Tempur Sealy International, Inc. Plans Quarterly Dividend of $0.13 (NYSE:TPX)

Tempur Sealy International, Inc. (NYSE:TPX) announced a quarterly dividend on Tuesday, May 7th, Zacks reports. Shareholders of record on Thursday, May 16th will be given a dividend of 0.13 per share on Thursday, May 30th. This represents a $0.52 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Wednesday, May 15th.

Tempur Sealy International has a payout ratio of 16.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Tempur Sealy International to earn $3.25 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 16.0%.

Tempur Sealy International Stock Performance

NYSE:TPX traded down $0.51 on Wednesday, reaching $51.56. 374,965 shares of the company’s stock were exchanged, compared to its average volume of 1,664,512. Tempur Sealy International has a 52 week low of $34.98 and a 52 week high of $57.13. The firm has a market cap of $8.95 billion, a price-to-earnings ratio of 24.80, a P/E/G ratio of 1.17 and a beta of 1.58. The company has a debt-to-equity ratio of 7.81, a current ratio of 1.21 and a quick ratio of 0.68. The stock has a fifty day simple moving average of $52.83 and a 200-day simple moving average of $48.71.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Tempur Sealy International had a return on equity of 239.67% and a net margin of 7.47%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the business posted $0.53 earnings per share. The firm’s revenue was down 1.5% compared to the same quarter last year. As a group, sell-side analysts predict that Tempur Sealy International will post 2.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

TPX has been the topic of a number of research analyst reports. Wedbush reiterated an “outperform” rating and set a $66.00 target price on shares of Tempur Sealy International in a report on Wednesday. Piper Sandler raised shares of Tempur Sealy International from a “neutral” rating to an “overweight” rating and raised their price target for the company from $41.00 to $61.00 in a research report on Thursday, January 18th. Truist Financial upped their target price on shares of Tempur Sealy International from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Raymond James raised their price target on Tempur Sealy International from $45.00 to $58.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 19th. Finally, Loop Capital raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating and upped their target price for the company from $50.00 to $75.00 in a report on Monday, March 25th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Tempur Sealy International has an average rating of “Buy” and an average price target of $62.71.

Tempur Sealy International Company Profile

Tempur Sealy International, Inc, together with its subsidiaries, designs, manufactures, distributes, and retails bedding products in the United States and internationally. It provides mattresses, foundations and adjustable foundations, and adjustable bases, as well as other products comprising pillows, mattress covers, sheets, cushions, and various other accessories and comfort products under the Tempur-Pedic, Sealy, Stearns & Foster, Sealy, and Cocoon by Sealy brand names.