Tempur Sealy International, Inc. (NYSE:TPX – Get Free Report) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders of record on Thursday, November 21st will be paid a dividend of 0.13 per share on Thursday, December 5th. This represents a $0.52 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Thursday, November 21st.
Tempur Sealy International has a payout ratio of 16.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Tempur Sealy International to earn $2.91 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 17.9%.
Tempur Sealy International Stock Performance
NYSE:TPX opened at $53.99 on Friday. The company has a market capitalization of $9.38 billion, a PE ratio of 25.71, a P/E/G ratio of 2.14 and a beta of 1.60. Tempur Sealy International has a fifty-two week low of $36.12 and a fifty-two week high of $57.13. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.68 and a current ratio of 1.21. The company has a 50 day simple moving average of $51.14 and a two-hundred day simple moving average of $50.51.
Analyst Ratings Changes
Several research firms have recently weighed in on TPX. Wedbush lowered Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 price objective for the company. in a research report on Wednesday, September 4th. Raymond James lowered 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 equities research 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. According to MarketBeat, Tempur Sealy International presently has an average rating of “Buy” and an average target price of $60.17.
Read Our Latest Stock Analysis 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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