FY2017 EPS Estimates for Tempur Sealy International Inc (TPX) Increased by SunTrust Banks

Tempur Sealy International Inc (NYSE:TPX) – Equities research analysts at SunTrust Banks boosted their FY2017 earnings per share (EPS) estimates for shares of Tempur Sealy International in a research report issued on Monday. SunTrust Banks analyst K. Hughes now forecasts that the company will post earnings per share of $2.94 for the year, up from their prior estimate of $2.68. SunTrust Banks has a “Hold” rating and a $43.00 price target on the stock. SunTrust Banks also issued estimates for Tempur Sealy International’s Q1 2018 earnings at $0.67 EPS, Q4 2018 earnings at $1.00 EPS and FY2018 earnings at $3.09 EPS.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings results on Thursday, May 4th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.24. The business had revenue of $722.10 million during the quarter, compared to the consensus estimate of $725.44 million. Tempur Sealy International had a return on equity of 112.05% and a net margin of 4.08%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 EPS. TRADEMARK VIOLATION WARNING: This piece was posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this piece can be read at https://www.chaffeybreeze.com/2017/05/20/fy2017-eps-estimates-for-tempur-sealy-international-inc-tpx-increased-by-suntrust-banks-updated.html.

Earnings History and Estimates for Tempur Sealy International (NYSE:TPX)

TPX has been the subject of a number of other reports. Off Wall Street restated a “sell” rating on shares of Tempur Sealy International in a research report on Tuesday, January 31st. Instinet downgraded shares of Tempur Sealy International from a “buy” rating to a “neutral” rating and decreased their target price for the company from $85.00 to $50.00 in a research report on Monday, January 30th. Raymond James Financial, Inc. restated an “underperform” rating on shares of Tempur Sealy International in a research report on Monday, January 30th. Wedbush restated a “neutral” rating and set a $45.00 target price (down from $55.00) on shares of Tempur Sealy International in a research report on Tuesday, January 31st. Finally, TheStreet downgraded shares of Tempur Sealy International from a “b-” rating to a “c+” rating in a research report on Tuesday, February 14th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Tempur Sealy International presently has a consensus rating of “Hold” and a consensus price target of $57.60.

Shares of Tempur Sealy International (NYSE:TPX) opened at 48.72 on Tuesday. The company has a market capitalization of $2.63 billion, a P/E ratio of 14.33 and a beta of 1.69. The company has a 50-day moving average price of $44.99 and a 200 day moving average price of $53.95. Tempur Sealy International has a 1-year low of $39.57 and a 1-year high of $82.32.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capstone Asset Management Co. boosted its position in Tempur Sealy International by 4.1% in the first quarter. Capstone Asset Management Co. now owns 4,609 shares of the company’s stock worth $214,000 after buying an additional 180 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in Tempur Sealy International by 1.1% in the first quarter. Oregon Public Employees Retirement Fund now owns 17,753 shares of the company’s stock worth $825,000 after buying an additional 200 shares during the last quarter. HighTower Advisors LLC boosted its position in Tempur Sealy International by 1.8% in the third quarter. HighTower Advisors LLC now owns 13,142 shares of the company’s stock worth $738,000 after buying an additional 229 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in Tempur Sealy International by 0.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 84,562 shares of the company’s stock worth $5,774,000 after buying an additional 270 shares during the last quarter. Finally, BlackRock Group LTD boosted its position in Tempur Sealy International by 0.7% in the third quarter. BlackRock Group LTD now owns 52,776 shares of the company’s stock worth $2,995,000 after buying an additional 378 shares during the last quarter.

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.

5 Day Chart for NYSE:TPX

Receive News & Ratings for Tempur Sealy International Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tempur Sealy International Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply