Tempur Sealy International (NYSE:TPX – Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.81 by $0.01, Briefing.com reports. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. Tempur Sealy International had a net margin of 7.65% and a return on equity of 135.46%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.77 EPS. Tempur Sealy International updated its FY24 guidance to $2.45-$2.55 EPS and its FY 2024 guidance to 2.450-2.550 EPS.
Tempur Sealy International Stock Up 0.8 %
Shares of TPX traded up $0.42 during mid-day trading on Friday, hitting $54.42. 1,940,103 shares of the company’s stock were exchanged, compared to its average volume of 1,574,408. The company has a market cap of $9.45 billion, a price-to-earnings ratio of 25.90, a P/E/G ratio of 2.14 and a beta of 1.60. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.68 and a current ratio of 1.21. Tempur Sealy International has a fifty-two week low of $36.12 and a fifty-two week high of $57.13. The stock’s 50-day moving average is $51.14 and its 200-day moving average is $50.51.
Tempur Sealy International Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Thursday, November 21st. Tempur Sealy International’s dividend payout ratio (DPR) is 24.76%.
Analysts Set New Price Targets
Read Our Latest Stock Report on TPX
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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