Tempur Sealy International (TPX) to Release Quarterly Earnings on Thursday

Tempur Sealy International (NYSE:TPX) is set to announce its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce 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.Investors interested in listening to the company’s conference call can do so using this link.

Tempur Sealy International (NYSE:TPX) last released 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). 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 for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the firm earned $0.58 EPS. The firm’s revenue was down 2.8% compared to the same quarter last year. 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 Stock Down 1.1 %

TPX stock opened at $48.84 on Thursday. Tempur Sealy International has a 52-week low of $36.12 and a 52-week high of $57.13. The company’s 50 day simple moving average is $51.42 and its 200-day simple moving average is $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 $8.48 billion, a P/E ratio of 24.18, a P/E/G ratio of 2.04 and a beta of 1.59.

Tempur Sealy International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a $0.13 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.52 annualized dividend and a yield of 1.06%. Tempur Sealy International’s dividend payout ratio is presently 25.74%.

Wall Street Analysts Forecast Growth

TPX has been the topic of several research reports. Wedbush lowered shares of Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 price objective on the stock. in a research note on Wednesday, September 4th. Truist Financial dropped their price objective on shares of Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $61.00 price objective on shares of Tempur Sealy International in a research note on Wednesday, July 3rd. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Tempur Sealy International currently has a consensus rating of “Buy” and a consensus price target 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.