Tempur Sealy International, Inc. (NYSE:TPX) Expected to Earn Q2 2024 Earnings of $0.63 Per Share

Tempur Sealy International, Inc. (NYSE:TPX) – Research analysts at William Blair decreased their Q2 2024 EPS estimates for Tempur Sealy International in a research report issued on Tuesday, May 7th. William Blair analyst P. Blee now expects that the company will earn $0.63 per share for the quarter, down from their previous estimate of $0.65. The consensus estimate for Tempur Sealy International’s current full-year earnings is $2.75 per share. William Blair also issued estimates for Tempur Sealy International’s Q4 2024 earnings at $0.66 EPS and FY2025 earnings at $3.15 EPS.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. Tempur Sealy International had a return on equity of 239.67% and a net margin of 7.47%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the previous year, the company posted $0.53 EPS. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year.

A number of other research analysts have also commented on TPX. KeyCorp increased their price objective on Tempur Sealy International from $56.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, February 9th. Loop Capital raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating and raised their target price for the company from $50.00 to $75.00 in a research note on Monday, March 25th. Truist Financial boosted their price target on shares of Tempur Sealy International from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Wedbush reiterated an “outperform” rating and set a $66.00 target price on shares of Tempur Sealy International in a research report on Wednesday. Finally, Piper Sandler raised Tempur Sealy International from a “neutral” rating to an “overweight” rating and increased their target price for the company from $41.00 to $61.00 in a research note on Thursday, January 18th. One 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 stock. According to MarketBeat, Tempur Sealy International presently has a consensus rating of “Buy” and a consensus price target of $62.71.

Tempur Sealy International Price Performance

Shares of TPX stock opened at $52.12 on Thursday. The company has a current ratio of 1.21, a quick ratio of 0.68 and a debt-to-equity ratio of 7.81. The firm has a market capitalization of $9.05 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 1.17 and a beta of 1.58. The firm’s 50 day moving average is $52.81 and its 200-day moving average is $48.74. Tempur Sealy International has a 1 year low of $34.98 and a 1 year high of $57.13.

Tempur Sealy International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Wednesday, May 15th. Tempur Sealy International’s dividend payout ratio is currently 25.12%.

Hedge Funds Weigh In On Tempur Sealy International

Several institutional investors and hedge funds have recently modified their holdings of TPX. Lone Pine Capital LLC acquired a new position in shares of Tempur Sealy International in the third quarter valued at approximately $206,809,000. Linonia Partnership LP bought a new position in Tempur Sealy International during the 4th quarter worth about $121,445,000. Norges Bank acquired a new stake in shares of Tempur Sealy International in the 4th quarter valued at about $121,329,000. Browning West LP lifted its holdings in shares of Tempur Sealy International by 7.0% in the fourth quarter. Browning West LP now owns 12,611,189 shares of the company’s stock valued at $642,792,000 after purchasing an additional 820,200 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Tempur Sealy International by 90.3% in the third quarter. Invesco Ltd. now owns 1,709,887 shares of the company’s stock valued at $74,107,000 after purchasing an additional 811,459 shares in the last quarter. 99.86% of the stock is currently owned by institutional investors and hedge funds.

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.