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.

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

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