Tempur Sealy International (TPX) Set to Announce Quarterly Earnings on Tuesday

Tempur Sealy International (NYSE:TPX - Get Free Report) is scheduled to be releasing its earnings data before the market opens on Tuesday, May 7th. Analysts expect Tempur Sealy International to post earnings of $0.48 per share for the quarter. Persons interested in registering for the company's earnings conference call can do so using this link.

Tempur Sealy International (NYSE:TPX - Get Free Report) last issued its earnings results on Thursday, February 8th. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.01). Tempur Sealy International had a return on equity of 239.67% and a net margin of 7.47%. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the firm earned $0.54 earnings per share. The business's revenue was down 1.4% compared to the same quarter last year. On average, analysts expect Tempur Sealy International to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Tempur Sealy International Trading Down 1.8 %

Shares of NYSE:TPX traded down $0.92 during midday trading on Tuesday, reaching $50.06. The company had a trading volume of 2,294,650 shares, compared to its average volume of 1,661,297. The company has a fifty day simple moving average of $52.95 and a two-hundred day simple moving average of $48.30. The firm has a market cap of $8.69 billion, a price-to-earnings ratio of 24.18, a price-to-earnings-growth ratio of 1.15 and a beta of 1.56. Tempur Sealy International has a 1-year low of $34.98 and a 1-year high of $57.13. The company has a debt-to-equity ratio of 7.81, a quick ratio of 0.68 and a current ratio of 1.21.

Tempur Sealy International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Thursday, February 22nd were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.04%. This is a boost from Tempur Sealy International's previous quarterly dividend of $0.11. The ex-dividend date was Wednesday, February 21st. Tempur Sealy International's dividend payout ratio (DPR) is presently 25.12%.

Wall Street Analysts Forecast Growth

TPX has been the subject of several research analyst reports. Piper Sandler raised shares of Tempur Sealy International from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $41.00 to $61.00 in a research note on Thursday, January 18th. KeyCorp increased their price objective on Tempur Sealy International from $56.00 to $60.00 and gave the stock an "overweight" rating in a research note on Friday, February 9th. Loop Capital upgraded Tempur Sealy International from a "hold" rating to a "buy" rating and upped their target price for the company from $50.00 to $75.00 in a report on Monday, March 25th. Truist Financial increased their price target on shares of Tempur Sealy International from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Friday, April 5th. Finally, Wedbush reaffirmed an "outperform" rating and set a $66.00 price objective on shares of Tempur Sealy International in a research report on Tuesday. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $62.71.

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.