Tempur Sealy International, Inc. (NYSE:TPX) – KeyCorp boosted their FY2018 earnings estimates for shares of Tempur Sealy International in a report released on Thursday, Zacks Investment Research reports. KeyCorp analyst B. Thomas now expects that the company will earn $3.90 per share for the year, up from their prior estimate of $3.85.
Several other equities research analysts also recently weighed in on TPX. 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. Stifel Nicolaus reaffirmed a “hold” rating and issued a $60.00 price target (up from $47.00) on shares of Tempur Sealy International in a research note on Sunday, July 30th. BidaskClub raised shares of Tempur Sealy International from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 31st. Zacks Investment Research raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research note on Wednesday, August 2nd. Finally, Bank of America Corporation reissued a “buy” rating and set a $85.00 target price (up from $75.00) on shares of Tempur Sealy International in a research report on Wednesday, August 30th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $61.33.
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Tempur Sealy International (NYSE:TPX) last released its earnings results on Thursday, November 2nd. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $724.80 million for the quarter, compared to analyst estimates of $756.10 million. During the same quarter in the previous year, the business earned $1.32 earnings per share. Tempur Sealy International’s revenue for the quarter was down 12.9% on a year-over-year basis.
In other Tempur Sealy International news, EVP H Clifford Buster III purchased 18,800 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were bought at an average cost of $53.03 per share, for a total transaction of $996,964.00. Following the purchase, the executive vice president now owns 18,800 shares of the company’s stock, valued at approximately $996,964. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 acquired at an average price of $51.19 per share, for a total transaction of $1,001,532.35. Following the completion of the purchase, the chief executive officer now directly owns 245,019 shares in the company, valued at approximately $12,542,522.61. The disclosure for this purchase can be found here. 2.10% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. IHT Wealth Management LLC purchased a new stake in Tempur Sealy International in the 2nd quarter worth approximately $446,000. Capital Guardian Trust Co. purchased a new stake in Tempur Sealy International in the 3rd quarter worth approximately $132,000. PNC Financial Services Group Inc. lifted its stake in Tempur Sealy International by 14.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,131 shares of the company’s stock worth $100,000 after purchasing an additional 273 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in 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 purchasing an additional 234 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in 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 purchasing an additional 421 shares in the last quarter.
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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