Tempur Sealy International, Inc., together with its subsidiaries, designs, manufactures, markets, and distributes 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, Tempur-Pedic, Sealy, and Stearns & Foster brands. The company sells its products through approximately 650 company-owned stores, e-commerce, and call centers; and third party retailers, including third party distribution, hospitality, and healthcare, as well as offers Cocoon by Sealy branded products through online. It also operates a portfolio of retail brands, including Tempur-Pedic retail stores, Sleep Outfitters, Sleep Solutions Outlet, SOVA, and other retail brands. In addition, the company is involved in licensing its Sealy, Tempur, and Stearns & Foster brands, technology, and trademarks to other manufacturers. Tempur Sealy International, Inc. was founded in 1846 and is based in Lexington, Kentucky.
Tempur Sealy International Price Performance
TPX traded up $0.80 during trading on Tuesday, reaching $29.73. The stock had a trading volume of 1,486,124 shares, compared to its average volume of 2,852,900. The stock has a 50 day moving average of $24.19 and a two-hundred day moving average of $28.36. The company has a quick ratio of 0.65, a current ratio of 1.23 and a debt-to-equity ratio of 7.97. The firm has a market capitalization of $5.12 billion, a price-to-earnings ratio of 10.08, a price-to-earnings-growth ratio of 1.01 and a beta of 1.83. Tempur Sealy International has a 1-year low of $20.03 and a 1-year high of $50.51.
Tempur Sealy International (NYSE:TPX - Get Rating) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.01). The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.26 billion. Tempur Sealy International had a net margin of 11.12% and a return on equity of 659.10%. The company's quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.79 EPS. As a group, equities analysts anticipate that Tempur Sealy International will post 2.7 EPS for the current fiscal year.
Tempur Sealy International Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 25th. Investors of record on Thursday, August 11th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, August 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.35%. Tempur Sealy International's payout ratio is currently 13.56%.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on TPX shares. The Goldman Sachs Group started coverage on Tempur Sealy International in a research report on Thursday, August 11th. They set a "buy" rating and a $34.00 price target on the stock. Piper Sandler downgraded shares of Tempur Sealy International from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $36.00 to $28.00 in a report on Wednesday, June 1st. TheStreet cut shares of Tempur Sealy International from a "b" rating to a "c+" rating in a report on Thursday, April 28th. KeyCorp reduced their target price on shares of Tempur Sealy International from $38.00 to $35.00 and set an "overweight" rating for the company in a research note on Thursday, July 28th. Finally, UBS Group dropped their price target on shares of Tempur Sealy International from $45.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, July 20th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $34.38.