Revenue Update on Tempur Sealy International Inc(NYSE:TPX)

Tempur Sealy International Inc(NYSE:TPX) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $804.40M. Analysts estimated a revenue of $786.12M. Earnings per share were $0.92. Analysts had estimated an EPS of $0.68.

In a different note, Topeka Capital said it Initiates Coverage on Tempur Sealy International Inc, according to a research note issued on May 24, 2016. The shares have been rated ‘Hold’ by the firm.

Tempur Sealy International Inc (TPX) shares turned negative on Thursdays trading session with the shares closing down -0.2 points or -0.26% at a volume of 10,26,299. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $77.23. The peak price level was also seen at $77.23 while the days lowest was $75.79. Finally the shares closed at $76.17. The 52-week high of the shares is $82.61 while the 52-week low is $50.8. According to the latest information available, the market cap of the company is $4,640 M.

Several Insider Transactions has been reported to the SEC. On Jun 15, 2016, Jay G Spenchian (EVP, Chief Marketing Officer) purchased 7,000 shares at $58.37 per share price.Also, On Jun 1, 2016, Bhaskar Rao (CAO & SVP Finance) purchased 8,450 shares at $58.97 per share price.On May 3, 2016, Scott L Thompson (CEO) purchased 16,679 shares at $59.96 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.

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