Wedbush Has Negative Estimate for TPX FY2024 Earnings

Tempur Sealy International, Inc. (NYSE:TPX) – Equities researchers at Wedbush lowered their FY2024 earnings per share estimates for shares of Tempur Sealy International in a research report issued on Friday, November 8th. Wedbush analyst S. Basham now anticipates that the company will post earnings per share of $2.48 for the year, down from their prior estimate of $2.53. Wedbush currently has a “Neutral” rating and a $55.00 price objective on the stock. The consensus estimate for Tempur Sealy International’s current full-year earnings is $2.51 per share. Wedbush also issued estimates for Tempur Sealy International’s Q4 2024 earnings at $0.53 EPS, Q1 2025 earnings at $0.55 EPS, Q2 2025 earnings at $0.69 EPS, Q3 2025 earnings at $0.88 EPS, Q4 2025 earnings at $0.58 EPS, FY2025 earnings at $2.70 EPS and FY2026 earnings at $2.88 EPS.

Separately, Raymond James dropped their target price on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a report on Friday, November 1st. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Tempur Sealy International currently has a consensus rating of “Buy” and an average price target of $60.67.

Tempur Sealy International Stock Performance

NYSE TPX opened at $55.68 on Monday. Tempur Sealy International has a twelve month low of $36.98 and a twelve month high of $57.13. The company has a quick ratio of 0.68, a current ratio of 1.14 and a debt-to-equity ratio of 3.95. The stock has a market cap of $9.67 billion, a P/E ratio of 25.42, a PEG ratio of 2.34 and a beta of 1.60. The company’s 50-day simple moving average is $51.34 and its 200 day simple moving average is $50.63.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the company earned $0.77 earnings per share. The business’s revenue was up 1.8% compared to the same quarter last year.

Institutional Investors Weigh In On Tempur Sealy International

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Tempur Sealy International by 0.9% during the first quarter. Vanguard Group Inc. now owns 16,068,006 shares of the company’s stock worth $912,984,000 after acquiring an additional 143,719 shares during the last quarter. Darsana Capital Partners LP raised its holdings in Tempur Sealy International by 40.0% during the 2nd quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the company’s stock worth $331,380,000 after purchasing an additional 2,000,000 shares during the last quarter. Linonia Partnership LP lifted its position in Tempur Sealy International by 17.1% during the 2nd quarter. Linonia Partnership LP now owns 3,749,434 shares of the company’s stock valued at $177,498,000 after purchasing an additional 548,004 shares during the period. Eminence Capital LP boosted its stake in shares of Tempur Sealy International by 61.6% in the 2nd quarter. Eminence Capital LP now owns 2,249,222 shares of the company’s stock valued at $106,478,000 after purchasing an additional 857,478 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Tempur Sealy International by 12.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,082,140 shares of the company’s stock worth $98,559,000 after buying an additional 224,955 shares during the period. Institutional investors own 99.86% of the company’s stock.

Tempur Sealy International Announces Dividend

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

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.