Tempur Sealy International, Inc. (TPX) To Go Ex-Dividend on May 15th

Tempur Sealy International, Inc. (NYSE:TPX) declared a quarterly dividend on Tuesday, May 7th, Zacks reports. Stockholders of record on Thursday, May 16th will be given a dividend of 0.13 per share on Thursday, May 30th. This represents a $0.52 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Wednesday, May 15th.

Tempur Sealy International has a payout ratio of 16.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Tempur Sealy International to earn $3.25 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 16.0%.

Tempur Sealy International Stock Performance

NYSE TPX opened at $52.12 on Thursday. The company has a market capitalization of $9.05 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 1.17 and a beta of 1.58. The company has a quick ratio of 0.68, a current ratio of 1.21 and a debt-to-equity ratio of 7.81. Tempur Sealy International has a twelve month low of $34.98 and a twelve month high of $57.13. The stock has a fifty day simple moving average of $52.81 and a 200 day simple moving average of $48.74.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. Tempur Sealy International had a return on equity of 239.67% and a net margin of 7.47%. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the prior year, the firm posted $0.53 earnings per share. The business’s quarterly revenue was down 1.5% on a year-over-year basis. Sell-side analysts expect that Tempur Sealy International will post 2.75 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Raymond James increased their price objective on shares of Tempur Sealy International from $45.00 to $58.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 19th. Truist Financial lifted their price objective on Tempur Sealy International from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Wedbush restated an “outperform” rating and set a $66.00 target price on shares of Tempur Sealy International in a research report on Wednesday. Loop Capital raised Tempur Sealy International from a “hold” rating to a “buy” rating and raised their target price for the stock from $50.00 to $75.00 in a research note on Monday, March 25th. Finally, KeyCorp boosted their price target on Tempur Sealy International from $56.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, February 9th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Tempur Sealy International has a consensus rating of “Buy” and an average price target of $62.71.

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.