Tempur Sealy International (NYSE:TPX) Issues Earnings Results

Tempur Sealy International (NYSE:TPX) issued its quarterly earnings data on Tuesday. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02, Briefing.com reports. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.21 billion. Tempur Sealy International had a return on equity of 239.67% and a net margin of 7.47%. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 EPS. Tempur Sealy International updated its FY24 guidance to $2.60-2.90 EPS.

Tempur Sealy International Stock Up 0.1 %

TPX opened at $52.12 on Thursday. Tempur Sealy International has a 12 month low of $34.98 and a 12 month high of $57.13. The company has a market cap of $9.05 billion, a PE ratio of 25.18, a price-to-earnings-growth ratio of 1.17 and a beta of 1.58. The company has a current ratio of 1.21, a quick ratio of 0.68 and a debt-to-equity ratio of 7.81. The company has a 50 day moving average of $52.81 and a 200 day moving average of $48.74.

Tempur Sealy International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Wednesday, May 15th. Tempur Sealy International’s dividend payout ratio (DPR) is currently 25.12%.

Analyst Ratings Changes

Several research firms have recently issued reports on TPX. Loop Capital upgraded shares of Tempur Sealy International from a “hold” rating to a “buy” rating and upped their target price for the stock from $50.00 to $75.00 in a research note on Monday, March 25th. Raymond James upped their price objective on shares of Tempur Sealy International from $45.00 to $58.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 19th. Truist Financial lifted their target price 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. KeyCorp boosted their target price on Tempur Sealy International from $56.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, February 9th. Finally, Piper Sandler raised Tempur Sealy International from a “neutral” rating to an “overweight” rating and increased their price target for the company from $41.00 to $61.00 in a research report on Thursday, January 18th. One 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price 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.