Tempur Sealy International Inc (NYSE:TPX) – Research analysts at Wedbush lowered their Q3 2019 earnings per share estimates for Tempur Sealy International in a research note issued to investors on Wednesday, June 19th, Zacks Investment Research reports. Wedbush analyst S. Basham now expects that the company will post earnings per share of $0.92 for the quarter, down from their previous estimate of $1.03. Wedbush has a “Outperform” rating and a $74.00 price objective on the stock. Wedbush also issued estimates for Tempur Sealy International’s FY2019 earnings at $3.25 EPS.
Tempur Sealy International (NYSE:TPX) last posted its earnings results on Thursday, May 2nd. The company reported $0.54 earnings per share for the quarter, topping the 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 net margin of 3.82% and a return on equity of 78.28%. The company’s revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the company earned $0.46 earnings per share.
Shares of TPX traded up $1.07 during trading hours on Friday, hitting $77.77. The company’s stock had a trading volume of 644,587 shares, compared to its average volume of 910,515. The company has a market cap of $4.20 billion, a P/E ratio of 26.27, a price-to-earnings-growth ratio of 1.51 and a beta of 1.69. The company has a current ratio of 1.18, a quick ratio of 0.85 and a debt-to-equity ratio of 6.95. The company has a 50 day moving average price of $70.10. Tempur Sealy International has a 52-week low of $38.90 and a 52-week high of $78.00.
In other Tempur Sealy International news, Director Evelyn S. Dilsaver sold 470 shares of Tempur Sealy International stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $60.88, for a total transaction of $28,613.60. Following the completion of the sale, the director now directly owns 19,636 shares in the company, valued at $1,195,439.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Evelyn S. Dilsaver sold 464 shares of Tempur Sealy International stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $62.31, for a total transaction of $28,911.84. Following the sale, the director now owns 22,410 shares of the company’s stock, valued at $1,396,367.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,225 shares of company stock valued at $2,002,217. 3.23% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the business. Penserra Capital Management LLC bought a new stake in Tempur Sealy International during the first quarter valued at approximately $28,000. Captrust Financial Advisors lifted its holdings in shares of Tempur Sealy International by 15.0% in the 4th quarter. Captrust Financial Advisors now owns 1,506 shares of the company’s stock worth $62,000 after acquiring an additional 196 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Tempur Sealy International by 14.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,949 shares of the company’s stock worth $80,000 after acquiring an additional 248 shares during the last quarter. Sheaff Brock Investment Advisors LLC bought a new stake in shares of Tempur Sealy International in the 1st quarter worth approximately $202,000. Finally, Virtu Financial LLC bought a new stake in shares of Tempur Sealy International in the 1st quarter worth approximately $227,000.
Tempur Sealy International Company Profile
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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