Tempur Sealy International, Inc. (TPX) Receives Hold Rating from SunTrust Banks, Inc.
SunTrust Banks, Inc. reiterated their hold rating on shares of Tempur Sealy International, Inc. (NYSE:TPX) in a research report report published on Friday morning. They currently have a $55.00 target price on the stock. SunTrust Banks also issued estimates for Tempur Sealy International’s Q4 2017 earnings at $0.70 EPS, FY2017 earnings at $3.10 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.
TPX has been the topic of a number of other reports. Zacks Investment Research cut shares of Tempur Sealy International from a buy rating to a hold rating in a research note on Thursday, October 5th. ValuEngine upgraded shares of Tempur Sealy International from a hold rating to a buy rating in a research note on Saturday, September 30th. Stifel Nicolaus upgraded shares of Tempur Sealy International from a hold rating to a buy rating and upped their price target for the company 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 shares of Tempur Sealy International and gave the company a hold rating in a research note on Thursday, July 27th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $62.44.
Tempur Sealy International (NYSE TPX) traded down $12.57 on Friday, reaching $53.92. 2,143,627 shares of the company’s stock were exchanged, compared to its average volume of 1,102,531. The company has a debt-to-equity ratio of 20.03, a current ratio of 1.08 and a quick ratio of 0.84. The stock has a market capitalization of $2,965.44, a PE ratio of 15.33, a PEG ratio of 1.12 and a beta of 1.60.
Tempur Sealy International (NYSE:TPX) last released its earnings results on Thursday, November 2nd. The company reported $1.00 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.03. The firm had revenue of $724.80 million for the quarter, compared to analysts’ expectations of $756.10 million. Tempur Sealy International had a net margin of 5.79% and a return on equity of 1,042.63%. The company’s quarterly revenue was down 12.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.32 earnings per share. equities research analysts predict that Tempur Sealy International will post 3.26 earnings per share for the current fiscal year.
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Institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. increased its holdings in Tempur Sealy International by 14.7% during the 1st 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 period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Tempur Sealy International by 12.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,165 shares of the company’s stock worth $116,000 after buying an additional 234 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Tempur Sealy International by 23.1% in the 2nd quarter. Sei Investments Co. now owns 2,247 shares of the company’s stock worth $120,000 after buying an additional 421 shares during the last quarter. NEXT Financial Group Inc increased its holdings in shares of Tempur Sealy International by 9,500.0% in the 2nd quarter. NEXT Financial Group Inc now owns 2,400 shares of the company’s stock worth $128,000 after buying an additional 2,375 shares during the last quarter. Finally, James Investment Research Inc. bought a new position in shares of Tempur Sealy International in the 2nd quarter worth $183,000.
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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