Tempur Sealy International, Inc. (NYSE:TPX – Get Free Report) declared a quarterly dividend on Tuesday, August 6th, Zacks reports. Stockholders of record on Thursday, August 15th will be paid a dividend of 0.13 per share on Thursday, August 29th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, August 15th.
Tempur Sealy International has a payout ratio of 16.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Tempur Sealy International to earn $2.94 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 17.7%.
Tempur Sealy International Trading Up 1.7 %
Shares of TPX opened at $50.25 on Tuesday. Tempur Sealy International has a twelve month low of $36.12 and a twelve month high of $57.13. The company has a current ratio of 1.21, a quick ratio of 0.68 and a debt-to-equity ratio of 5.92. The firm has a market capitalization of $8.73 billion, a P/E ratio of 24.46, a PEG ratio of 2.13 and a beta of 1.60. The firm’s 50-day moving average is $49.20 and its two-hundred day moving average is $51.14.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on TPX shares. Truist Financial lowered their price objective on shares of Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Wedbush reduced their price target on shares of Tempur Sealy International from $55.00 to $52.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Finally, Piper Sandler reissued an “overweight” rating and set a $61.00 price objective on shares of Tempur Sealy International in a research note on Wednesday, July 3rd. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Tempur Sealy International has an average rating of “Buy” and a consensus target price of $59.71.
View Our Latest Research Report on TPX
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.
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