Tempur Sealy International (NYSE:TPX) Issues FY 2022 Earnings Guidance

Tempur Sealy International (NYSE:TPXGet Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $3.20-$3.40 for the period, compared to the consensus estimate of $3.36. The company issued revenue guidance of $5.42B-, compared to the consensus revenue estimate of $5.43 billion.

Shares of TPX traded down $0.02 during midday trading on Tuesday, hitting $26.65. 20,885 shares of the company’s stock traded hands, compared to its average volume of 3,227,439. Tempur Sealy International has a 1 year low of $25.56 and a 1 year high of $50.51. The firm’s fifty day moving average is $29.73 and its 200-day moving average is $38.18. The company has a current ratio of 1.11, a quick ratio of 0.58 and a debt-to-equity ratio of 7.97. The stock has a market capitalization of $4.77 billion, a price-to-earnings ratio of 8.52, a price-to-earnings-growth ratio of 0.57 and a beta of 1.72.

Tempur Sealy International (NYSE:TPXGet Rating) last issued its quarterly earnings data on Thursday, April 28th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.60 by $0.09. Tempur Sealy International had a return on equity of 272.95% and a net margin of 12.19%. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the business posted $0.64 EPS. The business’s revenue for the quarter was up 18.7% compared to the same quarter last year. On average, equities research analysts anticipate that Tempur Sealy International will post 3.27 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 26th. Stockholders of record on Thursday, May 12th will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, May 11th. This represents a $0.40 annualized dividend and a dividend yield of 1.50%. Tempur Sealy International’s dividend payout ratio is presently 12.78%.

TPX has been the subject of several analyst reports. Truist Financial decreased their price objective on Tempur Sealy International from $45.00 to $37.00 and set a buy rating for the company in a report on Wednesday, March 30th. TheStreet lowered Tempur Sealy International from a b rating to a c+ rating in a research note on Thursday, April 28th. KeyCorp reduced their target price on Tempur Sealy International from $46.00 to $42.00 and set an overweight rating for the company in a research note on Friday, April 1st. Loop Capital reduced their target price on Tempur Sealy International from $35.00 to $28.00 in a research note on Tuesday, April 12th. Finally, StockNews.com assumed coverage on Tempur Sealy International in a research note on Thursday, March 31st. They issued a hold rating for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Tempur Sealy International has an average rating of Buy and an average target price of $38.86.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. LPL Financial LLC grew its position in shares of Tempur Sealy International by 1.3% during the 4th quarter. LPL Financial LLC now owns 40,484 shares of the company’s stock valued at $1,904,000 after acquiring an additional 533 shares during the period. JustInvest LLC grew its position in shares of Tempur Sealy International by 23.7% during the 4th quarter. JustInvest LLC now owns 11,760 shares of the company’s stock valued at $553,000 after acquiring an additional 2,252 shares during the period. Advisors Asset Management Inc. grew its position in shares of Tempur Sealy International by 104.1% during the 4th quarter. Advisors Asset Management Inc. now owns 5,769 shares of the company’s stock valued at $271,000 after acquiring an additional 2,943 shares during the period. Legal & General Group Plc grew its position in shares of Tempur Sealy International by 1.0% during the 4th quarter. Legal & General Group Plc now owns 382,333 shares of the company’s stock valued at $17,981,000 after acquiring an additional 3,600 shares during the period. Finally, Comerica Bank grew its position in shares of Tempur Sealy International by 8.4% during the 4th quarter. Comerica Bank now owns 124,573 shares of the company’s stock valued at $4,960,000 after acquiring an additional 9,671 shares during the period. 93.81% of the stock is currently owned by institutional investors.

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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