Tempur Sealy International (NYSE:TPX – Get Free Report) announced its earnings results on Tuesday. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02, Briefing.com reports. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 EPS. Tempur Sealy International updated its FY24 guidance to $2.60-2.90 EPS.
Tempur Sealy International Price Performance
Shares of TPX stock traded down $0.60 during trading hours on Wednesday, reaching $51.47. 451,944 shares of the company were exchanged, compared to its average volume of 1,665,297. Tempur Sealy International has a fifty-two week low of $34.98 and a fifty-two week high of $57.13. The stock’s fifty day moving average is $52.83 and its two-hundred day moving average is $48.71. The company has a market cap of $8.94 billion, a price-to-earnings ratio of 24.80, a P/E/G ratio of 1.17 and a beta of 1.58. The company has a debt-to-equity ratio of 7.81, a current ratio of 1.21 and a quick ratio of 0.68.
Tempur Sealy International Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.13 per share. The ex-dividend date is Wednesday, May 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.01%. Tempur Sealy International’s payout ratio is 25.12%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on Tempur Sealy International
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.
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