Tempur Sealy International, Inc. (NYSE:TPX) Plans $0.13 Quarterly Dividend

Tempur Sealy International, Inc. (NYSE:TPX - Get Free Report) declared a quarterly dividend on Tuesday, May 7th, Zacks reports. Investors of record on Thursday, May 16th will be paid a dividend of 0.13 per share on Thursday, May 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Wednesday, May 15th.

Tempur Sealy International has a payout ratio of 16.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Tempur Sealy International to earn $3.25 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 16.0%.

Tempur Sealy International Trading Up 0.1 %

NYSE TPX traded up $0.05 during trading hours on Wednesday, hitting $52.12. 1,658,551 shares of the company were exchanged, compared to its average volume of 1,679,143. The stock has a market cap of $9.05 billion, a PE ratio of 25.18, a price-to-earnings-growth ratio of 1.17 and a beta of 1.58. Tempur Sealy International has a 52 week low of $34.98 and a 52 week high of $57.13. The stock has a 50-day moving average price of $52.81 and a 200 day moving average price of $48.74. The company has a quick ratio of 0.68, a current ratio of 1.21 and a debt-to-equity ratio of 7.81.

Tempur Sealy International (NYSE:TPX - Get Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.02. Tempur Sealy International had a return on equity of 239.67% and a net margin of 7.47%. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period last year, the company earned $0.53 earnings per share. Tempur Sealy International's revenue was down 1.5% on a year-over-year basis. Analysts forecast that Tempur Sealy International will post 2.75 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on TPX shares. Loop Capital raised shares of Tempur Sealy International from a "hold" rating to a "buy" rating and raised their price objective for the stock from $50.00 to $75.00 in a research note on Monday, March 25th. Wedbush restated an "outperform" rating and set a $66.00 price objective on shares of Tempur Sealy International in a report on Wednesday. Piper Sandler raised shares of Tempur Sealy International from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $41.00 to $61.00 in a research note on Thursday, January 18th. Truist Financial upped their target price on shares of Tempur Sealy International from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Friday, April 5th. Finally, KeyCorp lifted their target price on Tempur Sealy International from $56.00 to $60.00 and gave the company an "overweight" rating in a research report on Friday, February 9th. One 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, the stock currently has an average rating of "Buy" and a consensus target price of $62.71.

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.