Analysts expect Tupperware Brands Co. (NYSE:TUP) to report $1.06 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Tupperware Brands’ earnings, with estimates ranging from $1.03 to $1.10. Tupperware Brands posted earnings per share of $1.01 in the same quarter last year, which indicates a positive year-over-year growth rate of 5%. The company is scheduled to report its next quarterly earnings report on Tuesday, April 24th.
According to Zacks, analysts expect that Tupperware Brands will report full year earnings of $5.16 per share for the current financial year, with EPS estimates ranging from $5.10 to $5.20. For the next fiscal year, analysts forecast that the business will post earnings of $5.51 per share, with EPS estimates ranging from $5.42 to $5.65. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Tupperware Brands.
Tupperware Brands (NYSE:TUP) last posted its quarterly earnings data on Wednesday, January 31st. The company reported $1.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.50 by $0.09. The firm had revenue of $588.60 million for the quarter, compared to the consensus estimate of $601.99 million. Tupperware Brands had a negative net margin of 11.77% and a positive return on equity of 160.65%. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.45 EPS.
A number of equities analysts have issued reports on TUP shares. SunTrust Banks cut their price objective on shares of Tupperware Brands to $64.00 and set a “hold” rating on the stock in a report on Thursday, February 1st. Zacks Investment Research downgraded shares of Tupperware Brands from a “buy” rating to a “sell” rating in a report on Wednesday, December 27th. ValuEngine raised shares of Tupperware Brands from a “hold” rating to a “buy” rating in a report on Thursday, January 4th. Bank of America cut their price objective on shares of Tupperware Brands from $63.00 to $55.00 and set an “underperform” rating on the stock in a report on Thursday, February 22nd. Finally, KeyCorp reaffirmed a “hold” rating on shares of Tupperware Brands in a report on Saturday, November 25th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $64.14.
Tupperware Brands stock traded down $0.20 on Friday, reaching $47.15. 604,302 shares of the company’s stock were exchanged, compared to its average volume of 809,487. The company has a quick ratio of 0.56, a current ratio of 0.96 and a debt-to-equity ratio of -5.07. The stock has a market cap of $2,449.00, a P/E ratio of -9.05, a price-to-earnings-growth ratio of 0.77 and a beta of 1.57. Tupperware Brands has a 1 year low of $46.57 and a 1 year high of $74.36.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Stockholders of record on Tuesday, March 20th will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.77%. The ex-dividend date of this dividend is Monday, March 19th. Tupperware Brands’s payout ratio is -52.21%.
In other news, EVP Thomas M. Roehlk sold 2,000 shares of Tupperware Brands stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $62.43, for a total transaction of $124,860.00. Following the sale, the executive vice president now directly owns 6,765 shares in the company, valued at approximately $422,338.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.14% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TUP. Steward Partners Investment Advisory LLC bought a new stake in shares of Tupperware Brands during the 3rd quarter worth $102,000. Ffcm LLC raised its stake in shares of Tupperware Brands by 1,021.1% during the 4th quarter. Ffcm LLC now owns 1,704 shares of the company’s stock worth $107,000 after purchasing an additional 1,552 shares during the period. Macquarie Group Ltd. raised its stake in shares of Tupperware Brands by 183.3% during the 4th quarter. Macquarie Group Ltd. now owns 1,700 shares of the company’s stock worth $107,000 after purchasing an additional 1,100 shares during the period. Mckinley Capital Management LLC Delaware raised its stake in shares of Tupperware Brands by 1,157.7% during the 3rd quarter. Mckinley Capital Management LLC Delaware now owns 2,440 shares of the company’s stock worth $151,000 after purchasing an additional 2,246 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Tupperware Brands by 48.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,804 shares of the company’s stock worth $176,000 after purchasing an additional 915 shares during the period. Institutional investors own 84.80% of the company’s stock.
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Tupperware Brands Company Profile
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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