Tupperware Brands Co. Announces Quarterly Dividend of $0.68 (TUP)
Tupperware Brands (NYSE:TUP) announced a quarterly dividend on Thursday, August 14th, Stock Ratings Network reports. Investors of record on Thursday, September 18th will be paid a dividend of 0.68 per share on Monday, October 6th. This represents a $2.72 annualized dividend and a dividend yield of 3.70%.
A number of research firms have recently commented on TUP. Analysts at Zacks downgraded shares of Tupperware Brands from a “neutral” rating to an “underperform” rating in a research note on Monday, July 28th. They now have a $72.00 price target on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Tupperware Brands in a research note on Thursday, July 24th. They now have a $81.00 price target on the stock, down previously from $91.00. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $86.25.
Shares of Tupperware Brands (NYSE:TUP) traded up 0.79% on Thursday, hitting $74.04. 884,980 shares of the company’s stock traded hands. Tupperware Brands has a 52-week low of $71.90 and a 52-week high of $97.14. The stock’s 50-day moving average is $79.52 and its 200-day moving average is $81.47. The company has a market cap of $3.731 billion and a price-to-earnings ratio of 15.83.
Tupperware Brands (NYSE:TUP) last released its earnings results on Wednesday, July 23rd. The company reported $1.47 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.47. The company had revenue of $674.00 million for the quarter, compared to the consensus estimate of $687.82 million. During the same quarter last year, the company posted $1.46 earnings per share. Tupperware Brands’s revenue was down 2.0% compared to the same quarter last year. On average, analysts predict that Tupperware Brands will post $5.45 earnings per share for the current fiscal year.
In other Tupperware Brands news, EVP Jose R. Timmerman sold 30,750 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $74.19, for a total transaction of $2,281,342.50. The sale was disclosed in a filing with the SEC, which is available at this link.
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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