Tempur Sealy International, Inc. (NYSE:TPX) Expected to Post Q3 2022 Earnings of $1.03 Per Share

Tempur Sealy International, Inc. (NYSE:TPX – Get Rating) – Analysts at William Blair lowered their Q3 2022 earnings per share (EPS) estimates for shares of Tempur Sealy International in a research report issued to clients and investors on Thursday, April 21st. William Blair analyst D. Hofkin now anticipates that the company will post earnings of $1.03 per share for the quarter, down from their prior forecast of $1.08. William Blair also issued estimates for Tempur Sealy International’s Q4 2022 earnings at $0.99 EPS, FY2022 earnings at $3.45 EPS and FY2023 earnings at $3.80 EPS.

A number of other research firms also recently commented on TPX. StockNews.com began coverage on shares of Tempur Sealy International in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Piper Sandler dropped their target price on shares of Tempur Sealy International from $40.00 to $34.00 and set an “overweight” rating on the stock in a research report on Friday, April 1st. Raymond James dropped their target price on shares of Tempur Sealy International from $45.00 to $38.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, April 6th. Loop Capital lowered their price objective on shares of Tempur Sealy International from $35.00 to $28.00 in a research report on Tuesday, April 12th. Finally, Zacks Investment Research downgraded shares of Tempur Sealy International from a “hold” rating to a “sell” rating in a research report on Saturday, April 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $38.86.

NYSE TPX opened at $28.56 on Friday. The company has a debt-to-equity ratio of 7.97, a current ratio of 1.21 and a quick ratio of 0.77. The firm’s fifty day moving average price is $31.78 and its 200 day moving average price is $39.80. The company has a market capitalization of $5.11 billion, a price-to-earnings ratio of 9.33, a price-to-earnings-growth ratio of 0.55 and a beta of 1.82. Tempur Sealy International has a 12 month low of $26.90 and a 12 month high of $50.51.

Tempur Sealy International (NYSE:TPX – Get Rating) last announced its quarterly earnings data on Tuesday, February 22nd. The company reported $0.88 EPS for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.08). The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Tempur Sealy International had a net margin of 12.66% and a return on equity of 190.50%. The company’s revenue for the quarter was up 28.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.67 earnings per share.

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 22nd. Investors of record on Tuesday, March 8th were given a dividend of $0.10 per share. This is a positive change from Tempur Sealy International’s previous quarterly dividend of $0.09. The ex-dividend date was Monday, March 7th. This represents a $0.40 annualized dividend and a yield of 1.40%. Tempur Sealy International’s dividend payout ratio is 13.07%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC boosted its stake in shares of Tempur Sealy International by 15.1% in the first quarter. FMR LLC now owns 917,900 shares of the company’s stock valued at $52,935,000 after purchasing an additional 120,656 shares during the period. First Trust Advisors LP boosted its stake in shares of Tempur Sealy International by 25.4% in the first quarter. First Trust Advisors LP now owns 10,198 shares of the company’s stock valued at $588,000 after purchasing an additional 2,065 shares during the period. Amundi Pioneer Asset Management Inc. boosted its stake in shares of Tempur Sealy International by 1,581.2% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 134,544 shares of the company’s stock valued at $7,760,000 after purchasing an additional 126,541 shares during the period. Morgan Stanley boosted its stake in Tempur Sealy International by 6.2% during the 2nd quarter. Morgan Stanley now owns 1,831,767 shares of the company’s stock valued at $71,788,000 after acquiring an additional 107,381 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in Tempur Sealy International by 38.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 7,891 shares of the company’s stock valued at $366,000 after acquiring an additional 2,182 shares during the last quarter. Institutional investors own 93.18% of the company’s stock.

About Tempur Sealy International (Get Rating)

Tempur Sealy International, Inc, together with its subsidiaries, designs, manufactures, markets, and distributes 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, Tempur-Pedic, Sealy, and Stearns & Foster brands.

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