Tempur Sealy International (NYSE:TPX – Get Free Report) issued its earnings results on Tuesday. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02, Briefing.com reports. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.21 billion. Tempur Sealy International had a return on equity of 239.67% and a net margin of 7.47%. The firm’s revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 EPS. Tempur Sealy International updated its FY24 guidance to $2.60-2.90 EPS.
Tempur Sealy International Stock Performance
Shares of TPX stock traded up $0.20 during mid-day trading on Friday, reaching $54.19. The stock had a trading volume of 181,030 shares, compared to its average volume of 1,661,424. The firm has a market cap of $9.41 billion, a price-to-earnings ratio of 26.08, a PEG ratio of 1.17 and a beta of 1.58. The business’s fifty day moving average is $52.80 and its 200-day moving average is $48.77. The company has a current ratio of 1.21, a quick ratio of 0.68 and a debt-to-equity ratio of 7.81. Tempur Sealy International has a 1-year low of $34.98 and a 1-year high of $57.13.
Tempur Sealy International Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.96%. The ex-dividend date is Wednesday, May 15th. Tempur Sealy International’s dividend payout ratio is presently 25.12%.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis 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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