Tempur Sealy International, Inc. (NYSE:TPX - Free Report) - Research analysts at William Blair lifted their FY2024 EPS estimates for shares of Tempur Sealy International in a note issued to investors on Thursday, November 7th. William Blair analyst P. Blee now anticipates that the company will earn $2.52 per share for the year, up from their previous forecast of $2.50. The consensus estimate for Tempur Sealy International's current full-year earnings is $2.51 per share. William Blair also issued estimates for Tempur Sealy International's Q4 2024 earnings at $0.57 EPS.
TPX has been the subject of several other reports. Raymond James decreased their price target on shares of Tempur Sealy International from $57.00 to $55.00 and set a "strong-buy" rating for the company in a research note on Friday, November 1st. Wedbush increased their price target on shares of Tempur Sealy International from $49.00 to $55.00 and gave the stock a "neutral" rating in a research note on Friday. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Tempur Sealy International presently has an average rating of "Buy" and a consensus price target of $60.67.
Read Our Latest Report on Tempur Sealy International
Tempur Sealy International Stock Up 2.7 %
Shares of Tempur Sealy International stock traded up $1.45 during trading on Monday, hitting $55.87. The company's stock had a trading volume of 1,469,010 shares, compared to its average volume of 1,574,359. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.68 and a current ratio of 1.14. The company has a fifty day simple moving average of $51.25 and a two-hundred day simple moving average of $50.59. The company has a market capitalization of $9.70 billion, a PE ratio of 25.51, a P/E/G ratio of 2.34 and a beta of 1.60. Tempur Sealy International has a 52 week low of $36.98 and a 52 week high of $57.13.
Tempur Sealy International (NYSE:TPX - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.81 by $0.01. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. 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 earned $0.77 EPS. The company's revenue for the quarter was up 1.8% on a year-over-year basis.
Tempur Sealy International Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.13 per share. The ex-dividend date is Thursday, November 21st. This represents a $0.52 dividend on an annualized basis and a yield of 0.93%. Tempur Sealy International's dividend payout ratio is currently 23.74%.
Institutional Trading of Tempur Sealy International
Institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC purchased a new stake in shares of Tempur Sealy International during the 1st quarter valued at about $26,000. UMB Bank n.a. boosted its holdings in shares of Tempur Sealy International by 750.9% during the 3rd quarter. UMB Bank n.a. now owns 468 shares of the company's stock valued at $26,000 after acquiring an additional 413 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Tempur Sealy International by 35.1% during the 2nd quarter. Signaturefd LLC now owns 981 shares of the company's stock valued at $46,000 after acquiring an additional 255 shares during the last quarter. Gilliland Jeter Wealth Management LLC purchased a new position in shares of Tempur Sealy International in the second quarter worth approximately $56,000. Finally, J.Safra Asset Management Corp boosted its holdings in shares of Tempur Sealy International by 80.0% in the first quarter. J.Safra Asset Management Corp now owns 1,028 shares of the company's stock worth $58,000 after buying an additional 457 shares during the last quarter. Hedge funds and other institutional investors own 99.86% of the company's stock.
About Tempur Sealy International
(
Get Free Report)
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.
Further Reading
Before you consider Tempur Sealy International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tempur Sealy International wasn't on the list.
While Tempur Sealy International currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
