Sealy Co. (ZZ) Posts Quarterly Earnings Results, Meets Estimates
Tuesday, June 28, 2021 6:09 PM

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Sealy Co. (ZZ) announced its quarterly results on Tuesday. The company reported $0.01 earnings per share for the quarter, meeting the Thomson Reuters consensus estimate of $0.01. The company’s quarterly revenue was up 10.6% on a year-over-year basis.

On a related note, analysts at Zacks Investment Research reiterated a "neutral" rating on shares of Sealy Co. in a research note to investors on Thursday, April 14th. Also, analysts at Piper Jaffray (NYSE: PJC) downgraded shares of Sealy Co. from an "overweight" rating to a "neutral" rating in a research note to investors on Wednesday, March 30th. They now have a $2.50 price target on the stock, down previously from $3.50.

Shares of Sealy Co. (ZZ) traded up 4.17% during mid-day trading on Tuesday, hitting $2.50. Sealy Co. (ZZ) has a 52 week low of $2.30 and a 52 week high of $3.47. The stock's 50-day moving average is $2.54 and its 200-day moving average is $2.69. The company has a market cap of $245.3 million.

Sealy Corporation (Sealy) is engaged in the business of manufacturing and marketing of a line of bedding products, including mattresses and mattress foundations. The Company’s conventional (innerspring) bedding products are manufactured and marketed in the Americas under its Sealy, Sealy Posturepedic, Stearns & Foster and Bassett brand names. In addition, it also manufactures and markets specialty (non-innerspring) latex and visco-elastic bedding products under the PurEmbrace, TrueForm, SpringFree, Stearns & Foster, Reflexions, Carrington Chase and MirrorForm brand names. The Company operates in two segments: the Americas and Europe. The Americas segment operations are concentrated in the United States, Canada, Mexico, Argentina, Uruguay, Brazil and Puerto Rico. Europe operations are concentrated in Western Europe.

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