Tempur Sealy International (TPX) Set to Announce Earnings on Tuesday

Tempur Sealy International (NYSE:TPX) is set to post its quarterly earnings results before the market opens on Tuesday, August 6th. Analysts expect Tempur Sealy International to post earnings of $0.63 per share for the quarter. Tempur Sealy International has set its FY24 guidance at $2.60-2.90 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.50 earnings per share 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 analysts’ expectations of $1.21 billion. Tempur Sealy International had a return on equity of 168.59% and a net margin of 7.32%. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 earnings per share. On average, analysts expect Tempur Sealy International to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Tempur Sealy International Stock Performance

Shares of NYSE TPX opened at $49.01 on Monday. Tempur Sealy International has a 12-month low of $36.12 and a 12-month high of $57.13. The company has a market cap of $8.51 billion, a PE ratio of 24.26, a P/E/G ratio of 1.59 and a beta of 1.60. The stock has a 50 day simple moving average of $49.38 and a 200-day simple moving average of $51.23. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 7.74.

Tempur Sealy International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were given a dividend of $0.13 per share. The ex-dividend date was Wednesday, May 15th. This represents a $0.52 dividend on an annualized basis and a yield of 1.06%. Tempur Sealy International’s dividend payout ratio (DPR) is presently 25.74%.

Wall Street Analyst Weigh In

TPX has been the topic of a number of recent analyst reports. Truist Financial cut their price objective on shares of Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Piper Sandler restated an “overweight” rating and set a $61.00 price target on shares of Tempur Sealy International in a research report on Wednesday, July 3rd. Finally, Wedbush reiterated an “outperform” rating and issued a $55.00 price objective on shares of Tempur Sealy International in a report on Monday, July 22nd. 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $60.14.

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.