Tempur Sealy International (TPX) Scheduled to Post Earnings on Tuesday

Tempur Sealy International (NYSE:TPX) will be announcing its earnings results before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.48 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01). The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.18 billion. Tempur Sealy International had a return on equity of 239.67% and a net margin of 7.47%. The firm’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.54 EPS. On average, analysts expect Tempur Sealy International to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Tempur Sealy International Trading Down 0.1 %

Shares of NYSE:TPX opened at $50.38 on Friday. The company has a quick ratio of 0.68, a current ratio of 1.21 and a debt-to-equity ratio of 7.81. The company’s 50-day moving average price is $52.91 and its 200 day moving average price is $48.46. The company has a market cap of $8.75 billion, a PE ratio of 24.34, a P/E/G ratio of 1.17 and a beta of 1.58. Tempur Sealy International has a fifty-two week low of $34.98 and a fifty-two week high of $57.13.

Tempur Sealy International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Thursday, February 22nd were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Wednesday, February 21st. This is a boost from Tempur Sealy International’s previous quarterly dividend of $0.11. Tempur Sealy International’s payout ratio is 25.12%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TPX. Loop Capital raised Tempur Sealy International from a “hold” rating to a “buy” rating and increased their price objective for the stock from $50.00 to $75.00 in a report on Monday, March 25th. KeyCorp raised their price target on Tempur Sealy International from $56.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, February 9th. Raymond James upped their price objective on shares of Tempur Sealy International from $45.00 to $58.00 and gave the stock a “strong-buy” rating in a report on Friday, January 19th. Piper Sandler raised shares of Tempur Sealy International from a “neutral” rating to an “overweight” rating and raised their target price for the company from $41.00 to $61.00 in a research note on Thursday, January 18th. Finally, Truist Financial boosted their price target on shares of Tempur Sealy International from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Tempur Sealy International has an average rating of “Buy” and an average price target of $62.71.

About Tempur Sealy International

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.