Tempur Sealy International Inc (NYSE: TPX) has reported earnings for its second fiscal quarter (ending June 30) of $0.61 versus $0.54 for the same period a year ago — an increase of 13%. However, this performance was $-0.03 short of the consensus estimate of $0.64. E.P.S. were $2.16 for the latest four quarters through June 30 versus $2.40 for the same period a year ago — a decline of -10%.
Recent Price Action
On 8/6/24, Tempur Sealy International Inc (NYSE: TPX) stock declined slightly by -0.8%, closing at $48.23. Moreover, trading volume in this decline was unusually high at 189% of normal. Relative to the market the stock has been strong over the last nine months but has declined -7.4% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, TPX is expected to continue to be a major Value Builder.
Tempur Sealy has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Tempur Sealy has a neutral Power Rating of 52 but a good Appreciation Score of 74, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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