Tupperware Brands Corporation (NYSE:TUP) – Equities research analysts at SunTrust Banks lifted their FY2017 earnings per share estimates for shares of Tupperware Brands Corporation in a note issued to investors on Wednesday, Zacks Investment Research reports. SunTrust Banks analyst M. Swartz now expects that the company will post earnings of $4.75 per share for the year, up from their previous estimate of $4.74. SunTrust Banks currently has a “Hold” rating and a $65.00 target price on the stock. SunTrust Banks also issued estimates for Tupperware Brands Corporation’s Q1 2018 earnings at $1.04 EPS, Q3 2018 earnings at $1.10 EPS, Q4 2018 earnings at $1.69 EPS, FY2018 earnings at $5.05 EPS and FY2019 earnings at $5.50 EPS.
Tupperware Brands Corporation (NYSE:TUP) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $1.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.09. Tupperware Brands Corporation had a return on equity of 101.23% and a net margin of 6.18%. The company had revenue of $539.50 million for the quarter, compared to analyst estimates of $538.80 million. During the same quarter in the previous year, the company earned $0.87 EPS. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. ILLEGAL ACTIVITY NOTICE: “Tupperware Brands Corporation (NYSE:TUP) Forecasted to Post FY2017 Earnings of $4.75 Per Share” was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this story on another website, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2017/11/11/tupperware-brands-corporation-tup-expected-to-earn-fy2017-earnings-of-4-75-per-share.html.
Several other equities research analysts have also commented on the company. Zacks Investment Research raised Tupperware Brands Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, October 28th. TheStreet raised Tupperware Brands Corporation from a “c” rating to a “b-” rating in a research note on Wednesday, October 25th. ValuEngine raised Tupperware Brands Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Morgan Stanley boosted their price target on Tupperware Brands Corporation from $71.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 26th. Finally, KeyCorp reissued a “hold” rating on shares of Tupperware Brands Corporation in a research note on Thursday, October 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. Tupperware Brands Corporation has a consensus rating of “Hold” and an average target price of $68.33.
Shares of Tupperware Brands Corporation (TUP) traded up $0.15 on Friday, reaching $58.83. The company’s stock had a trading volume of 221,500 shares, compared to its average volume of 512,385. Tupperware Brands Corporation has a 12 month low of $52.32 and a 12 month high of $74.36. The stock has a market cap of $2,986.08, a price-to-earnings ratio of 12.48, a PEG ratio of 1.03 and a beta of 1.72. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.52.
A number of institutional investors and hedge funds have recently modified their holdings of TUP. Credit Agricole S A acquired a new position in Tupperware Brands Corporation in the 1st quarter valued at $473,000. California Public Employees Retirement System raised its holdings in Tupperware Brands Corporation by 0.5% in the 1st quarter. California Public Employees Retirement System now owns 135,689 shares of the company’s stock valued at $8,510,000 after acquiring an additional 700 shares during the last quarter. Legal & General Group Plc raised its holdings in Tupperware Brands Corporation by 46.6% in the 1st quarter. Legal & General Group Plc now owns 55,398 shares of the company’s stock valued at $3,475,000 after acquiring an additional 17,598 shares during the last quarter. Vanguard Group Inc. raised its holdings in Tupperware Brands Corporation by 5.1% in the 1st quarter. Vanguard Group Inc. now owns 4,499,696 shares of the company’s stock valued at $282,221,000 after acquiring an additional 218,186 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Tupperware Brands Corporation by 13.8% in the 1st quarter. Geode Capital Management LLC now owns 386,325 shares of the company’s stock valued at $24,229,000 after acquiring an additional 46,734 shares during the last quarter. Institutional investors own 85.35% of the company’s stock.
In related news, Chairman E V. Goings sold 44,600 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $59.26, for a total value of $2,642,996.00. Following the sale, the chairman now owns 54,059 shares of the company’s stock, valued at approximately $3,203,536.34. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Thomas M. Roehlk sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $59.39, for a total value of $118,780.00. Following the completion of the sale, the executive vice president now directly owns 10,765 shares in the company, valued at approximately $639,333.35. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,600 shares of company stock worth $3,001,976. 3.22% of the stock is owned by corporate insiders.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Wednesday, December 20th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date is Tuesday, December 19th. Tupperware Brands Corporation’s payout ratio is currently 98.91%.
About Tupperware Brands Corporation
Tupperware Brands Corporation is a global direct-to-consumer company. The Company operates through five segments in three geographic regions: Europe (Europe, Africa and the Middle East), Asia Pacific and the Americas. Its segments are Europe, Asia Pacific, Tupperware North America, Beauty North America and South America.
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