Tempur Sealy International (TPX) Given Media Impact Rating of 0.54
Media coverage about Tempur Sealy International (NYSE:TPX) has trended very positive on Thursday, Accern Sentiment reports. Accern scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tempur Sealy International earned a coverage optimism score of 0.54 on Accern’s scale. Accern also gave news articles about the company an impact score of 100 out of 100, indicating that recent media coverage is extremely likely to have an impact on the stock’s share price in the near term.
Tempur Sealy International (NYSE:TPX) traded up 0.20% during trading on Thursday, hitting $48.92. The stock had a trading volume of 79,888 shares. The stock has a 50-day moving average price of $47.82 and a 200-day moving average price of $51.57. Tempur Sealy International has a 52 week low of $39.57 and a 52 week high of $82.32. The company has a market cap of $2.64 billion, a PE ratio of 14.39 and a beta of 1.33.
Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings results on Thursday, May 4th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.24. Tempur Sealy International had a net margin of 6.28% and a return on equity of 361.84%. The firm had revenue of $722.10 million during the quarter, compared to analyst estimates of $725.44 million. During the same quarter in the prior year, the business posted $0.68 earnings per share. The company’s quarterly revenue was up .2% compared to the same quarter last year. Equities analysts predict that Tempur Sealy International will post $3.24 EPS for the current year.
TPX has been the subject of several research analyst reports. KeyCorp reissued an “equal weight” rating on shares of Tempur Sealy International in a report on Thursday, April 20th. Zacks Investment Research lowered Tempur Sealy International from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 20th. Stifel Nicolaus reissued a “hold” rating and issued a $47.00 price objective on shares of Tempur Sealy International in a report on Wednesday, April 19th. SunTrust Banks, Inc. raised Tempur Sealy International from a “sell” rating to a “hold” rating in a report on Monday, May 15th. Finally, ValuEngine lowered Tempur Sealy International from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $57.22.
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In other news, major shareholder Rehan Jaffer acquired 200,000 shares of the company’s stock in a transaction dated Monday, May 8th. The stock was bought at an average price of $48.09 per share, with a total value of $9,618,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Usman Nabi acquired 100,000 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were purchased at an average cost of $47.37 per share, with a total value of $4,737,000.00. The disclosure for this purchase can be found here. Insiders purchased 2,122,750 shares of company stock valued at $101,698,731 in the last three months. Company insiders own 2.10% of the company’s stock.
Tempur Sealy International Company Profile
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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