Tempur Sealy International (NYSE:TPX) Releases FY 2024 Earnings Guidance

Tempur Sealy International (NYSE:TPX) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 2.600-2.900 for the period, compared to the consensus EPS estimate of 2.750. The company issued revenue guidance of -.

Tempur Sealy International Stock Down 1.6 %

TPX stock traded down $0.85 during trading on Wednesday, hitting $51.22. 249,354 shares of the company’s stock traded hands, compared to its average volume of 1,662,952. The business has a fifty day simple moving average of $52.83 and a two-hundred day simple moving average of $48.71. The company has a quick ratio of 0.68, a current ratio of 1.21 and a debt-to-equity ratio of 7.81. The firm has a market capitalization of $8.89 billion, a P/E ratio of 25.15, a PEG ratio of 1.17 and a beta of 1.58. Tempur Sealy International has a 1 year low of $34.98 and a 1 year high of $57.13.

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 net margin of 7.47% and a return on equity of 239.67%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the previous year, the firm earned $0.53 EPS. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. Sell-side analysts anticipate that Tempur Sealy International will post 2.75 EPS for the current year.

Tempur Sealy International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Wednesday, May 15th. Tempur Sealy International’s dividend payout ratio (DPR) is presently 25.12%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TPX. KeyCorp upped their target price on Tempur Sealy International from $56.00 to $60.00 and gave the company an overweight rating in a research report on Friday, February 9th. Loop Capital raised Tempur Sealy International from a hold rating to a buy rating and increased their price target for the stock from $50.00 to $75.00 in a research report on Monday, March 25th. Piper Sandler upgraded Tempur Sealy International from a neutral rating to an overweight rating and upped their target price for the stock from $41.00 to $61.00 in a research note on Thursday, January 18th. Wedbush reiterated an outperform rating and set a $66.00 price target on shares of Tempur Sealy International in a research report on Tuesday, April 30th. Finally, Truist Financial boosted their price target on shares of Tempur Sealy International from $60.00 to $65.00 and gave the stock a buy rating in a research report on Friday, April 5th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Buy and an average price target of $62.71.

About Tempur Sealy International

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.