Tupperware Brands Corp. (TUP) Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS
Tupperware Brands Corp. (NYSE:TUP) released its earnings data on Wednesday. The company reported $1.00 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.03 by $0.03, AR Network reports. The company had revenue of $603.00 million for the quarter, compared to the consensus estimate of $622.85 million.
Shares of Tupperware Brands Corp. (NYSE:TUP) opened at 94.20 on Wednesday. Tupperware Brands Corp. has a 52-week low of $52.36 and a 52-week high of $88.18. The stock’s 50-day moving average is $84.32 and its 200-day moving average is $81.29. The company has a market cap of $4.871 billion and a price-to-earnings ratio of 20.21.
A number of analysts have recently weighed in on TUP shares. Analysts at BMO Capital Markets downgraded shares of Tupperware Brands Corp. from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday, August 21st. They now have a $91.00 price target on the stock. They noted that the move was a valuation call. On the ratings front, analysts at Argus raised their price target on shares of Tupperware Brands Corp. from $94.00 to $98.00 in a research note to investors on Thursday, August 8th. They now have a “buy” rating on the stock. Finally, analysts at Janney Montgomery Scott raised their price target on shares of Tupperware Brands Corp. from $74.00 to $80.00 in a research note to investors on Thursday, July 25th. They now have a “neutral” rating on the stock. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Tupperware Brands Corp. currently has a consensus rating of “Buy” and an average target price of $86.00.
Tupperware Brands Corporation (NYSE:TUP) is a global direct seller of products across multiple brands and categories through an independent sales force of 2.
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