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

Tempur Sealy International (NYSE:TPX) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 2.450-2.550 for the period, compared to the consensus earnings per share estimate of 2.530. The company issued revenue guidance of -. Tempur Sealy International also updated its FY24 guidance to $2.45-$2.55 EPS.

Tempur Sealy International Stock Performance

Shares of NYSE:TPX traded up $4.89 during mid-day trading on Thursday, reaching $54.76. 1,328,138 shares of the company traded hands, compared to its average volume of 1,559,470. The company’s 50 day moving average price is $51.10 and its 200-day moving average price is $50.49. The firm has a market cap of $9.51 billion, a PE ratio of 26.45, a PEG ratio of 2.08 and a beta of 1.60. The company has a debt-to-equity ratio of 5.92, a current ratio of 1.21 and a quick ratio of 0.68. Tempur Sealy International has a 52 week low of $36.12 and a 52 week high of $57.13.

Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.28 billion. Tempur Sealy International had a net margin of 7.65% and a return on equity of 135.46%. The company’s revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.58 earnings per share. On average, equities analysts expect that Tempur Sealy International will post 2.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TPX shares. Truist Financial cut their price objective on Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Raymond James decreased their price objective on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a report on Friday, November 1st. Finally, Wedbush lowered Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 price target on the stock. in a report on Wednesday, September 4th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Tempur Sealy International has an average rating of “Buy” and an average price target of $60.17.

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.