Piper Jaffray Companies Weighs in on Tempur Sealy International Inc’s Q4 2018 Earnings (TPX)

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Tempur Sealy International Inc (NYSE:TPX) – Investment analysts at Piper Jaffray Companies raised their Q4 2018 EPS estimates for Tempur Sealy International in a report issued on Tuesday, January 8th. Piper Jaffray Companies analyst P. Keith now anticipates that the company will post earnings of $0.93 per share for the quarter, up from their previous forecast of $0.87.

A number of other equities analysts have also weighed in on TPX. UBS Group raised Tempur Sealy International from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $45.00 to $55.00 in a research note on Wednesday, October 3rd. Wedbush set a $65.00 target price on Tempur Sealy International and gave the company a “buy” rating in a research report on Wednesday, October 3rd. Zacks Investment Research downgraded Tempur Sealy International from a “hold” rating to a “sell” rating in a research report on Wednesday, October 24th. Loop Capital restated a “sell” rating on shares of Tempur Sealy International in a research report on Thursday, November 1st. Finally, Guggenheim restated a “hold” rating on shares of Tempur Sealy International in a research report on Thursday, November 1st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $58.13.

NYSE TPX opened at $48.05 on Friday. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 15.02, a P/E/G ratio of 0.68 and a beta of 1.66. The company has a current ratio of 1.20, a quick ratio of 0.90 and a debt-to-equity ratio of 7.71. Tempur Sealy International has a fifty-two week low of $38.90 and a fifty-two week high of $65.73.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings data on Thursday, November 1st. The company reported $1.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.18 by ($0.16). The company had revenue of $729.50 million for the quarter, compared to analyst estimates of $744.03 million. Tempur Sealy International had a return on equity of 97.08% and a net margin of 5.12%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the firm posted $1.01 EPS.

Large investors have recently bought and sold shares of the business. Point72 Hong Kong Ltd purchased a new stake in shares of Tempur Sealy International in the 2nd quarter valued at $174,000. Rehmann Capital Advisory Group raised its holdings in shares of Tempur Sealy International by 5,189.8% in the 3rd quarter. Rehmann Capital Advisory Group now owns 9,310 shares of the company’s stock valued at $176,000 after buying an additional 9,134 shares during the period. Cubist Systematic Strategies LLC raised its holdings in shares of Tempur Sealy International by 90.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 4,210 shares of the company’s stock valued at $202,000 after buying an additional 2,003 shares during the period. Sheaff Brock Investment Advisors LLC purchased a new stake in shares of Tempur Sealy International in the 3rd quarter valued at $206,000. Finally, Lourd Capital LLC purchased a new stake in shares of Tempur Sealy International in the 3rd quarter valued at $215,000.

Tempur Sealy International Company Profile

Tempur Sealy International, Inc, together with its subsidiaries, develops, manufactures, markets, and distributes bedding products. The company operates through two segments, North America and International. It provides mattresses, foundations, and adjustable bases, as well as other products comprising pillows and other accessories under the TEMPUR, Tempur-Pedic, Sealy, and Stearns & Foster brands.

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