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

Tempur Sealy International (NYSE:TPX - Get Free Report) will be posting its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect Tempur Sealy International to post 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 interested in listening to 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 results 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 business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.28 billion. Tempur Sealy International had a return on equity of 135.46% and a net margin of 7.65%. Tempur Sealy International's quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $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 1.1 %

Shares of Tempur Sealy International stock traded down $0.53 on Thursday, reaching $48.32. 298,620 shares of the company's stock were exchanged, compared to its average volume of 1,549,817. The company has a market capitalization of $8.39 billion, a P/E ratio of 24.18, a price-to-earnings-growth ratio of 2.04 and a beta of 1.59. Tempur Sealy International has a 52 week low of $36.12 and a 52 week high of $57.13. The firm's 50-day moving average is $51.42 and its two-hundred day moving average is $50.51. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.68 and a current ratio of 1.21.

Tempur Sealy International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend was Thursday, August 15th. Tempur Sealy International's payout ratio is 25.74%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TPX. Piper Sandler reiterated an "overweight" rating and issued a $61.00 target price on shares of Tempur Sealy International in a report on Wednesday, July 3rd. Truist Financial cut their target price on Tempur Sealy International from $65.00 to $58.00 and set a "buy" rating on the stock in a report on Wednesday, July 10th. Finally, Wedbush cut Tempur Sealy International from an "outperform" rating to a "neutral" rating and set a $52.00 target price on the stock. in a report on Wednesday, September 4th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price 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.