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

Tempur Sealy International, Inc. (NYSE:TPX) announced a quarterly dividend on Tuesday, May 7th, Zacks reports. Investors 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 dividend payout ratio of 16.5% meaning 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 Up 0.1 %

Shares of NYSE:TPX opened at $52.12 on Thursday. The company has a current ratio of 1.21, a quick ratio of 0.68 and a debt-to-equity ratio of 7.81. The stock has a fifty day simple moving average of $52.81 and a two-hundred day simple moving average of $48.74. Tempur Sealy International has a 12-month low of $34.98 and a 12-month high of $57.13. The stock 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.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.21 billion. Tempur Sealy International had a return on equity of 239.67% and a net margin of 7.47%. Tempur Sealy International’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 EPS. On average, research analysts anticipate that Tempur Sealy International will post 2.75 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Loop Capital raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating and raised their price target for the company from $50.00 to $75.00 in a research report on Monday, March 25th. KeyCorp lifted their target price on Tempur Sealy International from $56.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, February 9th. Wedbush reaffirmed an “outperform” rating and set a $66.00 price target on shares of Tempur Sealy International in a report on Wednesday. Truist Financial increased their price objective on Tempur Sealy International from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Finally, Piper Sandler raised Tempur Sealy International from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $41.00 to $61.00 in a research report on Thursday, January 18th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $62.71.

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.