Research Analysts Offer Predictions for TPX FY2024 Earnings

Tempur Sealy International, Inc. (NYSE:TPX) – William Blair lifted their FY2024 EPS estimates for Tempur Sealy International in a research note issued to investors on Thursday, November 7th. William Blair analyst P. Blee now forecasts that the company will post earnings per share of $2.52 for the year, up from their prior forecast of $2.50. The consensus estimate for Tempur Sealy International’s current full-year earnings is $2.51 per share. William Blair also issued estimates for Tempur Sealy International’s Q4 2024 earnings at $0.57 EPS.

TPX has been the subject of several other research reports. Raymond James lowered their price objective on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a research note on Friday, November 1st. Wedbush raised their price objective on shares of Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Tempur Sealy International has a consensus rating of “Buy” and a consensus target price of $60.67.

Tempur Sealy International Trading Up 2.7 %

NYSE TPX opened at $55.87 on Monday. The firm has a 50 day simple moving average of $51.25 and a 200-day simple moving average of $50.59. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.68 and a current ratio of 1.14. Tempur Sealy International has a one year low of $36.98 and a one year high of $57.13. The firm has a market cap of $9.70 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 2.34 and a beta of 1.60.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.81 by $0.01. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the firm posted $0.77 earnings per share. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year.

Tempur Sealy International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be paid a $0.13 dividend. The ex-dividend date is Thursday, November 21st. This represents a $0.52 dividend on an annualized basis and a yield of 0.93%. Tempur Sealy International’s dividend payout ratio is currently 23.74%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Toronto Dominion Bank raised its holdings in Tempur Sealy International by 0.6% during the first quarter. Toronto Dominion Bank now owns 32,820 shares of the company’s stock worth $1,865,000 after purchasing an additional 210 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Tempur Sealy International by 0.7% during the second quarter. Nisa Investment Advisors LLC now owns 31,574 shares of the company’s stock worth $1,495,000 after purchasing an additional 220 shares in the last quarter. J.Safra Asset Management Corp raised its holdings in Tempur Sealy International by 23.8% during the second quarter. J.Safra Asset Management Corp now owns 1,273 shares of the company’s stock worth $60,000 after purchasing an additional 245 shares in the last quarter. Signaturefd LLC raised its holdings 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 purchasing an additional 255 shares in the last quarter. Finally, Hanlon Investment Management Inc. raised its holdings in Tempur Sealy International by 1.9% during the second quarter. Hanlon Investment Management Inc. now owns 14,050 shares of the company’s stock worth $665,000 after purchasing an additional 261 shares in the last quarter. Hedge funds and other institutional investors own 99.86% of the company’s stock.

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.