Tempur Sealy International, Inc. (TPX) Issues Quarterly Earnings Results, Beats Estimates By $0.03 EPS
Tempur Sealy International, Inc. (NYSE:TPX) announced its earnings results on Thursday. The company reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.03, Bloomberg Earnings reports. Tempur Sealy International had a return on equity of 617.75% and a net margin of 6.69%. The firm had revenue of $724.80 million for the quarter, compared to the consensus estimate of $756.10 million. During the same period in the previous year, the business earned $1.32 EPS. The firm’s revenue for the quarter was down 12.9% on a year-over-year basis.
Several research analysts recently weighed in on the company. Zacks Investment Research downgraded Tempur Sealy International from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. ValuEngine upgraded Tempur Sealy International from a “hold” rating to a “buy” rating in a research note on Saturday, September 30th. SunTrust Banks, Inc. restated a “hold” rating and set a $60.00 target price on shares of Tempur Sealy International in a research note on Monday, October 2nd. Stifel Nicolaus upgraded Tempur Sealy International from a “hold” rating to a “buy” rating and boosted their target price for the stock from $60.00 to $80.00 in a research note on Tuesday, August 22nd. Finally, Piper Jaffray Companies set a $61.00 price target on Tempur Sealy International and gave the stock a “hold” rating in a research report on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. Tempur Sealy International presently has a consensus rating of “Hold” and a consensus price target of $63.00.
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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