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.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on TPX. Piper Sandler lowered Tempur Sealy International from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $36.00 to $28.00 in a report on Wednesday, June 1st. KeyCorp lowered their price objective on Tempur Sealy International from $38.00 to $35.00 and set an "overweight" rating on the stock in a report on Thursday, July 28th. UBS Group lowered their price objective on Tempur Sealy International from $45.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, July 20th. The Goldman Sachs Group began coverage on Tempur Sealy International in a report on Thursday, August 11th. They set a "buy" rating and a $34.00 price objective on the stock. Finally, TheStreet lowered Tempur Sealy International from a "b" rating to a "c+" rating in a report on Thursday, April 28th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $34.38.
Tempur Sealy International Stock Performance
NYSE:TPX traded down $0.89 during mid-day trading on Wednesday, hitting $28.84. 2,054,854 shares of the company's stock traded hands, compared to its average volume of 2,847,893. The firm has a 50 day moving average of $24.19 and a two-hundred day moving average of $28.36. Tempur Sealy International has a 12 month low of $20.03 and a 12 month high of $50.51. The firm has a market capitalization of $4.97 billion, a price-to-earnings ratio of 10.08, a price-to-earnings-growth ratio of 1.01 and a beta of 1.83. The company has a current ratio of 1.23, a quick ratio of 0.65 and a debt-to-equity ratio of 7.97.
Tempur Sealy International (NYSE:TPX - Get Rating) last announced its earnings results 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). Tempur Sealy International had a net margin of 11.12% and a return on equity of 659.10%. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the company earned $0.79 EPS. Tempur Sealy International's revenue for the quarter was up 3.6% compared to the same quarter last year. On average, equities analysts forecast that Tempur Sealy International will post 2.7 earnings per share for the current fiscal year.
Tempur Sealy International Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 25th. Shareholders of record on Thursday, August 11th will be given 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 1.39%. Tempur Sealy International's dividend payout ratio is currently 13.56%.