Tempur Sealy International (NYSE:TPX) Releases Quarterly Earnings Results

Tempur Sealy International (NYSE:TPX - Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.81 by $0.01, Briefing.com reports. Tempur Sealy International had a net margin of 7.65% and a return on equity of 135.46%. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the company earned $0.77 earnings per share. The company's quarterly revenue was up 1.8% on a year-over-year basis. Tempur Sealy International updated its FY24 guidance to $2.45-$2.55 EPS and its FY 2024 guidance to 2.450-2.550 EPS.

Tempur Sealy International Price Performance

TPX traded up $0.42 on Friday, hitting $54.42. 1,915,544 shares of the stock were exchanged, compared to its average volume of 1,574,295. Tempur Sealy International has a 12 month low of $36.12 and a 12 month high of $57.13. The business has a 50-day moving average of $51.14 and a two-hundred day moving average of $50.51. The company has a debt-to-equity ratio of 5.92, a current ratio of 1.21 and a quick ratio of 0.68. The firm has a market capitalization of $9.45 billion, a price-to-earnings ratio of 25.90, a PEG ratio of 2.14 and a beta of 1.60.

Tempur Sealy International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.52 annualized dividend and a yield of 0.96%. Tempur Sealy International's dividend payout ratio is 24.76%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wedbush upped their price objective on shares of Tempur Sealy International from $49.00 to $55.00 and gave the company a "neutral" rating in a report on Friday. Raymond James decreased their price objective 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. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Tempur Sealy International currently 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.

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