Tempur Sealy International (NYSE:TPX) Issues FY24 Earnings Guidance

Tempur Sealy International (NYSE:TPX) updated its FY24 earnings guidance on Tuesday. The company provided EPS guidance of $2.60-2.90 for the period, compared to the consensus EPS estimate of $2.74. The company issued revenue guidance of low to mid-single digit yr/yr growth, compared to the consensus revenue estimate of $5.09 billion.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Piper Sandler raised Tempur Sealy International from a neutral rating to an overweight rating and lifted their price target for the stock from $41.00 to $61.00 in a research note on Thursday, January 18th. Loop Capital raised Tempur Sealy International from a hold rating to a buy rating and lifted their price target for the stock from $50.00 to $75.00 in a research note on Monday, March 25th. Wedbush reaffirmed an outperform rating and set a $66.00 price target on shares of Tempur Sealy International in a research note on Wednesday. Truist Financial lifted their price objective on Tempur Sealy International from $60.00 to $65.00 and gave the stock a buy rating in a report on Friday, April 5th. Finally, Raymond James lifted their price objective on Tempur Sealy International from $45.00 to $58.00 and gave the stock a strong-buy rating in a report on Friday, January 19th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Buy and a consensus price target of $62.71.

Tempur Sealy International Stock Performance

Shares of NYSE:TPX traded up $1.81 during midday trading on Thursday, hitting $53.89. The company had a trading volume of 808,801 shares, compared to its average volume of 1,668,609. The company has a debt-to-equity ratio of 7.81, a current ratio of 1.21 and a quick ratio of 0.68. The company has a market cap of $9.36 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 1.17 and a beta of 1.58. Tempur Sealy International has a 12-month low of $34.98 and a 12-month high of $57.13. The company has a fifty day moving average of $52.81 and a two-hundred day moving average of $48.74.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.21 billion. Tempur Sealy International had a return on equity of 239.67% and a net margin of 7.47%. Tempur Sealy International’s revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 EPS. On average, equities research analysts expect that Tempur Sealy International will post 2.75 EPS for the current fiscal year.

Tempur Sealy International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $0.52 dividend on an annualized basis and a yield of 0.96%. Tempur Sealy International’s payout ratio is presently 25.12%.

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.