Tupperware Brands Corp. Lowered to “Market Perform” at First Global (TUP)
Tupperware Brands Corp. (NYSE:TUP) was downgraded by research analysts at First Global from an “outperform” rating to a “market perform” rating in a report released on Thursday, TheFlyOnTheWall.com reports.
In other Tupperware Brands Corp. news, CFO Michael Poteshman sold 2,000 shares of the stock on the open market in a transaction dated Monday, February 3rd. The stock was sold at an average price of $78.10, for a total transaction of $156,200.00. Following the transaction, the chief financial officer now directly owns 34,576 shares in the company, valued at approximately $2,700,386. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of other analysts have also recently weighed in on TUP. Analysts at Zacks downgraded shares of Tupperware Brands Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday. They now have a $77.20 price target on the stock. Separately, analysts at BMO Capital Markets cut their price target on shares of Tupperware Brands Corp. from $80.00 to $8.00 in a research note to investors on Thursday, January 30th. Finally, analysts at B. Riley cut their price target on shares of Tupperware Brands Corp. from $106.00 to $102.00 in a research note to investors on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. Tupperware Brands Corp. currently has an average rating of “Hold” and an average price target of $76.46.
Shares of Tupperware Brands Corp. (NYSE:TUP) opened at 75.92 on Thursday. Tupperware Brands Corp. has a 1-year low of $73.07 and a 1-year high of $97.14. The stock’s 50-day moving average is $88.61 and its 200-day moving average is $87.7. The company has a market cap of $3.826 billion and a P/E ratio of 14.85.
Tupperware Brands Corp. (NYSE:TUP) last released its earnings data on Wednesday, January 29th. The company reported $1.81 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.85 by $0.04. The company had revenue of $717.00 million for the quarter, compared to the consensus estimate of $729.23 million. During the same quarter in the prior year, the company posted $1.71 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. On average, analysts predict that Tupperware Brands Corp. will post $5.74 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, April 4th. Shareholders of record on Wednesday, March 19th will be given a dividend of 0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend is Monday, March 17th. This is a positive change from Tupperware Brands Corp.’s previous quarterly dividend of $0.62.
Tupperware Brands Corporation (NYSE:TUP) is a global direct seller of products across multiple brands and categories through an independent sales force of 2.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.