Equities analysts expect Tempur Sealy International Inc (NYSE:TPX) to announce sales of $794.10 million for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Tempur Sealy International’s earnings, with the lowest sales estimate coming in at $777.20 million and the highest estimate coming in at $809.60 million. Tempur Sealy International reported sales of $729.50 million in the same quarter last year, which indicates a positive year-over-year growth rate of 8.9%. The business is scheduled to issue its next earnings report on Thursday, November 7th.
On average, analysts expect that Tempur Sealy International will report full year sales of $2.95 billion for the current financial year, with estimates ranging from $2.92 billion to $2.98 billion. For the next year, analysts anticipate that the company will post sales of $3.43 billion, with estimates ranging from $3.34 billion to $3.53 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Tempur Sealy International.
Tempur Sealy International (NYSE:TPX) last released its earnings results on Thursday, July 25th. The company reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.11. The firm had revenue of $722.80 million during the quarter, compared to analyst estimates of $723.28 million. Tempur Sealy International had a net margin of 4.42% and a return on equity of 72.95%. The business’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.52 EPS.
Tempur Sealy International stock traded down $1.65 on Friday, reaching $78.57. 644,373 shares of the stock were exchanged, compared to its average volume of 730,873. The firm has a market cap of $4.38 billion, a PE ratio of 26.54, a PEG ratio of 1.56 and a beta of 1.69. The company has a debt-to-equity ratio of 5.79, a quick ratio of 0.88 and a current ratio of 1.21. Tempur Sealy International has a twelve month low of $38.90 and a twelve month high of $81.85. The company’s fifty day moving average is $75.06.
In other news, EVP David Montgomery sold 20,000 shares of the business’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $73.63, for a total transaction of $1,472,600.00. Following the transaction, the executive vice president now owns 320,077 shares in the company, valued at approximately $23,567,269.51. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Scott Vollet sold 3,873 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $65.39, for a total transaction of $253,255.47. Following the transaction, the executive vice president now owns 21,150 shares in the company, valued at approximately $1,382,998.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 70,403 shares of company stock worth $5,400,006. Insiders own 3.23% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. U S Global Investors Inc. bought a new stake in Tempur Sealy International in the first quarter valued at about $1,029,000. Highland Capital Management LLC bought a new stake in Tempur Sealy International during the first quarter worth about $534,000. Cerebellum GP LLC bought a new stake in Tempur Sealy International during the first quarter worth about $335,000. Capital Insight Partners LLC grew its stake in Tempur Sealy International by 2.4% during the first quarter. Capital Insight Partners LLC now owns 17,520 shares of the company’s stock worth $1,010,000 after buying an additional 414 shares during the last quarter. Finally, Hanseatic Management Services Inc. bought a new stake in Tempur Sealy International during the second quarter worth about $696,000.
About Tempur Sealy International
Tempur Sealy International, Inc develops, manufactures, markets and distributes bedding products. It operates through North America and International segments. The North America segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the U.S.
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