Tempur Sealy International (NYSE:TPX – Get Free Report) updated its FY24 earnings guidance on Tuesday. The company provided EPS guidance of $2.60-2.90 for the period, compared to the consensus EPS estimate of $2.74. The company issued revenue guidance of low to mid-single digit yr/yr growth, compared to the consensus revenue estimate of $5.09 billion.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on TPX. Wedbush reaffirmed an outperform rating and set a $66.00 price target on shares of Tempur Sealy International in a research note on Wednesday. Loop Capital raised shares of Tempur Sealy International from a hold rating to a buy rating and lifted their price target for the stock from $50.00 to $75.00 in a research note on Monday, March 25th. Truist Financial boosted their target price 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. KeyCorp boosted their target price on shares of Tempur Sealy International from $56.00 to $60.00 and gave the stock an overweight rating in a research report on Friday, February 9th. Finally, Piper Sandler raised shares of Tempur Sealy International from a neutral rating to an overweight rating and boosted their target price for the stock from $41.00 to $61.00 in a research report on Thursday, January 18th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Buy and an average target price of $62.71.
View Our Latest Stock Report on TPX
Tempur Sealy International Stock Performance
Tempur Sealy International (NYSE:TPX – Get Free Report) last posted its earnings results on Tuesday, May 7th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.21 billion. Tempur Sealy International had a net margin of 7.47% and a return on equity of 239.67%. Tempur Sealy International’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.53 EPS. On average, equities analysts expect that Tempur Sealy International will post 2.75 EPS for the current year.
Tempur Sealy International Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Wednesday, May 15th. Tempur Sealy International’s dividend payout ratio is currently 25.12%.
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.
Read More
- Five stocks we like better than Tempur Sealy International
- Election Stocks: How Elections Affect the Stock Market
- Roblox: The Bottom Just Fell Out of the Metaverse
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- Airbnb Stock Plummets After Earnings, But is It a Buy?
- Find and Profitably Trade Stocks at 52-Week Lows
- Uber’s Earnings Drop Is Investors Opportunity
Receive News & Ratings for Tempur Sealy International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tempur Sealy International and related companies with MarketBeat.com's FREE daily email newsletter.