Tempur Sealy International, Inc. (NYSE:TPX) Declares $0.13 Quarterly Dividend

Tempur Sealy International, Inc. (NYSE:TPX) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Thursday, November 21st will be paid a dividend of 0.13 per share on Thursday, December 5th. This represents a $0.52 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Thursday, November 21st.

Tempur Sealy International has a dividend payout ratio of 16.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Tempur Sealy International to earn $2.87 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 18.1%.

Tempur Sealy International Stock Up 0.2 %

TPX stock opened at $54.23 on Tuesday. Tempur Sealy International has a 1-year low of $38.85 and a 1-year high of $57.13. The business’s 50 day simple moving average is $51.73 and its 200 day simple moving average is $50.75. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 3.95. The firm has a market capitalization of $9.42 billion, a PE ratio of 24.76, a PEG ratio of 1.98 and a beta of 1.60.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.01. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period last year, the business posted $0.77 earnings per share. As a group, research analysts anticipate that Tempur Sealy International will post 2.51 EPS for the current year.

Analyst Upgrades and Downgrades

TPX has been the topic of several recent research reports. Raymond James lowered their target price on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a report on Friday, November 1st. Wedbush increased their price target on Tempur Sealy International from $49.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $60.67.

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.