Equities research analysts expect Tupperware Brands Co. (NYSE:TUP) to announce earnings per share (EPS) of $1.16 for the current quarter, Zacks reports. Zero analysts have provided estimates for Tupperware Brands’ earnings, with estimates ranging from $1.14 to $1.18. Tupperware Brands reported earnings of $1.21 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 4.1%. The business is scheduled to announce its next earnings results before the market opens on Wednesday, July 25th.
According to Zacks, analysts expect that Tupperware Brands will report full year earnings of $4.63 per share for the current financial year, with EPS estimates ranging from $4.58 to $4.67. For the next financial year, analysts forecast that the business will report earnings of $4.91 per share, with EPS estimates ranging from $4.75 to $5.07. Zacks’ EPS averages are a mean average based on a survey of analysts that cover Tupperware Brands.
Tupperware Brands (NYSE:TUP) last announced its quarterly earnings results on Wednesday, April 25th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. The firm had revenue of $542.60 million during the quarter, compared to analyst estimates of $542.62 million. Tupperware Brands had a positive return on equity of 401.48% and a negative net margin of 12.35%. Tupperware Brands’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.01 earnings per share.
TUP has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Tupperware Brands from a “strong sell” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Tuesday, June 12th. Bank of America reduced their price objective on shares of Tupperware Brands from $55.00 to $47.00 and set an “underperform” rating for the company in a research note on Tuesday, April 10th. Morgan Stanley boosted their price objective on shares of Tupperware Brands from $47.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 26th. ValuEngine downgraded shares of Tupperware Brands from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. Finally, 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. Three investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $53.20.
In other news, Vice Chairman Simon C. Hemus sold 14,000 shares of the company’s stock in a transaction on Tuesday, April 17th. The stock was sold at an average price of $43.19, for a total transaction of $604,660.00. Following the transaction, the insider now directly owns 25,307 shares of the company’s stock, valued at $1,093,009.33. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director David R. Parker purchased 3,000 shares of Tupperware Brands stock in a transaction dated Thursday, April 12th. The shares were acquired at an average cost of $41.70 per share, for a total transaction of $125,100.00. Following the completion of the transaction, the director now owns 24,039 shares of the company’s stock, valued at approximately $1,002,426.30. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 10,320 shares of company stock worth $441,278. Insiders own 3.42% of the company’s stock.
Several hedge funds have recently modified their holdings of TUP. Macquarie Group Ltd. increased its position 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 acquiring an additional 1,100 shares during the period. Asset Management One Co. Ltd. acquired a new position in shares of Tupperware Brands in the 1st quarter valued at $123,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Tupperware Brands in the 1st quarter valued at $124,000. Meadow Creek Investment Management LLC increased its position in shares of Tupperware Brands by 29.1% in the 4th quarter. Meadow Creek Investment Management LLC now owns 4,686 shares of the company’s stock valued at $294,000 after acquiring an additional 1,056 shares during the period. Finally, Cullen Frost Bankers Inc. increased its position in shares of Tupperware Brands by 79.6% in the 1st quarter. Cullen Frost Bankers Inc. now owns 6,129 shares of the company’s stock valued at $297,000 after acquiring an additional 2,717 shares during the period. 83.20% of the stock is currently owned by institutional investors and hedge funds.
Tupperware Brands traded down $0.90, reaching $40.34, during trading hours on Wednesday, MarketBeat Ratings reports. The company’s stock had a trading volume of 736,300 shares, compared to its average volume of 823,817. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 8.32, a price-to-earnings-growth ratio of 0.74 and a beta of 1.52. Tupperware Brands has a 12 month low of $39.62 and a 12 month high of $71.23. The company has a quick ratio of 0.57, a current ratio of 0.96 and a debt-to-equity ratio of -5.58.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 6th. Investors of record on Wednesday, June 20th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 6.74%. The ex-dividend date of this dividend is Tuesday, June 19th. Tupperware Brands’s dividend payout ratio (DPR) is 56.20%.
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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