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

Tempur Sealy International (NYSE:TPXGet Free Report) 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 Price Performance

TPX stock traded up $0.44 during mid-day trading on Friday, reaching $54.43. The company’s stock had a trading volume of 1,774,175 shares, compared to its average volume of 1,639,017. The stock has a market cap of $9.45 billion, a PE ratio of 26.94, a P/E/G ratio of 1.71 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 7.74. Tempur Sealy International has a fifty-two week low of $34.98 and a fifty-two week high of $57.13. The company’s 50 day moving average is $52.79 and its two-hundred day moving average is $48.87.

Tempur Sealy International (NYSE:TPXGet Free Report) last announced its earnings results on Tuesday, May 7th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.21 billion. Tempur Sealy International had a return on equity of 168.59% and a net margin of 7.32%. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.53 earnings per share. Equities research analysts expect that Tempur Sealy International will post 2.71 EPS for the current year.

Tempur Sealy International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.96%. Tempur Sealy International’s payout ratio is currently 25.74%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Loop Capital raised shares of Tempur Sealy International from a hold rating to a buy rating and boosted their price target for the company from $50.00 to $75.00 in a research report on Monday, March 25th. KeyCorp increased their price target on shares of Tempur Sealy International from $56.00 to $60.00 and gave the stock an overweight rating in a report on Friday, February 9th. Wedbush reiterated an outperform rating and issued a $66.00 price target on shares of Tempur Sealy International in a research report on Wednesday. Truist Financial increased their price target on shares of Tempur Sealy International from $60.00 to $65.00 and gave the company a buy rating in a research report on Friday, April 5th. Finally, Raymond James raised their target price 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. 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’s stock. Based on data from MarketBeat, the company has a consensus rating of Buy and a consensus price target of $62.71.

Read Our Latest Research Report on TPX

Tempur Sealy International Company Profile

(Get Free Report)

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.

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

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