Brokerages expect that Tupperware Brands (NYSE:TUP) will report $565.65 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Tupperware Brands’ earnings, with estimates ranging from $563.30 million to $568.00 million. Tupperware Brands reported sales of $554.80 million in the same quarter last year, which indicates a positive year-over-year growth rate of 2%. The firm is expected to report its next quarterly earnings report before the market opens on Wednesday, April 25th.
On average, analysts expect that Tupperware Brands will report full-year sales of $565.65 million for the current fiscal year, with estimates ranging from $2.32 billion to $2.33 billion. For the next year, analysts anticipate that the business will post sales of $2.40 billion per share, with estimates ranging from $2.38 billion to $2.41 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Tupperware Brands.
Tupperware Brands (NYSE:TUP) last announced its earnings results on Wednesday, January 31st. The company reported $1.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.50 by $0.09. Tupperware Brands had a negative net margin of 11.77% and a positive return on equity of 160.65%. The firm had revenue of $588.60 million during the quarter, compared to analyst estimates of $601.99 million. During the same period in the prior year, the business earned $1.45 EPS. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year.
A number of research firms have recently commented on TUP. Zacks Investment Research downgraded shares of Tupperware Brands from a “hold” rating to a “sell” rating in a research note on Friday. Morgan Stanley reduced their price objective on shares of Tupperware Brands from $66.00 to $60.00 and set an “equal weight” rating for the company in a research note on Thursday. ValuEngine upgraded shares of Tupperware Brands from a “hold” rating to a “buy” rating in a research note on Thursday, January 4th. Citigroup reduced their price objective on shares of Tupperware Brands from $62.00 to $56.00 and set a “neutral” rating for the company in a research note on Tuesday, March 13th. Finally, SunTrust Banks reduced their price objective on shares of Tupperware Brands to $64.00 and set a “hold” rating for the company in a research note on Thursday, February 1st. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $63.29.
Shares of Tupperware Brands stock traded down $0.18 during trading hours on Wednesday, reaching $47.16. 403,809 shares of the company’s stock were exchanged, compared to its average volume of 773,724. Tupperware Brands has a fifty-two week low of $46.00 and a fifty-two week high of $74.36. The company has a debt-to-equity ratio of -5.07, a current ratio of 0.96 and a quick ratio of 0.56. The company has a market cap of $2,419.87, a price-to-earnings ratio of 9.78, a P/E/G ratio of 0.77 and a beta of 1.51.
The company also recently announced a quarterly dividend, which was paid on Thursday, April 5th. Stockholders of record on Tuesday, March 20th were issued a $0.68 dividend. The ex-dividend date was Monday, March 19th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.77%. Tupperware Brands’s payout ratio is 56.20%.
Hedge funds have recently modified their holdings of the company. Steward Partners Investment Advisory LLC bought a new stake in shares of Tupperware Brands in the 3rd quarter valued at about $102,000. Ffcm LLC raised its holdings in shares of Tupperware Brands by 1,021.1% in the 4th quarter. Ffcm LLC now owns 1,704 shares of the company’s stock valued at $107,000 after purchasing an additional 1,552 shares during the period. Macquarie Group Ltd. raised its holdings in shares of Tupperware Brands by 183.3% in the 4th quarter. Macquarie Group Ltd. now owns 1,700 shares of the company’s stock valued at $107,000 after purchasing an additional 1,100 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Tupperware Brands by 48.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,804 shares of the company’s stock valued at $176,000 after purchasing an additional 915 shares during the period. Finally, SeaCrest Wealth Management LLC bought a new stake in shares of Tupperware Brands in the 4th quarter valued at about $177,000. 84.85% of the stock is currently owned by institutional investors.
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About Tupperware Brands
Tupperware Brands Corporation operates as a direct-to-consumer marketer of various products across a range of brands and categories in Europe, Africa, the Middle East, the Asia Pacific, North America, and South America. The company engages in the manufacture and sale of design-centric preparation, storage, and serving solutions for the kitchen and home, as well as a line of cookware, knives, microwave products, microfiber textiles, water-filtration related items, and an array of products for on-the-go consumers under the Tupperware brand name.
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