Tempur Sealy International (NYSE:TPX) Updates FY24 Earnings Guidance

Tempur Sealy International (NYSE:TPX) updated its FY24 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.45-$2.55 for the period, compared to the consensus estimate of $2.52. Tempur Sealy International also updated its FY 2024 guidance to 2.450-2.550 EPS.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TPX shares. Truist Financial reduced their price objective on 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 cut shares of Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 price objective on the stock. in a research report on Wednesday, September 4th. Finally, Raymond James lowered their target price on shares of 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 investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $60.17.

Tempur Sealy International Trading Up 0.6 %

Shares of NYSE TPX opened at $49.87 on Thursday. The company has a quick ratio of 0.68, a current ratio of 1.21 and a debt-to-equity ratio of 5.92. The firm has a market cap of $8.66 billion, a PE ratio of 23.75, a price-to-earnings-growth ratio of 2.08 and a beta of 1.60. The business has a fifty day simple moving average of $51.10 and a two-hundred day simple moving average of $50.49. Tempur Sealy International has a twelve month low of $36.12 and a twelve month high of $57.13.

Tempur Sealy International (NYSE:TPX) last released its earnings results on Tuesday, August 6th. The company reported $0.63 earnings per share 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 company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the prior year, the firm posted $0.58 EPS. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. Analysts expect that Tempur Sealy International will post 2.52 earnings per share for the current fiscal year.

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.