Tempur Sealy International (NYSE:TPX) Posts Earnings Results, Beats Estimates By $0.74 EPS

Tempur Sealy International (NYSE:TPX) posted its quarterly earnings data on Thursday. The company reported $2.94 EPS for the quarter, beating the Zacks’ consensus estimate of $2.20 by $0.74, MarketWatch Earnings reports. Tempur Sealy International had a net margin of 6.36% and a return on equity of 88.49%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business earned $1.30 earnings per share. The business’s revenue for the quarter was up 37.9% on a year-over-year basis.

Tempur Sealy International stock opened at $86.13 on Friday. The company has a 50 day moving average price of $89.47 and a 200 day moving average price of $74.18. Tempur Sealy International has a 52 week low of $22.00 and a 52 week high of $100.39. The company has a debt-to-equity ratio of 6.00, a quick ratio of 0.69 and a current ratio of 0.94. The firm has a market capitalization of $4.44 billion, a price-to-earnings ratio of 23.28, a P/E/G ratio of 0.61 and a beta of 2.08.

Tempur Sealy International’s stock is scheduled to split before the market opens on Tuesday, November 24th. The 4-1 split was announced on Thursday, October 29th. The newly issued shares will be issued to shareholders after the closing bell on Monday, November 23rd.

A number of research firms recently commented on TPX. Raymond James raised their price objective on shares of Tempur Sealy International from $100.00 to $115.00 and gave the company a “strong-buy” rating in a research note on Wednesday, September 16th. KeyCorp lifted their price target on shares of Tempur Sealy International from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday. Wedbush lifted their price target on shares of Tempur Sealy International from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 15th. Loop Capital lifted their price target on shares of Tempur Sealy International from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, September 15th. Finally, Piper Sandler restated an “overweight” rating and issued a $135.00 price target (up previously from $125.00) on shares of Tempur Sealy International in a research report on Friday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Tempur Sealy International presently has a consensus rating of “Buy” and a consensus price target of $107.67.

Tempur Sealy International Company Profile

Tempur Sealy International, Inc, together with its subsidiaries, develops, manufactures, markets, and distributes bedding products in the United States, Canada, 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, Tempur-Pedic, Sealy, Comfort Revolution, and Stearns & Foster brands.

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Earnings History for Tempur Sealy International (NYSE:TPX)

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