Tempur Sealy International (NYSE:TPX) Issues FY 2024 Earnings Guidance

Tempur Sealy International (NYSE:TPX) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 2.450-2.650 for the period, compared to the consensus earnings per share estimate of 2.670. The company issued revenue guidance of -. Tempur Sealy International also updated its FY24 guidance to $2.45-$2.65 EPS.

Tempur Sealy International Stock Performance

Shares of NYSE TPX opened at $48.23 on Wednesday. The stock has a market cap of $8.37 billion, a price-to-earnings ratio of 23.88, a P/E/G ratio of 1.59 and a beta of 1.60. The stock’s 50-day moving average is $49.33 and its 200 day moving average is $51.19. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 7.74. Tempur Sealy International has a 1-year low of $36.12 and a 1-year high of $57.13.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.63 EPS for the quarter, hitting the consensus estimate of $0.63. Tempur Sealy International had a net margin of 7.32% and a return on equity of 168.59%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the firm posted $0.58 earnings per share. The business’s revenue was down 2.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Tempur Sealy International will post 2.64 EPS for the current fiscal year.

Tempur Sealy International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Thursday, August 15th. Tempur Sealy International’s dividend payout ratio is presently 25.74%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TPX. Piper Sandler reaffirmed an overweight rating and set a $61.00 price objective on shares of Tempur Sealy International in a research note on Wednesday, July 3rd. Truist Financial reduced their price target 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 reiterated an outperform rating and issued a $55.00 price objective on shares of Tempur Sealy International in a research report on Monday, July 22nd. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of Buy and an average price target of $60.14.

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.