Tempur Sealy International, Inc. Plans Quarterly Dividend of $0.13 (NYSE:TPX)

Tempur Sealy International, Inc. (NYSE:TPX) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Thursday, November 21st will be paid a dividend of 0.13 per share on Thursday, December 5th. This represents a $0.52 annualized dividend and a yield of 0.96%. The ex-dividend date is Thursday, November 21st.

Tempur Sealy International has a payout ratio of 16.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Tempur Sealy International to earn $2.91 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 17.9%.

Tempur Sealy International Stock Up 8.3 %

Shares of NYSE TPX opened at $53.99 on Friday. The stock has a market capitalization of $9.38 billion, a P/E ratio of 25.71, a PEG ratio of 2.14 and a beta of 1.60. The stock’s fifty day moving average is $51.14 and its 200 day moving average is $50.51. Tempur Sealy International has a 52 week low of $36.12 and a 52 week high of $57.13. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.68 and a current ratio of 1.21.

Tempur Sealy International (NYSE:TPX) last released its earnings results on Tuesday, August 6th. The company reported $0.63 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 the consensus estimate of $1.28 billion. During the same period in the prior year, the business earned $0.58 earnings per share. Tempur Sealy International’s quarterly revenue was down 2.8% compared to the same quarter last year. Sell-side analysts forecast that Tempur Sealy International will post 2.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on TPX shares. Raymond James lowered their price objective on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a research report on Friday, November 1st. 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 investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $60.17.

About Tempur Sealy International

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.