$1.30 Billion in Sales Expected for Tempur Sealy International, Inc. (NYSE:TPX) This Quarter

Equities analysts forecast that Tempur Sealy International, Inc. (NYSE:TPX – Get Rating) will report $1.30 billion in sales for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Tempur Sealy International’s earnings. The highest sales estimate is $1.34 billion and the lowest is $1.28 billion. Tempur Sealy International reported sales of $1.17 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 11.1%. The business is scheduled to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Tempur Sealy International will report full year sales of $5.44 billion for the current year, with estimates ranging from $5.39 billion to $5.50 billion. For the next year, analysts forecast that the firm will report sales of $5.69 billion, with estimates ranging from $5.57 billion to $5.89 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover Tempur Sealy International.

Tempur Sealy International (NYSE:TPX – Get Rating) last released its earnings results on Thursday, April 28th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.09. Tempur Sealy International had a net margin of 12.19% and a return on equity of 272.95%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the firm earned $0.64 earnings per share. The business’s quarterly revenue was up 18.7% compared to the same quarter last year.

A number of research firms recently weighed in on TPX. Raymond James cut their target price on shares of Tempur Sealy International from $45.00 to $38.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, April 6th. TheStreet lowered shares of Tempur Sealy International from a “b” rating to a “c+” rating in a research note on Thursday, April 28th. Loop Capital cut their target price on shares of Tempur Sealy International from $35.00 to $28.00 in a research note on Tuesday, April 12th. Piper Sandler dropped their price target on shares of Tempur Sealy International from $40.00 to $34.00 and set an “overweight” rating on the stock in a research note on Friday, April 1st. Finally, KeyCorp dropped their price target on shares of Tempur Sealy International from $46.00 to $42.00 and set an “overweight” rating on the stock in a research note on Friday, April 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $38.86.

Several hedge funds have recently bought and sold shares of TPX. David J Yvars Group lifted its holdings in shares of Tempur Sealy International by 5,851.9% during the fourth quarter. David J Yvars Group now owns 9,074,061 shares of the company’s stock worth $9,074,000 after purchasing an additional 8,921,605 shares during the period. Abrams Capital Management L.P. acquired a new stake in shares of Tempur Sealy International during the third quarter worth $167,076,000. Sound Shore Management Inc. CT acquired a new stake in shares of Tempur Sealy International during the first quarter worth $76,365,000. Boston Partners lifted its holdings in shares of Tempur Sealy International by 64.8% during the fourth quarter. Boston Partners now owns 5,342,081 shares of the company’s stock worth $251,243,000 after purchasing an additional 2,100,141 shares during the period. Finally, Norges Bank acquired a new stake in shares of Tempur Sealy International during the fourth quarter worth $88,203,000. 93.81% of the stock is owned by institutional investors and hedge funds.

TPX stock opened at $27.50 on Monday. The company’s 50 day moving average price is $29.83 and its 200 day moving average price is $38.33. The company has a debt-to-equity ratio of 7.97, a quick ratio of 0.58 and a current ratio of 1.11. Tempur Sealy International has a fifty-two week low of $25.56 and a fifty-two week high of $50.51. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of 8.79, a PEG ratio of 0.58 and a beta of 1.72.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 26th. Stockholders of record on Thursday, May 12th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Wednesday, May 11th. Tempur Sealy International’s payout ratio is currently 12.78%.

Tempur Sealy International Company Profile (Get Rating)

Tempur Sealy International, Inc, together with its subsidiaries, designs, manufactures, markets, and distributes bedding products in the United States 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, and Stearns & Foster brands.

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