Tempur Sealy International, Inc. (NYSE:TPX) – Investment analysts at SunTrust Banks reduced their FY2017 earnings per share estimates for shares of Tempur Sealy International in a note issued to investors on Friday. SunTrust Banks analyst K. Hughes now anticipates that the company will post earnings of $3.10 per share for the year, down from their prior estimate of $3.14. SunTrust Banks has a “Hold” rating and a $55.00 price objective on the stock. SunTrust Banks also issued estimates for Tempur Sealy International’s Q4 2017 earnings at $0.70 EPS, Q1 2018 earnings at $0.83 EPS, Q2 2018 earnings at $0.58 EPS, Q3 2018 earnings at $1.19 EPS, Q4 2018 earnings at $1.03 EPS and FY2018 earnings at $3.64 EPS.

A number of other research firms have also issued reports on TPX. Zacks Investment Research lowered Tempur Sealy International from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. ValuEngine upgraded shares of Tempur Sealy International from a “hold” rating to a “buy” rating in a research report on Saturday, September 30th. Stifel Nicolaus upgraded shares of Tempur Sealy International from a “hold” rating to a “buy” rating and raised their price objective for the company from $60.00 to $80.00 in a research report on Tuesday, August 22nd. Finally, Piper Jaffray Companies set a $61.00 price objective on shares of Tempur Sealy International and gave the company a “hold” rating in a research report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $62.44.

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Tempur Sealy International (TPX) opened at $51.73 on Monday. The company has a debt-to-equity ratio of 20.03, a current ratio of 1.08 and a quick ratio of 0.77. The firm has a market capitalization of $2,906.15, a PE ratio of 15.02, a PEG ratio of 1.09 and a beta of 1.60.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings results on Thursday, November 2nd. The company reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $724.80 million for the quarter, compared to analyst estimates of $756.10 million. During the same quarter last year, the company posted $1.32 earnings per share. The business’s revenue was down 12.9% on a year-over-year basis.

Several institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company raised its position in shares of Tempur Sealy International by 5.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,323,574 shares of the company’s stock worth $391,005,000 after purchasing an additional 373,986 shares during the last quarter. BlackRock Inc. grew its stake in Tempur Sealy International by 15,212.6% in the 1st quarter. BlackRock Inc. now owns 3,784,051 shares of the company’s stock worth $175,806,000 after acquiring an additional 3,759,339 shares during the period. Dynamo Internacional Gestao DE Recursos LTDA. grew its stake in Tempur Sealy International by 5.1% in the 2nd quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 2,932,157 shares of the company’s stock worth $156,548,000 after acquiring an additional 143,395 shares during the period. Timucuan Asset Management Inc. FL grew its stake in Tempur Sealy International by 1.7% in the 2nd quarter. Timucuan Asset Management Inc. FL now owns 1,591,195 shares of the company’s stock worth $84,954,000 after acquiring an additional 26,135 shares during the period. Finally, Burgundy Asset Management Ltd. grew its stake in Tempur Sealy International by 0.9% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,055,523 shares of the company’s stock worth $56,354,000 after acquiring an additional 9,650 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)

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