Tempur Sealy International, Inc. (NYSE:TPX) Declares Quarterly Dividend of $0.13

Tempur Sealy International, Inc. (NYSE:TPX - Get Free Report) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Thursday, November 21st will be paid a dividend of 0.13 per share on Thursday, December 5th. This represents a $0.52 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Thursday, November 21st.

Tempur Sealy International has a dividend payout ratio of 16.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Tempur Sealy International to earn $2.91 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 17.9%.

Tempur Sealy International Stock Performance

Shares of TPX stock traded up $0.42 during mid-day trading on Friday, reaching $54.42. 1,915,544 shares of the company's stock traded hands, compared to its average volume of 1,574,295. 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 capitalization of $9.45 billion, a PE ratio of 25.90, a price-to-earnings-growth ratio of 2.14 and a beta of 1.60. Tempur Sealy International has a 12 month low of $36.12 and a 12 month high of $57.13. The firm has a 50 day moving average price of $51.14 and a two-hundred day moving average price of $50.51.

Tempur Sealy International (NYSE:TPX - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.01. Tempur Sealy International had a net margin of 7.65% and a return on equity of 135.46%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the business posted $0.77 earnings per share. The company's revenue was up 1.8% on a year-over-year basis. On average, research analysts forecast that Tempur Sealy International will post 2.52 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Raymond James lowered their target price on shares of 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. Wedbush boosted their target price on shares of Tempur Sealy International from $49.00 to $55.00 and gave the stock a "neutral" rating in a report on Friday. 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 company's stock. According to data from MarketBeat, Tempur Sealy International presently has an average rating of "Buy" and a consensus target price of $60.67.

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.