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

Tempur Sealy International, Inc. (NYSE:TPX) announced a quarterly dividend on Tuesday, August 6th, Zacks reports. Investors of record on Thursday, August 15th will be paid a dividend of 0.13 per share on Thursday, August 29th. This represents a $0.52 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Thursday, August 15th.

Tempur Sealy International has a payout ratio of 16.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Tempur Sealy International to earn $3.13 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 16.6%.

Tempur Sealy International Trading Up 1.2 %

Shares of NYSE TPX traded up $0.60 during mid-day trading on Wednesday, reaching $48.83. 128,103 shares of the company’s stock were exchanged, compared to its average volume of 1,700,028. The company’s 50-day moving average is $49.33 and its 200-day moving average is $51.19. Tempur Sealy International has a 52-week low of $36.12 and a 52-week high of $57.13. The firm has a market capitalization of $8.48 billion, a price-to-earnings ratio of 23.88, a PEG ratio of 1.59 and a beta of 1.60. The company has a debt-to-equity ratio of 7.74, a quick ratio of 0.70 and a current ratio of 1.21.

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

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Truist Financial cut 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. Wedbush reiterated an “outperform” rating and issued a $55.00 target price on shares of Tempur Sealy International in a research note on Monday, July 22nd. Finally, Piper Sandler restated an “overweight” rating and issued a $61.00 price target on shares of Tempur Sealy International in a research note on Wednesday, July 3rd. One 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, Tempur Sealy International has an average rating of “Buy” and an average target price 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.