Brokerages forecast that Tempur Sealy International Inc (NYSE:TPX) will report $0.84 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Tempur Sealy International’s earnings, with the lowest EPS estimate coming in at $0.70 and the highest estimate coming in at $0.99. Tempur Sealy International reported earnings of $1.18 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 28.8%. The business is expected to issue its next earnings report on Thursday, February 15th.

On average, analysts expect that Tempur Sealy International will report full year earnings of $3.25 per share for the current fiscal year, with EPS estimates ranging from $3.10 to $3.40. For the next year, analysts expect that the company will post earnings of $3.84 per share, with EPS estimates ranging from $3.30 to $4.85. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Tempur Sealy International.

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

A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research note on Friday, September 22nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Tempur Sealy International in a research note on Friday, November 3rd. SunTrust Banks reaffirmed a “hold” rating and issued a $60.00 price objective on shares of Tempur Sealy International in a research note on Monday, October 2nd. Wedbush reaffirmed a “hold” rating on shares of Tempur Sealy International in a research note on Friday, December 8th. Finally, TheStreet raised shares of Tempur Sealy International from a “c” rating to a “b” rating in a research note on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $61.33.

Tempur Sealy International (NYSE:TPX) opened at $64.59 on Wednesday. Tempur Sealy International has a 12 month low of $39.57 and a 12 month high of $70.45. The firm has a market cap of $3,500.00, a price-to-earnings ratio of 21.53, a price-to-earnings-growth ratio of 1.28 and a beta of 1.53. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 20.03.

In related news, EVP Richard W. Anderson sold 24,345 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $64.99, for a total transaction of $1,582,181.55. Following the transaction, the executive vice president now directly owns 78,236 shares of the company’s stock, valued at $5,084,557.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Scott L. Thompson purchased 19,565 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were purchased at an average cost of $51.19 per share, for a total transaction of $1,001,532.35. Following the completion of the transaction, the chief executive officer now directly owns 245,019 shares of the company’s stock, valued at $12,542,522.61. The disclosure for this purchase can be found here. 2.10% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in TPX. Greenlight Capital Inc. raised its position in Tempur Sealy International by 900.0% in the third quarter. Greenlight Capital Inc. now owns 4,000,000 shares of the company’s stock worth $258,080,000 after acquiring an additional 3,600,000 shares during the period. The Manufacturers Life Insurance Company raised its position in Tempur Sealy International by 5.4% in the second quarter. The Manufacturers Life Insurance Company now owns 7,323,574 shares of the company’s stock worth $391,005,000 after acquiring an additional 373,986 shares during the period. Davidson Kempner Capital Management LP bought a new stake in Tempur Sealy International in the second quarter worth about $16,017,000. Dimensional Fund Advisors LP raised its position in Tempur Sealy International by 66.6% in the third quarter. Dimensional Fund Advisors LP now owns 686,566 shares of the company’s stock worth $44,296,000 after acquiring an additional 274,500 shares during the period. Finally, Balyasny Asset Management LLC raised its position in Tempur Sealy International by 1,176.6% in the second quarter. Balyasny Asset Management LLC now owns 211,563 shares of the company’s stock worth $11,295,000 after acquiring an additional 194,991 shares during the period.

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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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