Brokerages expect Tempur Sealy International, Inc. (NYSE: TPX) to post sales of $ 1.32 billion for the current fiscal quarter, reports Zacks Investment Research. Seven analysts have estimated Tempur Sealy International’s earnings. The lowest sales estimate is $ 1.28 billion and the highest is $ 1.35 billion. Tempur Sealy International posted sales of $ 1.13 billion in the same quarter last year, suggesting a positive year-over-year growth rate of 16.8%. The company is expected to release its next quarterly results on Thursday, November 4.
On average, analysts expect Tempur Sealy International to report annual revenue of $ 5.01 billion for the current fiscal year, with estimates ranging from $ 4.96 billion to 5.09 billion. billions of dollars. For next year, analysts predict the company will post sales of $ 5.51 billion, with estimates ranging from $ 5.41 billion to $ 5.58 billion. Zacks sales averages are an average based on a survey of research analysts who follow Tempur Sealy International.
Tempur Sealy International (NYSE: TPX) last released its quarterly earnings data on Thursday, July 29. The company reported EPS of $ 0.79 for the quarter, beating the consensus estimate of $ 0.60 by $ 0.19. Tempur Sealy International had a net margin of 12.21% and a return on equity of 142.29%.
TPX has been the subject of several recent research reports. Wedbush increased its price target for Tempur Sealy International shares from $ 45.00 to $ 53.00 and rated the stock as “outperforming” in a research report published on Friday, July 30. UBS Group raised its price target for Tempur Sealy International shares from $ 40.00 to $ 48.00 and gave the company a “buy” rating in a report released on Monday April 12. KeyCorp raised its price target for Tempur Sealy International shares from $ 45 to $ 50.00 and assigned the company an “overweight” rating in a report released on Friday, July 30. Truist Securities raised its price target for Tempur Sealy International shares from $ 45 to $ 50.00 in a report released on Friday, April 30. Finally, Raymond James raised his price target for Tempur Sealy International shares from $ 46.00 to $ 55 and gave the company a “strong buy” rating in a report released on Friday, July 30. Two analysts rated the stock with a conservation rating, four gave the stock a buy rating and two gave the stock a strong buy rating. Tempur Sealy International has an average “Buy” rating and a consensus price target of $ 43.75.
Tempur Sealy International stock opened at $ 42.61 on Wednesday. Tempur Sealy International has a 52 week low of $ 19.88 and a 52 week high of $ 43.99. The company has a quick ratio of 0.70, a current ratio of 1.08, and a debt ratio of 3.67. The stock has a 50-day simple moving average of $ 39.33. The stock has a market cap of $ 8.39 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 0.65, and a beta of 1.97.
The company also recently unveiled a quarterly dividend, which will be paid on Thursday, August 26. Shareholders of record on Thursday August 12 will receive a dividend of $ 0.09 per share. The ex-dividend date of this dividend is Wednesday August 11. This represents a dividend of $ 0.36 on an annualized basis and a dividend yield of 0.84%. This is an increase from Tempur Sealy International’s previous quarterly dividend of $ 0.07. Tempur Sealy International’s dividend payout ratio is currently 14.66%.
Meanwhile, CFO Bhaskar Rao sold 141,094 shares in a transaction that took place on Thursday, July 8. The shares were sold at an average price of $ 38.41, for a total transaction of $ 5,419,420.54. After the sale closes, the CFO now owns 283,886 shares of the company, valued at approximately $ 10,904,061.26. The transaction was disclosed in a file with the SEC, accessible through the SEC’s website. Additionally, Executive Vice President Scott Vollet sold 56,436 shares in a trade that took place on Thursday, July 29. The stock was sold at an average price of $ 43.36, for a total trade of $ 2,447,064.96. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 208,334 shares of the company valued at $ 8,277,038. Company insiders own 3.78% of the company’s shares.
A number of hedge funds and other institutional investors have recently increased or reduced their stakes in the company. BlackRock Inc. increased its stake in Tempur Sealy International by 4.8% in the 1st quarter. BlackRock Inc. now owns 16,964,103 shares of the company valued at $ 620,207,000 after acquiring an additional 771,455 shares during the period. Dimensional Fund Advisors LP increased its holdings in Tempur Sealy International by 300.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,872,336 shares of the company valued at $ 104,559,000 after acquiring an additional 2,905,111 shares during the period. Goldman Sachs Group Inc. increased its stake in Tempur Sealy International by 13.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,361,192 shares of the company valued at $ 122,886,000 after acquiring an additional 399,271 shares during the period. Boston Partners increased its stake in Tempur Sealy International by 7.2% in the 1st quarter. Boston Partners now owns 3,167,670 shares of the company valued at $ 116,102,000 after acquiring an additional 211,408 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in Tempur Sealy International by 7.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,888,441 shares of the company valued at $ 105,601,000 after acquiring an additional 192,700 shares during the period. Hedge funds and other institutional investors hold 93.21% of the company’s shares.
Tempur Sealy International Company Profile
Tempur Sealy International, Inc., along with its subsidiaries, develops, manufactures, markets and distributes bedding products in the United States, Canada and around the world. It supplies mattresses, adjustable box springs and box springs, and adjustable box springs, as well as other products including pillows, mattress covers, sheets, cushions and various other accessories and comfort products under the TEMPUR brands, Tempur-Pedic, Sealy, Comfort Revolution and Stearns. & Promote brands.
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