Tempur Sealy International (NYSE:TPX) Updates FY24 Earnings Guidance

Tempur Sealy International (NYSE:TPX - Get Free Report) issued an update on its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of $2.45-$2.55 for the period, compared to the consensus EPS estimate of $2.52. Tempur Sealy International also updated its FY 2024 guidance to 2.450-2.550 EPS.

Tempur Sealy International Trading Up 8.3 %

TPX stock traded up $4.12 during midday trading on Thursday, hitting $53.99. 4,021,084 shares of the company's stock were exchanged, compared to its average volume of 1,572,715. The stock's fifty day moving average price is $51.10 and its 200-day moving average price is $50.49. 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 company has a market cap of $9.38 billion, a PE ratio of 26.45, a price-to-earnings-growth ratio of 2.08 and a beta of 1.60. Tempur Sealy International has a one year low of $36.12 and a one year high of $57.13.

Tempur Sealy International (NYSE:TPX - Get Free Report) last released its quarterly earnings results 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). Tempur Sealy International had a net margin of 7.65% and a return on equity of 135.46%. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the business earned $0.58 EPS. The business's revenue for the quarter was down 2.8% compared to the same quarter last year. Research analysts predict that Tempur Sealy International will post 2.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TPX shares. Raymond James lowered their target price on Tempur Sealy International from $57.00 to $55.00 and set a "strong-buy" rating on the stock in a research report on Friday, November 1st. Truist Financial lowered their target price on 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 Tempur Sealy International from an "outperform" rating to a "neutral" rating and set a $52.00 price target for the company. in a report on Wednesday, September 4th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $60.17.

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.