Brokers Issue Forecasts for Tempur Sealy International, Inc.’s FY2024 Earnings (NYSE:TPX)

Tempur Sealy International, Inc. (NYSE:TPX) – William Blair dropped their FY2024 earnings per share (EPS) estimates for Tempur Sealy International in a research report issued to clients and investors on Tuesday, July 30th. William Blair analyst P. Blee now expects that the company will post earnings per share of $2.60 for the year, down from their previous estimate of $2.68. The consensus estimate for Tempur Sealy International’s current full-year earnings is $2.64 per share. William Blair also issued estimates for Tempur Sealy International’s Q4 2024 earnings at $0.60 EPS and FY2025 earnings at $3.10 EPS.

TPX has been the topic of several other reports. Wedbush restated an “outperform” rating and set a $55.00 target price on shares of Tempur Sealy International in a report on Monday, July 22nd. Piper Sandler restated an “overweight” rating and set a $61.00 target price on shares of Tempur Sealy International in a report on Wednesday, July 3rd. Finally, Truist Financial lowered their price target on Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $60.14.

Tempur Sealy International Price Performance

NYSE TPX opened at $49.00 on Thursday. Tempur Sealy International has a fifty-two week low of $36.12 and a fifty-two week high of $57.13. The stock’s 50-day moving average is $49.38 and its two-hundred day moving average is $51.20. The company has a debt-to-equity ratio of 7.74, a current ratio of 1.21 and a quick ratio of 0.70. The firm has a market cap of $8.51 billion, a P/E ratio of 24.26, a price-to-earnings-growth ratio of 1.70 and a beta of 1.60.

Tempur Sealy International (NYSE:TPX) last posted its earnings results on Tuesday, May 7th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. Tempur Sealy International had a return on equity of 168.59% and a net margin of 7.32%. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period last year, the company earned $0.53 earnings per share. The business’s revenue was down 1.5% compared to the same quarter last year.

Tempur Sealy International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.06%. The ex-dividend date was Wednesday, May 15th. Tempur Sealy International’s dividend payout ratio is currently 25.74%.

Institutional Investors Weigh In On Tempur Sealy International

Institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new stake in Tempur Sealy International during the first quarter worth about $26,000. Rise Advisors LLC acquired a new stake in Tempur Sealy International during the first quarter worth about $27,000. Principal Securities Inc. acquired a new stake in Tempur Sealy International during the fourth quarter worth about $40,000. Signaturefd LLC grew its position in Tempur Sealy International by 35.1% during the second quarter. Signaturefd LLC now owns 981 shares of the company’s stock worth $46,000 after buying an additional 255 shares in the last quarter. Finally, Gilliland Jeter Wealth Management LLC bought a new position in Tempur Sealy International during the second quarter worth about $56,000. 99.86% of the stock is owned by institutional investors and hedge funds.

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.