourth quarter. NEXT Financial Group Inc now owns 1,056 shares of the company’s stock valued at $29,000 after purchasing an additional 792 shares during the period. KBC Group NV acquired a new stake in shares of Tempur Sealy International during the 4th quarter valued at approximately $31,000. Harvest Fund Management Co. Ltd boosted its stake in shares of Tempur Sealy International by 300.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 1,356 shares of the company’s stock worth $36,000 after acquiring an additional 1,017 shares in the last quarter. AdvisorNet Financial Inc boosted its stake in shares of Tempur Sealy International by 640.3% during the 4th quarter. AdvisorNet Financial Inc now owns 1,836 shares of the company’s stock worth $50,000 after acquiring an additional 1,588 shares in the last quarter. Finally, Crescent Capital Consulting LLC acquired a new stake in shares of Tempur Sealy International in the 4th quarter worth approximately $64,000. Hedge funds and other institutional investors own 23.04% of the company’s stock.

Tempur Sealy International Company Profile

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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