Tempur Sealy International, Inc. (NYSE:TPX) – Research analysts at William Blair increased their FY2017 earnings estimates for Tempur Sealy International in a research note issued on Thursday. William Blair analyst D. Hofkin now forecasts that the company will earn $3.25 per share for the year, up from their previous forecast of $3.20. William Blair also issued estimates for Tempur Sealy International’s Q4 2017 earnings at $0.84 EPS, Q1 2018 earnings at $0.54 EPS, Q2 2018 earnings at $0.82 EPS, Q3 2018 earnings at $1.28 EPS, Q4 2018 earnings at $1.00 EPS and FY2018 earnings at $3.65 EPS.

TPX has been the topic of several other reports. Zacks Investment Research cut Tempur Sealy International from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. Bank of America Corporation reiterated a “buy” rating and issued a $85.00 price objective (up from $75.00) on shares of Tempur Sealy International in a report on Wednesday, August 30th. ValuEngine upgraded Tempur Sealy International from a “hold” rating to a “buy” rating in a report on Saturday, September 30th. Finally, Stifel Nicolaus upgraded Tempur Sealy International from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $60.00 to $80.00 in a report on Tuesday, August 22nd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $62.44.

TRADEMARK VIOLATION NOTICE: “FY2017 EPS Estimates for Tempur Sealy International, Inc. (TPX) Increased by Analyst” was originally posted by Watch List News and is the property of of Watch List News. If you are viewing this article on another site, it was illegally copied and republished in violation of United States & international copyright laws. The correct version of this article can be read at https://www.watchlistnews.com/fy2017-eps-estimates-for-tempur-sealy-international-inc-tpx-increased-by-analyst/1681638.html.

Shares of Tempur Sealy International (NYSE TPX) opened at $53.92 on Monday. The company has a debt-to-equity ratio of 20.03, a current ratio of 1.08 and a quick ratio of 0.84. The firm has a market capitalization of $2,906.13, a PE ratio of 15.02, a PEG ratio of 1.10 and a beta of 1.60.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.03. Tempur Sealy International had a return on equity of 1,042.63% and a net margin of 5.79%. The company had revenue of $724.80 million for the quarter, compared to analysts’ expectations of $756.10 million. During the same period in the previous year, the firm posted $1.32 EPS. Tempur Sealy International’s revenue was down 12.9% compared to the same quarter last year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TPX. UBS Asset Management Americas Inc. lifted its stake in Tempur Sealy International by 27.5% in the 1st quarter. UBS Asset Management Americas Inc. now owns 42,251 shares of the company’s stock worth $1,963,000 after purchasing an additional 9,114 shares in the last quarter. OppenheimerFunds Inc. raised its position in shares of Tempur Sealy International by 73.0% during the 1st quarter. OppenheimerFunds Inc. now owns 17,026 shares of the company’s stock valued at $791,000 after buying an additional 7,186 shares during the period. California Public Employees Retirement System raised its position in shares of Tempur Sealy International by 1.1% during the 1st quarter. California Public Employees Retirement System now owns 121,100 shares of the company’s stock valued at $5,626,000 after buying an additional 1,300 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Tempur Sealy International by 14.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,131 shares of the company’s stock valued at $100,000 after buying an additional 273 shares during the period. Finally, Legal & General Group Plc raised its position in shares of Tempur Sealy International by 78.1% during the 1st quarter. Legal & General Group Plc now owns 42,370 shares of the company’s stock valued at $1,968,000 after buying an additional 18,584 shares during the period.

About Tempur Sealy International

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 and Estimates for Tempur Sealy International (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 Analyst Ratings Network's FREE daily email newsletter.