Tempur Sealy International Inc (TPX) Releases Earnings Results, Beats Expectations By $0.06 EPS

Tempur Sealy International Inc (TPX) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.68 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.62. The company posted revenue of $721.00 million in the period, compared to analysts expectations of $773.08 million. The company’s revenue was down -2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.

Many Wall Street Analysts have commented on Tempur Sealy International Inc. Wedbush Downgraded Tempur Sealy International Inc on Apr 22, 2016 to ” Neutral”, Price Target of the shares are set at $58.Tempur Sealy International Inc was Initiated by Longbow to “Buy” on Mar 15, 2016.

Tempur Sealy International Inc closed down -0.22 points or -0.37% at $58.72 with 15,92,444 shares getting traded on Wednesday. Post opening the session at $58.92, the shares hit an intraday low of $58.4 and an intraday high of $59.62 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Mar 21, 2016, Lou H Jones (EVP, GC & SECRETARY) sold 7,253 shares at $63.00 per share price. According to the SEC, on Mar 15, 2016, Richard W Anderson (EVP & President North America) purchased 17,430 shares at $57.31 per share price. On Mar 15, 2016, Scott L Thompson (CEO) purchased 35,000 shares at $57.90 per share price, according to the Form-4 filing with the securities and exchange commission.

Tempur Sealy International Inc. is a bedding provider. The Company develops manufactures markets and distributes bedding products which it sells globally in approximately 100 countries. The Company operates in three segments: Tempur North America Tempur International and Sealy. The Company’s brand portfolio includes TEMPUR Tempur-Pedic Sealy Sealy Posturepedic Optimum and Stearns & Foster. The Company sells its products through three distribution channels in each operating business segment: Retail which consists of furniture and bedding retailers department stores specialty retailers and warehouse clubs; Direct which consists of electronic commerce (e-commerce) platform Company-owned stores and call center and Other which includes third party distributors hospitality and healthcare customers.

Tempur Sealy International Inc

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