Tempur Sealy International (NYSE:TPX) Issues FY22 Earnings Guidance

Tempur Sealy International (NYSE:TPXGet Rating) updated its FY22 earnings guidance on Thursday. The company provided EPS guidance of $3.20-3.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.36. The company issued revenue guidance of at least $5.42 billion, compared to the consensus revenue estimate of $5.43 billion.

Shares of NYSE TPX traded down $1.28 during midday trading on Friday, hitting $27.11. The stock had a trading volume of 3,593,524 shares, compared to its average volume of 3,409,947. The company has a market capitalization of $4.85 billion, a price-to-earnings ratio of 8.66, a PEG ratio of 0.53 and a beta of 1.82. Tempur Sealy International has a 1-year low of $25.56 and a 1-year high of $50.51. The company has a quick ratio of 0.77, a current ratio of 1.21 and a debt-to-equity ratio of 7.97. The company has a fifty day moving average price of $30.24 and a 200 day moving average price of $39.02.

Tempur Sealy International (NYSE:TPXGet Rating) last released its quarterly earnings data on Thursday, April 28th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.09. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.20 billion. Tempur Sealy International had a return on equity of 190.50% and a net margin of 12.66%. The company’s revenue was up 18.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.64 EPS. On average, research analysts forecast that Tempur Sealy International will post 3.29 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 26th. Stockholders of record on Thursday, May 12th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Wednesday, May 11th. Tempur Sealy International’s dividend payout ratio is currently 12.78%.

Several equities analysts have recently weighed in on TPX shares. Loop Capital reduced their price objective on Tempur Sealy International from $35.00 to $28.00 in a research note on Tuesday, April 12th. KeyCorp reduced their price objective on Tempur Sealy International from $46.00 to $42.00 and set an overweight rating on the stock in a research note on Friday, April 1st. Wedbush reduced their price target on Tempur Sealy International from $55.00 to $40.00 and set an outperform rating on the stock in a research report on Wednesday, February 23rd. Zacks Investment Research lowered Tempur Sealy International from a hold rating to a sell rating in a research report on Saturday, April 9th. Finally, TheStreet lowered Tempur Sealy International from a b rating to a c+ rating in a research report on Thursday. One analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Tempur Sealy International currently has an average rating of Buy and an average price target of $38.86.

Institutional investors and hedge funds have recently made changes to their positions in the business. Advisors Asset Management Inc. raised its position in shares of Tempur Sealy International by 104.1% in the 4th quarter. Advisors Asset Management Inc. now owns 5,769 shares of the company’s stock valued at $271,000 after purchasing an additional 2,943 shares in the last quarter. JustInvest LLC raised its position in shares of Tempur Sealy International by 23.7% in the 4th quarter. JustInvest LLC now owns 11,760 shares of the company’s stock valued at $553,000 after purchasing an additional 2,252 shares in the last quarter. NewEdge Advisors LLC acquired a new position in shares of Tempur Sealy International in the 4th quarter valued at approximately $584,000. Lombard Odier Asset Management USA Corp acquired a new position in shares of Tempur Sealy International in the 4th quarter valued at approximately $637,000. Finally, LPL Financial LLC raised its position in shares of Tempur Sealy International by 1.3% in the 4th quarter. LPL Financial LLC now owns 40,484 shares of the company’s stock valued at $1,904,000 after purchasing an additional 533 shares in the last quarter. 93.18% of the stock is currently owned by institutional investors.

Tempur Sealy International Company Profile (Get Rating)

Tempur Sealy International, Inc, together with its subsidiaries, designs, manufactures, markets, and distributes 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, Tempur-Pedic, Sealy, and Stearns & Foster brands.

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Earnings History and Estimates for Tempur Sealy International (NYSE:TPX)

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