Wall Street brokerages predict that Tupperware Brands Co. (NYSE:TUP) will announce $1.06 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Tupperware Brands’ earnings, with estimates ranging from $1.03 to $1.10. Tupperware Brands posted earnings of $1.01 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 5%. The business is expected to announce its next quarterly earnings results 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 year, with EPS estimates ranging from $5.10 to $5.20. For the next year, analysts expect that the firm will report earnings of $5.51 per share, with EPS estimates ranging from $5.42 to $5.65. Zacks’ EPS averages are an 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 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.50 by $0.09. The business had revenue of $588.60 million during the quarter, compared to analyst estimates of $601.99 million. Tupperware Brands had a negative net margin of 11.77% and a positive return on equity of 159.90%. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.45 earnings per share.
Several analysts recently weighed in on the stock. Zacks Investment Research raised shares of Tupperware Brands from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Friday, January 12th. Morgan Stanley raised their target price on shares of Tupperware Brands from $71.00 to $72.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. ValuEngine cut shares of Tupperware Brands from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. TheStreet raised shares of Tupperware Brands from a “c” rating to a “b-” rating in a report on Wednesday, October 25th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Tupperware Brands in a report on Saturday, November 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Tupperware Brands has a consensus rating of “Hold” and a consensus target price of $67.67.
Shares of Tupperware Brands (TUP) traded down $0.17 during trading hours on Friday, reaching $50.93. 174,386 shares of the company traded hands, compared to its average volume of 731,016. The firm has a market capitalization of $2,589.66, a PE ratio of -9.81, a price-to-earnings-growth ratio of 0.82 and a beta of 1.49. Tupperware Brands has a 52-week low of $49.04 and a 52-week high of $74.36. The company has a current ratio of 1.06, a quick ratio of 0.52 and a debt-to-equity ratio of -5.19.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Tuesday, March 20th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Monday, March 19th. This represents a $2.72 dividend on an annualized basis and a yield of 5.34%. Tupperware Brands’s payout ratio is currently -52.21%.
In other Tupperware Brands news, EVP Thomas M. Roehlk sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $62.43, for a total transaction of $124,860.00. Following the sale, the executive vice president now owns 6,765 shares of the company’s stock, valued at $422,338.95. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.14% of the stock is currently owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in TUP. Steward Partners Investment Advisory LLC acquired a new stake in Tupperware Brands during the third quarter worth approximately $102,000. Ffcm LLC raised its holdings in Tupperware Brands by 1,021.1% during the fourth quarter. Ffcm LLC now owns 1,704 shares of the company’s stock worth $107,000 after purchasing an additional 1,552 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of Tupperware Brands during the second quarter worth approximately $121,000. Mckinley Capital Management LLC Delaware grew its position in shares of Tupperware Brands by 1,157.7% during the third quarter. Mckinley Capital Management LLC Delaware now owns 2,440 shares of the company’s stock worth $151,000 after acquiring an additional 2,246 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Tupperware Brands by 48.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,804 shares of the company’s stock worth $176,000 after acquiring an additional 915 shares during the last quarter. 84.03% of the stock is currently owned by institutional investors.
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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