Tempur Sealy International (TPX) Releases Earnings Results, Misses Estimates By $0.03 EPS

Tempur Sealy International (NYSE:TPX) posted its earnings results on Thursday. The company reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.03), Bloomberg Earnings reports. Tempur Sealy International had a net margin of 5.54% and a return on equity of 340.30%. The business had revenue of $648.20 million during the quarter, compared to analysts’ expectations of $679.41 million. During the same period last year, the business posted $1.18 earnings per share. The company’s revenue for the quarter was down 15.9% compared to the same quarter last year.

Shares of Tempur Sealy International (NYSE:TPX) opened at $51.31 on Friday. The stock has a market capitalization of $2,716.07, a price-to-earnings ratio of 18.39, a P/E/G ratio of 0.82 and a beta of 1.27. Tempur Sealy International has a 52-week low of $39.57 and a 52-week high of $68.05. The company has a debt-to-equity ratio of 14.30, a current ratio of 1.06 and a quick ratio of 0.77.

A number of research firms recently weighed in on TPX. TheStreet lowered shares of Tempur Sealy International from a “b-” rating to a “c+” rating in a report on Thursday. UBS Group cut their target price on shares of Tempur Sealy International from $54.00 to $49.00 and set a “sell” rating for the company in a report on Friday. Wedbush raised shares of Tempur Sealy International from a “neutral” rating to an “outperform” rating and raised their target price for the company from $60.00 to $65.00 in a report on Wednesday, February 7th. Stifel Nicolaus reissued a “buy” rating and issued a $80.00 target price on shares of Tempur Sealy International in a report on Friday, November 3rd. Finally, Zacks Investment Research upgraded Tempur Sealy International from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $66.50.

In related news, EVP Richard W. Anderson sold 24,345 shares of the firm’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $64.99, for a total value of $1,582,181.55. Following the completion of the sale, the executive vice president now directly owns 78,236 shares in the company, valued at $5,084,557.64. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.10% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in TPX. Greenlight Capital Inc. lifted its position in shares of Tempur Sealy International by 900.0% during the third quarter. Greenlight Capital Inc. now owns 4,000,000 shares of the company’s stock worth $258,080,000 after purchasing an additional 3,600,000 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Tempur Sealy International by 4.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 7,174,247 shares of the company’s stock worth $449,754,000 after purchasing an additional 281,668 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Tempur Sealy International by 66.6% during the third quarter. Dimensional Fund Advisors LP now owns 686,566 shares of the company’s stock worth $44,296,000 after purchasing an additional 274,500 shares during the last quarter. Cornerstone Capital Management Holdings LLC. lifted its position in shares of Tempur Sealy International by 34,565.1% during the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 269,001 shares of the company’s stock worth $16,863,000 after purchasing an additional 268,225 shares during the last quarter. Finally, LSV Asset Management lifted its position in shares of Tempur Sealy International by 313.7% during the fourth quarter. LSV Asset Management now owns 346,650 shares of the company’s stock worth $21,731,000 after purchasing an additional 262,850 shares during the last quarter.

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Tempur Sealy International Company Profile

Tempur Sealy International, Inc is a bedding manufacturer. The Company develops, manufactures, markets and distributes bedding products. The Company operates in two segments: North America and International. The North America segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the United States and Canada.

Earnings History for Tempur Sealy International (NYSE:TPX)

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