Tempur Sealy International (NYSE:TPX) Updates FY 2024 Earnings Guidance

Tempur Sealy International (NYSE:TPX) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 2.450-2.550 for the period, compared to the consensus earnings per share estimate of 2.530. The company issued revenue guidance of -. Tempur Sealy International also updated its FY24 guidance to $2.45-$2.55 EPS.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TPX. Wedbush downgraded shares of Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 target price on the stock. in a research report on Wednesday, September 4th. 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 report on Wednesday, July 10th. Finally, Raymond James lowered their price objective on shares of 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 investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $60.17.

Tempur Sealy International Price Performance

NYSE TPX traded up $4.89 on Thursday, reaching $54.76. 1,328,138 shares of the company’s stock traded hands, compared to its average volume of 1,559,470. Tempur Sealy International has a 12 month low of $36.12 and a 12 month high of $57.13. The company has a debt-to-equity ratio of 5.92, a current ratio of 1.21 and a quick ratio of 0.68. The stock has a 50-day simple moving average of $51.10 and a 200 day simple moving average of $50.49. The stock has a market cap of $9.51 billion, a PE ratio of 26.45, a P/E/G ratio of 2.08 and a beta of 1.60.

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 the consensus estimate 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 firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the business posted $0.58 EPS. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. As a group, research analysts predict that Tempur Sealy International will post 2.52 earnings per share for the current year.

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.