SunTrust Banks Analysts Reduce Earnings Estimates for Tempur Sealy International, Inc. (TPX)
Tempur Sealy International, Inc. (NYSE:TPX) – Equities researchers at SunTrust Banks decreased their Q3 2017 EPS estimates for Tempur Sealy International in a research report issued to clients and investors on Monday. SunTrust Banks analyst K. Hughes now expects that the company will earn $0.91 per share for the quarter, down from their previous estimate of $0.93. SunTrust Banks has a “Hold” rating and a $60.00 price target on the stock. SunTrust Banks also issued estimates for Tempur Sealy International’s FY2017 earnings at $3.14 EPS.
Other analysts also recently issued reports about the company. Stifel Nicolaus upgraded Tempur Sealy International from a “hold” rating to a “buy” rating and raised their target price for the company from $60.00 to $80.00 in a research note on Tuesday, August 22nd. Zacks Investment Research raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research report on Friday, August 18th. BidaskClub raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. Bank of America Corporation reaffirmed a “buy” rating and set a $85.00 price target (up previously from $75.00) on shares of Tempur Sealy International in a research report on Wednesday, August 30th. Finally, ValuEngine raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating in a research report on Saturday, September 30th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Tempur Sealy International currently has an average rating of “Hold” and a consensus target price of $63.00.
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Shares of Tempur Sealy International (NYSE TPX) opened at 66.35 on Wednesday. The stock has a market capitalization of $3.58 billion, a P/E ratio of 18.71 and a beta of 1.67. Tempur Sealy International has a 12-month low of $39.57 and a 12-month high of $70.45. The stock has a 50 day moving average price of $62.00 and a 200 day moving average price of $52.81.
Tempur Sealy International (NYSE:TPX) last posted its earnings results on Thursday, July 27th. The company reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.05. Tempur Sealy International had a return on equity of 617.75% and a net margin of 6.69%. The business had revenue of $659.30 million during the quarter, compared to the consensus estimate of $661.65 million. During the same period in the previous year, the business earned $0.92 EPS. The business’s quarterly revenue was down 18.0% on a year-over-year basis.
Hedge funds and other institutional investors have recently modified their holdings of the business. IHT Wealth Management LLC bought a new position in Tempur Sealy International in the second quarter worth about $446,000. PNC Financial Services Group Inc. lifted its holdings in Tempur Sealy International by 14.7% in the first quarter. PNC Financial Services Group Inc. now owns 2,131 shares of the company’s stock worth $100,000 after acquiring an additional 273 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Tempur Sealy International by 12.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,165 shares of the company’s stock worth $116,000 after acquiring an additional 234 shares during the last quarter. Sei Investments Co. lifted its holdings in Tempur Sealy International by 23.1% in the second quarter. Sei Investments Co. now owns 2,247 shares of the company’s stock worth $120,000 after acquiring an additional 421 shares during the last quarter. Finally, NEXT Financial Group Inc lifted its holdings in Tempur Sealy International by 9,500.0% in the second quarter. NEXT Financial Group Inc now owns 2,400 shares of the company’s stock worth $128,000 after acquiring an additional 2,375 shares during the last quarter.
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.
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