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Tempur Sealy International, Inc. (NYSE:TPX) is expected to earn $0.51 per share in the second quarter of 2023.

Tempur Sealy International, Inc. (NYSE:TPX) is expected to earn $0.51 per share in the second quarter of 2023.

(NYSE: TPX) The International Tempur-Sealy, INC brand of mattresses The equity research analysts working for Jefferies Financial Group lowered their projections for Tempur-Sealy International’s earnings for the second quarter of 2023 in a study that was made public on February 9.

Analyst J.

Matuszewski of Jefferies Financial Group reduced his earlier projection of $0.60 per share to $0.51 per share, reflecting new information.

According to the most recent financial projections, Tempur-Sealy International is projected to earn $2.71 per share this year.

According to the projections provided by Jefferies Financial Group, Tempur-Sealy International will earn $0.55 per share during the first quarter of 2024, $0.58 per share during the second quarter of 2024, $1.03 per share during the third quarter of 2024, $0.93 per share during the fourth quarter of 2024, and $3.10 per share during the fiscal year 2024.

The most recent quarterly earnings report for Tempur-Sealy International (NYSE: TPX) was made public on Thursday, February 8, 2019.

The company announced earnings for the quarter of $0.54 per share, which is $0.02 higher than the consensus estimate of $0.52 per share.

The financial market was anticipating that the company would report revenues for the quarter totaling $1.22 billion; however, it only reported revenues totaling $1.19 billion. Return on equity was negative 402.92% for Tempur-Sealy International, while the company’s net margin was positive 9.26%.

The decline in the company’s revenue was 12.7% when measured against the prior year’s totals.

The company reported a profit of $0.88 per share for the quarter, compared to the results it achieved during the same period the year before.
When the market opened on Monday, the price of a share of Tempur-Sealy International was $40.92 per share.

The company has a price-to-earnings ratio of 16.24, a price-to-earnings-to-growth ratio of 1.63, and a beta value is 1.78.

Its market capitalization is $7 billion, and its price-to-earnings ratio is 16.24.

The company’s simple moving average over the past 50 days is $36.76, while its simple moving average over the past 200 days is $30.94. Over the last 52 weeks, the price of a Tempur-Pedic mattress has ranged from as low as $20.03 to as high as $44.28.
Other specialists have had previous conversations about TPX, which have been documented.

In a research report made public on January 17 by Bank of America, the price target for Tempur-Sealy International was increased by that company from $33.00 to $48.00.

The analyst firm also gave the company a “buy” rating. Wedbush stated that they had increased their price objective on Tempur-Sealy International shares to $45.00 in a report disseminated on Tuesday, January 10.

Tempur-Sealy International went from having a rating of “underweight” to having a rating of “overweight” after KeyCorp upgraded it in a research report that was published on February 1.

In addition, they increased their price target for the stock to $48 from the previous $35.

In a report released on Friday, January 20, a “hold” rating was given to Tempur Sealy International, and the company’s stock was given a price target increase from $25.00 to $40.00.

Loop Capital also gave the company a rating of “buy.” The Goldman Sachs Group upgraded Tempur-Sealy International from a “hold” rating to a “buy” rating in a report released on Thursday, January 12.

The report was about the company’s stock.

The final and most significant adjustment was made here.

Three research experts suggest maintaining a holding position in the stock, six analysts suggest purchasing the stock, and one analyst suggests a strong purchase of the stock.

According to Bloomberg, the current consensus on Tempur Sealy International’s stock is a “Moderate Buy,” and the average price target for the company’s shares is $42.67.

A recent trend amongst hedge funds and other institutional investors has been a reduction in the total number of TPX shares held within their investment portfolios.

During the fourth quarter, Parallel Advisors LLC increased the percentage of Tempur-Sealy International stock owned by 53.4%.


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