Tempur Sealy International, Inc. to Post Q3 2024 Earnings of $0.81 Per Share, William Blair Forecasts (NYSE:TPX)

Tempur Sealy International, Inc. (NYSE:TPX) – Equities research analysts at William Blair dropped their Q3 2024 earnings estimates for Tempur Sealy International in a report issued on Tuesday, August 6th. William Blair analyst P. Blee now anticipates that the company will earn $0.81 per share for the quarter, down from their prior estimate of $0.87. The consensus estimate for Tempur Sealy International’s current full-year earnings is $2.61 per share. William Blair also issued estimates for Tempur Sealy International’s Q4 2024 earnings at $0.56 EPS, FY2024 earnings at $2.50 EPS and FY2025 earnings at $3.00 EPS.

TPX has been the topic of several other research reports. Truist Financial lowered their price target on shares of Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Piper Sandler reiterated an “overweight” rating and issued a $61.00 price target on shares of Tempur Sealy International in a research note on Wednesday, July 3rd. Finally, Wedbush lowered their price objective on Tempur Sealy International from $55.00 to $52.00 and set an “outperform” rating on the stock in a research report on Wednesday. One equities 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 MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $59.71.

Tempur Sealy International Stock Up 0.5 %

TPX stock opened at $49.87 on Thursday. The business’s 50-day moving average price is $49.24 and its 200-day moving average price is $51.15. The stock has a market cap of $8.66 billion, a P/E ratio of 24.69, a PEG ratio of 1.59 and a beta of 1.60. The company has a quick ratio of 0.70, a current ratio of 1.21 and a debt-to-equity ratio of 5.92. Tempur Sealy International has a twelve month low of $36.12 and a twelve month high of $57.13.

Tempur Sealy International (NYSE:TPX) last announced its earnings results on Tuesday, August 6th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). Tempur Sealy International had a return on equity of 135.46% and a net margin of 7.65%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the prior year, the business posted $0.58 earnings per share. Tempur Sealy International’s revenue for the quarter was down 2.8% compared to the same quarter last year.

Tempur Sealy International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.13 per share. The ex-dividend date is Thursday, August 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.04%. Tempur Sealy International’s dividend payout ratio is currently 25.74%.

Hedge Funds Weigh In On Tempur Sealy International

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Toronto Dominion Bank boosted its stake in Tempur Sealy International by 0.6% during the first quarter. Toronto Dominion Bank now owns 32,820 shares of the company’s stock worth $1,865,000 after buying an additional 210 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Tempur Sealy International by 0.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 31,574 shares of the company’s stock worth $1,495,000 after purchasing an additional 220 shares during the period. J.Safra Asset Management Corp boosted its stake in shares of Tempur Sealy International by 23.8% during the 2nd quarter. J.Safra Asset Management Corp now owns 1,273 shares of the company’s stock worth $60,000 after purchasing an additional 245 shares during the period. Signaturefd LLC grew its holdings in Tempur Sealy International by 35.1% during the 2nd quarter. Signaturefd LLC now owns 981 shares of the company’s stock valued at $46,000 after purchasing an additional 255 shares during the last quarter. Finally, Natixis Advisors L.P. raised its position in Tempur Sealy International by 0.8% in the 4th quarter. Natixis Advisors L.P. now owns 30,952 shares of the company’s stock worth $1,577,000 after purchasing an additional 256 shares during the period. 99.86% of the stock is owned by hedge funds and other institutional investors.

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.