William Blair Has Bullish Forecast for TPX FY2024 Earnings

Tempur Sealy International, Inc. (NYSE:TPX) – Investment analysts at William Blair raised their FY2024 earnings estimates for Tempur Sealy International in a research note issued on Thursday, November 7th. William Blair analyst P. Blee now anticipates that the company will post earnings of $2.52 per share for the year, up from their previous estimate of $2.50. The consensus estimate for Tempur Sealy International’s current full-year earnings is $2.51 per share. William Blair also issued estimates for Tempur Sealy International’s Q4 2024 earnings at $0.57 EPS.

Other research analysts have also recently issued reports about the stock. Wedbush upped their price objective on shares of Tempur Sealy International from $49.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday. Raymond James decreased their price target on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a report on Friday, November 1st. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Tempur Sealy International has an average rating of “Buy” and a consensus price target of $60.67.

Tempur Sealy International Price Performance

Shares of NYSE TPX opened at $54.42 on Monday. The firm has a market capitalization of $9.45 billion, a P/E ratio of 24.85, a P/E/G ratio of 2.34 and a beta of 1.60. The company has a quick ratio of 0.68, a current ratio of 1.14 and a debt-to-equity ratio of 3.95. The stock’s 50-day simple moving average is $51.18 and its two-hundred day simple moving average is $50.55. Tempur Sealy International has a twelve month low of $36.12 and a twelve month high of $57.13.

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

Tempur Sealy International Dividend Announcement

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

Institutional Trading of Tempur Sealy International

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Tempur Sealy International by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 16,068,006 shares of the company’s stock worth $912,984,000 after acquiring an additional 143,719 shares during the last quarter. Darsana Capital Partners LP grew its holdings in Tempur Sealy International by 40.0% in the 2nd quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the company’s stock worth $331,380,000 after acquiring an additional 2,000,000 shares during the last quarter. Linonia Partnership LP raised its stake in shares of Tempur Sealy International by 17.1% during the second quarter. Linonia Partnership LP now owns 3,749,434 shares of the company’s stock valued at $177,498,000 after acquiring an additional 548,004 shares during the last quarter. Eminence Capital LP boosted its holdings in shares of Tempur Sealy International by 61.6% during the second quarter. Eminence Capital LP now owns 2,249,222 shares of the company’s stock worth $106,478,000 after purchasing an additional 857,478 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Tempur Sealy International by 12.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,082,140 shares of the company’s stock worth $98,559,000 after purchasing an additional 224,955 shares during the last quarter. 99.86% of the stock is owned by institutional investors.

Tempur Sealy International Company Profile

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.