Wedbush Weighs in on Tempur Sealy International, Inc.’s Q1 2022 Earnings (NYSE:TPX)

Tempur Sealy International, Inc. (NYSE:TPXGet Rating) – Stock analysts at Wedbush cut their Q1 2022 earnings estimates for Tempur Sealy International in a research note issued to investors on Friday, April 22nd. Wedbush analyst S. Basham now anticipates that the company will post earnings of $0.59 per share for the quarter, down from their prior estimate of $0.63. Wedbush has a “Outperform” rating and a $40.00 price target on the stock. Wedbush also issued estimates for Tempur Sealy International’s Q2 2022 earnings at $0.78 EPS, Q3 2022 earnings at $0.95 EPS, Q4 2022 earnings at $0.98 EPS, FY2022 earnings at $3.30 EPS, FY2023 earnings at $3.81 EPS and FY2024 earnings at $4.18 EPS.

Other analysts have also issued reports about the company. StockNews.com initiated coverage on Tempur Sealy International in a report on Thursday, March 31st. They set a “hold” rating on the stock. Piper Sandler dropped their price objective on Tempur Sealy International from $40.00 to $34.00 and set an “overweight” rating for the company in a research report on Friday, April 1st. Zacks Investment Research downgraded Tempur Sealy International from a “hold” rating to a “sell” rating in a research report on Saturday, April 9th. Truist Financial dropped their price objective on Tempur Sealy International from $45.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday, March 30th. Finally, Loop Capital dropped their price objective on Tempur Sealy International from $35.00 to $28.00 in a research report on Tuesday, April 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Tempur Sealy International currently has a consensus rating of “Buy” and an average price target of $38.86.

TPX opened at $27.82 on Monday. The firm has a market cap of $4.98 billion, a P/E ratio of 9.09, a price-to-earnings-growth ratio of 0.55 and a beta of 1.82. Tempur Sealy International has a 52-week low of $26.90 and a 52-week high of $50.51. The company has a debt-to-equity ratio of 7.97, a quick ratio of 0.77 and a current ratio of 1.21. The business’s fifty day moving average is $31.31 and its 200-day moving average is $39.59.

Tempur Sealy International (NYSE:TPXGet Rating) last released its earnings results on Tuesday, February 22nd. The company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.08). The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.45 billion. Tempur Sealy International had a return on equity of 190.50% and a net margin of 12.66%. The business’s revenue for the quarter was up 28.6% compared to the same quarter last year. During the same period last year, the company posted $0.67 earnings per share.

Several institutional investors and hedge funds have recently modified their holdings of TPX. Hanseatic Management Services Inc. bought a new position in shares of Tempur Sealy International during the fourth quarter worth about $27,000. Sageworth Trust Co of South Dakota bought a new position in shares of Tempur Sealy International during the fourth quarter worth about $36,000. Fieldpoint Private Securities LLC raised its position in shares of Tempur Sealy International by 192.9% during the fourth quarter. Fieldpoint Private Securities LLC now owns 820 shares of the company’s stock worth $39,000 after acquiring an additional 540 shares during the last quarter. PSI Advisors LLC bought a new position in shares of Tempur Sealy International during the third quarter worth about $46,000. Finally, Atticus Wealth Management LLC bought a new position in shares of Tempur Sealy International during the third quarter worth about $49,000. Institutional investors own 93.18% of the company’s stock.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 22nd. Shareholders of record on Tuesday, March 8th were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, March 7th. This is an increase from Tempur Sealy International’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a yield of 1.44%. Tempur Sealy International’s dividend payout ratio (DPR) is currently 13.07%.

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.

See Also

Earnings History and Estimates for Tempur Sealy International (NYSE:TPX)

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