Tempur Sealy International, Inc. (NYSE:TPX - Free Report) - Analysts at Wedbush lowered their FY2024 earnings estimates for Tempur Sealy International in a note issued to investors on Friday, November 8th. Wedbush analyst S. Basham now forecasts that the company will earn $2.48 per share for the year, down from their prior forecast of $2.53. Wedbush has a "Neutral" rating and a $55.00 price target on the stock. The consensus estimate for Tempur Sealy International's current full-year earnings is $2.51 per share. Wedbush also issued estimates for Tempur Sealy International's Q4 2024 earnings at $0.53 EPS, Q1 2025 earnings at $0.55 EPS, Q2 2025 earnings at $0.69 EPS, Q3 2025 earnings at $0.88 EPS, Q4 2025 earnings at $0.58 EPS, FY2025 earnings at $2.70 EPS and FY2026 earnings at $2.88 EPS.
Separately, Raymond James reduced their target price on shares of Tempur Sealy International from $57.00 to $55.00 and set a "strong-buy" rating for the company in a report on Friday, November 1st. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Tempur Sealy International has a consensus rating of "Buy" and an average target price of $60.67.
Check Out Our Latest Stock Analysis on TPX
Tempur Sealy International Stock Up 2.7 %
Tempur Sealy International stock traded up $1.45 during trading hours on Monday, reaching $55.87. The stock had a trading volume of 1,469,010 shares, compared to its average volume of 1,574,359. The company has a market cap of $9.70 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 2.34 and a beta of 1.60. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.14 and a quick ratio of 0.68. The business's 50 day moving average price is $51.25 and its 200-day moving average price is $50.59. Tempur Sealy International has a 52 week low of $36.98 and a 52 week high of $57.13.
Tempur Sealy International (NYSE:TPX - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.01. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. The firm's revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.77 earnings per share.
Hedge Funds Weigh In On Tempur Sealy International
Several hedge funds have recently modified their holdings of TPX. Darsana Capital Partners LP boosted its position in Tempur Sealy International by 40.0% in the second quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the company's stock valued at $331,380,000 after buying an additional 2,000,000 shares during the last quarter. Eminence Capital LP boosted its position in Tempur Sealy International by 61.6% in the second quarter. Eminence Capital LP now owns 2,249,222 shares of the company's stock valued at $106,478,000 after buying an additional 857,478 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in Tempur Sealy International in the second quarter valued at approximately $37,278,000. Linonia Partnership LP boosted its position in Tempur Sealy International by 17.1% in the second quarter. Linonia Partnership LP now owns 3,749,434 shares of the company's stock valued at $177,498,000 after buying an additional 548,004 shares during the last quarter. Finally, Maverick Capital Ltd. boosted its position in Tempur Sealy International by 104.1% in the second quarter. Maverick Capital Ltd. now owns 978,708 shares of the company's stock valued at $46,332,000 after buying an additional 499,233 shares during the last quarter. Institutional investors and hedge funds own 99.86% of the company's stock.
Tempur Sealy International Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.13 per share. The ex-dividend date is Thursday, November 21st. This represents a $0.52 annualized dividend and a dividend yield of 0.93%. Tempur Sealy International's dividend payout ratio (DPR) is currently 23.74%.
Tempur Sealy International Company Profile
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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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