Equities Analysts Set Expectations for TPX FY2024 Earnings

Tempur Sealy International, Inc. (NYSE:TPX) – Analysts at Wedbush reduced their FY2024 EPS estimates for shares of Tempur Sealy International in a research note issued to investors on Friday, November 8th. Wedbush analyst S. Basham now anticipates that the company will earn $2.48 per share for the year, down from their prior forecast of $2.53. Wedbush has a “Neutral” rating and a $55.00 price objective on the stock. The consensus estimate for Tempur Sealy International’s current full-year earnings is $2.51 per share. Wedbush also issued estimates for Tempur Sealy International’s Q4 2024 earnings at $0.53 EPS, Q1 2025 earnings at $0.55 EPS, Q2 2025 earnings at $0.69 EPS, Q3 2025 earnings at $0.88 EPS, Q4 2025 earnings at $0.58 EPS, FY2025 earnings at $2.70 EPS and FY2026 earnings at $2.88 EPS.

Separately, Raymond James dropped their target price on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a research report on Friday, November 1st. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $60.67.

Tempur Sealy International Stock Up 0.8 %

Shares of NYSE:TPX opened at $54.42 on Monday. The firm has a market cap of $9.45 billion, a PE ratio of 24.85, a price-to-earnings-growth ratio of 2.34 and a beta of 1.60. The company has a fifty day simple moving average of $51.18 and a 200 day simple moving average of $50.55. The company has a current ratio of 1.14, a quick ratio of 0.68 and a debt-to-equity ratio of 3.95. Tempur Sealy International has a 12-month low of $36.12 and a 12-month high of $57.13.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the firm earned $0.77 EPS. Tempur Sealy International’s quarterly revenue was up 1.8% on a year-over-year basis.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of TPX. Allspring Global Investments Holdings LLC bought a new position in Tempur Sealy International in the first quarter worth about $26,000. UMB Bank n.a. boosted its position in Tempur Sealy International by 750.9% during the 3rd quarter. UMB Bank n.a. now owns 468 shares of the company’s stock valued at $26,000 after purchasing an additional 413 shares during the period. Signaturefd LLC boosted its position in Tempur Sealy International by 35.1% during the 2nd quarter. Signaturefd LLC now owns 981 shares of the company’s stock valued at $46,000 after purchasing an additional 255 shares during the period. Gilliland Jeter Wealth Management LLC bought a new position in Tempur Sealy International during the 2nd quarter worth $56,000. Finally, J.Safra Asset Management Corp increased its position in Tempur Sealy International by 80.0% in the first quarter. J.Safra Asset Management Corp now owns 1,028 shares of the company’s stock worth $58,000 after buying an additional 457 shares during the period. 99.86% of the stock is owned by institutional investors and hedge funds.

Tempur Sealy International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.13 per share. The ex-dividend date is Thursday, November 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.96%. Tempur Sealy International’s dividend payout ratio (DPR) is 23.74%.

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.