Tempur Sealy International (TPX) Set to Announce Quarterly Earnings on Thursday

Tempur Sealy International (NYSE:TPX) is scheduled to announce its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.82 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Tempur Sealy International (NYSE:TPX) last issued its earnings results on Tuesday, August 6th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). Tempur Sealy International had a return on equity of 135.46% and a net margin of 7.65%. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the business posted $0.58 EPS. Tempur Sealy International’s quarterly revenue was down 2.8% on a year-over-year basis. On average, analysts expect Tempur Sealy International to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Tempur Sealy International Price Performance

Shares of TPX opened at $48.37 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 0.68 and a debt-to-equity ratio of 5.92. Tempur Sealy International has a 1 year low of $36.12 and a 1 year high of $57.13. The stock has a market cap of $8.40 billion, a P/E ratio of 23.03, a price-to-earnings-growth ratio of 2.05 and a beta of 1.60. The stock’s 50-day moving average price is $51.26 and its two-hundred day moving average price is $50.49.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Raymond James reduced 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. Wedbush lowered Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 price target on the stock. in a research report on Wednesday, September 4th. Finally, Truist Financial dropped their price target on Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Tempur Sealy International currently has a consensus rating of “Buy” and an average price target of $60.17.

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.