Analysts Anticipate Tupperware Brands Co. (TUP) to Announce $1.06 EPS

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.

COPYRIGHT VIOLATION NOTICE: “Analysts Anticipate Tupperware Brands Co. (TUP) to Announce $1.06 EPS” was originally reported by The Lincolnian Online and is owned by of The Lincolnian Online. If you are viewing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The correct version of this piece of content can be viewed at https://www.thelincolnianonline.com/2018/02/20/analysts-anticipate-tupperware-brands-co-tup-to-announce-1-06-eps-updated.html.

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.

Get a free copy of the Zacks research report on Tupperware Brands (TUP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Tupperware Brands (NYSE:TUP)

Receive News & Ratings for Tupperware Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tupperware Brands and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply