Wedbush Has Negative Outlook of TPX FY2024 Earnings

Tempur Sealy International, Inc. (NYSE:TPX) – Analysts at Wedbush decreased 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 previous forecast of $2.53. Wedbush has a “Neutral” rating and a $55.00 price target 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.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. The company’s revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.77 earnings per share.

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

Tempur Sealy International Stock Up 0.8 %

TPX stock opened at $54.42 on Monday. The firm’s 50-day moving average is $51.18 and its two-hundred day moving average is $50.55. The company has a current ratio of 1.14, a quick ratio of 0.68 and a debt-to-equity ratio of 3.95. The company has a market capitalization of $9.45 billion, a price-to-earnings ratio of 24.85, a price-to-earnings-growth ratio of 2.34 and a beta of 1.60. Tempur Sealy International has a 52 week low of $36.12 and a 52 week high of $57.13.

Tempur Sealy International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Thursday, November 21st. Tempur Sealy International’s dividend payout ratio is presently 23.74%.

Institutional Investors Weigh In On Tempur Sealy International

A number of institutional investors and hedge funds have recently modified their holdings of TPX. Allspring Global Investments Holdings LLC purchased a new stake in Tempur Sealy International during the first quarter valued at about $26,000. Janney Montgomery Scott LLC purchased a new stake in shares of Tempur Sealy International in the first quarter valued at $1,435,000. Empowered Funds LLC boosted its position in shares of Tempur Sealy International by 10.7% in the first quarter. Empowered Funds LLC now owns 22,705 shares of the company’s stock worth $1,290,000 after buying an additional 2,190 shares during the period. Swiss National Bank boosted its position in shares of Tempur Sealy International by 0.3% in the first quarter. Swiss National Bank now owns 340,200 shares of the company’s stock worth $19,330,000 after buying an additional 900 shares during the period. Finally, Sei Investments Co. grew its holdings in shares of Tempur Sealy International by 31.8% during the first quarter. Sei Investments Co. now owns 19,234 shares of the company’s stock valued at $1,093,000 after buying an additional 4,644 shares in the last quarter. 99.86% of the stock is owned by institutional investors and hedge funds.

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.