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

Tempur Sealy International (NYSE:TPX - Get Free Report) will be issuing its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.82 per share for the quarter. Tempur Sealy International has set its FY24 guidance at $2.45-$2.65 EPS and its FY 2024 guidance at 2.450-2.650 EPS.Individual that are interested in registering for the company's earnings conference call can do so using this link.

Tempur Sealy International (NYSE:TPX - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.01). The company had revenue of $1.23 billion during 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%. Tempur Sealy International's revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.58 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 Trading Down 1.9 %

Tempur Sealy International stock traded down $0.94 during trading hours on Thursday, hitting $47.91. The company had a trading volume of 1,626,174 shares, compared to its average volume of 1,556,134. Tempur Sealy International has a 1 year low of $36.12 and a 1 year high of $57.13. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.68 and a current ratio of 1.21. The firm has a market cap of $8.32 billion, a P/E ratio of 23.72, a P/E/G ratio of 2.04 and a beta of 1.59. The company has a 50-day moving average price of $51.42 and a two-hundred day moving average price of $50.51.

Tempur Sealy International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.09%. The ex-dividend date was Thursday, August 15th. Tempur Sealy International's dividend payout ratio is currently 25.74%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Piper Sandler restated an "overweight" rating and set a $61.00 price target on shares of Tempur Sealy International in a report on Wednesday, July 3rd. Truist Financial reduced 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 research report on Wednesday, July 10th. Finally, Wedbush cut shares of Tempur Sealy International from an "outperform" rating to a "neutral" rating and set a $52.00 price objective for the company. in a report on Wednesday, September 4th. 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 company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $60.67.

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.