Tempur Sealy International (TPX) Set to Announce Earnings on Tuesday

Tempur Sealy International (NYSE:TPX) is set to post its quarterly earnings results before the market opens on Tuesday, May 7th. Analysts expect Tempur Sealy International to post earnings of $0.48 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Tempur Sealy International (NYSE:TPX) last released its earnings results on Thursday, February 8th. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01). The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.18 billion. Tempur Sealy International had a net margin of 7.47% and a return on equity of 239.67%. Tempur Sealy International’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 EPS. 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 Price Performance

Shares of Tempur Sealy International stock opened at $50.38 on Monday. The firm has a market cap of $8.75 billion, a PE ratio of 24.34, a price-to-earnings-growth ratio of 1.17 and a beta of 1.58. Tempur Sealy International has a 12-month low of $34.98 and a 12-month high of $57.13. The company has a quick ratio of 0.68, a current ratio of 1.21 and a debt-to-equity ratio of 7.81. The company’s fifty day simple moving average is $52.91 and its two-hundred day simple moving average is $48.50.

Tempur Sealy International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Thursday, February 22nd were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date was Wednesday, February 21st. This is a positive change from Tempur Sealy International’s previous quarterly dividend of $0.11. Tempur Sealy International’s dividend payout ratio (DPR) is 25.12%.

Analysts Set New Price Targets

TPX has been the topic of a number of recent analyst reports. Piper Sandler raised shares of Tempur Sealy International from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $41.00 to $61.00 in a report on Thursday, January 18th. Raymond James raised their price target on shares of Tempur Sealy International from $45.00 to $58.00 and gave the stock a “strong-buy” rating in a report on Friday, January 19th. Loop Capital raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating and raised their target price for the stock from $50.00 to $75.00 in a research report on Monday, March 25th. Truist Financial raised their target price on shares of Tempur Sealy International from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Finally, KeyCorp raised their target price on shares of Tempur Sealy International from $56.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $62.71.

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.