Wedbush Weighs in on Tempur Sealy International, Inc.’s Q3 2022 Earnings (NYSE:TPX)

Tempur Sealy International, Inc. (NYSE:TPX – Get Rating) – Equities researchers at Wedbush decreased their Q3 2022 EPS estimates for shares of Tempur Sealy International in a research report issued to clients and investors on Thursday, July 28th. Wedbush analyst S. Basham now anticipates that the company will post earnings of $0.80 per share for the quarter, down from their previous estimate of $0.96. The consensus estimate for Tempur Sealy International’s current full-year earnings is $2.98 per share. Wedbush also issued estimates for Tempur Sealy International’s Q1 2023 earnings at $0.72 EPS, Q2 2023 earnings at $0.66 EPS and Q3 2023 earnings at $1.00 EPS.

Several other equities research analysts have also commented on the stock. TheStreet lowered shares of Tempur Sealy International from a “b” rating to a “c+” rating in a report on Thursday, April 28th. Loop Capital cut their price objective on shares of Tempur Sealy International from $35.00 to $28.00 in a research report on Tuesday, April 12th. KeyCorp cut their price objective on shares of Tempur Sealy International from $38.00 to $35.00 and set an “overweight” rating on the stock in a research report on Thursday. UBS Group cut their price objective on shares of Tempur Sealy International from $45.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, July 20th. Finally, Raymond James cut their price objective 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. Two analysts have rated the stock with 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, Tempur Sealy International presently has a consensus rating of “Moderate Buy” and an average target price of $34.43.

Tempur Sealy International Trading Up 2.9 %

NYSE:TPX opened at $27.48 on Friday. Tempur Sealy International has a one year low of $20.03 and a one year high of $50.51. The company has a debt-to-equity ratio of 7.97, a quick ratio of 0.58 and a current ratio of 1.11. The firm has a market cap of $4.82 billion, a P/E ratio of 8.78, a P/E/G ratio of 0.70 and a beta of 1.76. The firm has a 50-day simple moving average of $23.55 and a 200-day simple moving average of $29.48.

Tempur Sealy International (NYSE:TPX – Get Rating) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.01). Tempur Sealy International had a net margin of 12.19% and a return on equity of 272.95%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the firm posted $0.79 EPS. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year.

Institutional Trading of Tempur Sealy International

Large investors have recently bought and sold shares of the stock. Dupont Capital Management Corp grew its position in Tempur Sealy International by 167.4% during the 1st quarter. Dupont Capital Management Corp now owns 18,622 shares of the company’s stock worth $520,000 after purchasing an additional 11,658 shares during the last quarter. Natixis Advisors L.P. lifted its stake in Tempur Sealy International by 14.8% during the 4th quarter. Natixis Advisors L.P. now owns 42,933 shares of the company’s stock valued at $2,019,000 after acquiring an additional 5,547 shares during the period. Walleye Capital LLC acquired a new stake in Tempur Sealy International during the 4th quarter valued at approximately $1,043,000. Alliancebernstein L.P. lifted its stake in Tempur Sealy International by 20.2% during the 4th quarter. Alliancebernstein L.P. now owns 3,260,894 shares of the company’s stock valued at $153,360,000 after acquiring an additional 549,106 shares during the period. Finally, Ceredex Value Advisors LLC lifted its stake in Tempur Sealy International by 18.3% during the 1st quarter. Ceredex Value Advisors LLC now owns 382,576 shares of the company’s stock valued at $10,681,000 after acquiring an additional 59,100 shares during the period. Hedge funds and other institutional investors own 93.81% of the company’s stock.

Tempur Sealy International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 25th. Shareholders of record on Thursday, August 11th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Wednesday, August 10th. Tempur Sealy International’s dividend payout ratio is presently 12.78%.

About Tempur Sealy International

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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.