Tempur Sealy International (NYSE:TPX – Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.01), Briefing.com reports. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.28 billion. Tempur Sealy International had a return on equity of 168.59% and a net margin of 7.32%. The business’s revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.58 EPS. Tempur Sealy International updated its FY24 guidance to $2.45-$2.65 EPS and its FY 2024 guidance to 2.450-2.650 EPS.
Tempur Sealy International Stock Performance
TPX traded down $0.43 on Wednesday, reaching $47.80. The company had a trading volume of 2,115,646 shares, compared to its average volume of 1,713,199. Tempur Sealy International has a 1 year low of $36.12 and a 1 year high of $57.13. The stock has a market capitalization of $8.30 billion, a PE ratio of 23.66, a P/E/G ratio of 1.59 and a beta of 1.60. The company has a quick ratio of 0.70, a current ratio of 1.21 and a debt-to-equity ratio of 7.74. The stock has a 50-day moving average price of $49.29 and a 200-day moving average price of $51.17.
Tempur Sealy International Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 15th will be given a $0.13 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.52 dividend on an annualized basis and a yield of 1.09%. Tempur Sealy International’s dividend payout ratio (DPR) is presently 25.74%.
Analysts Set New Price Targets
View Our Latest Report on Tempur Sealy International
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.
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