NEW YORK (TheStreet) -- Tempur Sealy (TPX - Get Report) stock is down by 12.30% to $52.96 in mid-morning trading on Thursday, after the company reported its 2015 fourth quarter earnings results.

Before the market open today, the Lexington, KY-based bedding provider reported adjusted earnings of 99 cents per share, which was in-line with analysts' forecasts. Revenue rose by 2.9% to $767.3 million, lower than analysts' estimates for revenue of $785.45 million.

The company reported a loss of $11.3 million, compared to net income of $46.6 million during the year-ago period. 

Additionally, Tempur Sealy's board authorized a $200 million share repurchase program.

"We see the current authorization as simply the initial step of implementing our long term strategy to maintain both a healthy and efficient capital structure," CEO Scott Thompson said in a statement. "At the current stock price, it appears to be a compelling use of excess capital."

Separately, recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings rates this stock as a "buy" with a ratings score of B. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, good cash flow from operations, expanding profit margins and solid stock price performance. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

You can view the full analysis from the report here: TPX

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