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

Tempur Sealy International, Inc. (NYSE:TPX) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Thursday, November 21st will be given 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 of this dividend is Thursday, November 21st.

Tempur Sealy International has a payout ratio of 16.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Tempur Sealy International to earn $2.91 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 17.9%.

Tempur Sealy International Price Performance

TPX stock opened at $53.99 on Friday. The stock has a 50-day moving average price of $51.14 and a two-hundred day moving average price of $50.51. Tempur Sealy International has a 12-month low of $36.12 and a 12-month high of $57.13. The company has a current ratio of 1.21, a quick ratio of 0.68 and a debt-to-equity ratio of 5.92. The company has a market cap of $9.38 billion, a PE ratio of 25.71, a price-to-earnings-growth ratio of 2.14 and a beta of 1.60.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. Tempur Sealy International had a return on equity of 135.46% and a net margin of 7.65%. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the business earned $0.77 earnings per share. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. As a group, research analysts predict that Tempur Sealy International will post 2.52 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Wedbush cut Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 price objective on the stock. in a research note on Wednesday, September 4th. Raymond James reduced their price objective on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a research note on Friday, November 1st. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $60.17.

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.