Tupperware Brands Corp. (TUP) Set to Announce Earnings on Wednesday
Tupperware Brands Corp. (NYSE:TUP) will be releasing its Q316 earnings data on Wednesday, October 19th. Analysts expect Tupperware Brands Corp. to post earnings of $0.80 per share and revenue of $527.40 million for the quarter.
Tupperware Brands Corp. (NYSE:TUP) opened at 64.32 on Tuesday. Tupperware Brands Corp. has a one year low of $42.60 and a one year high of $66.90. The company’s 50-day moving average price is $64.64 and its 200-day moving average price is $60.40. The stock has a market capitalization of $3.25 billion, a PE ratio of 17.11 and a beta of 1.50.
The business also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Tuesday, September 20th were issued a $0.68 dividend. The ex-dividend date was Friday, September 16th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 4.23%. Tupperware Brands Corp.’s dividend payout ratio (DPR) is 72.34%.
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In other Tupperware Brands Corp. news, Chairman E V. Goings sold 150,000 shares of the company’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $62.50, for a total transaction of $9,375,000.00. Following the completion of the sale, the chairman now directly owns 54,456 shares in the company, valued at $3,403,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Angel R. Martinez sold 10,000 shares of the company’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $62.23, for a total value of $622,300.00. Following the sale, the director now owns 28,439 shares of the company’s stock, valued at $1,769,758.97. The disclosure for this sale can be found here. Company insiders own 3.22% of the company’s stock.
Large investors have recently made changes to their positions in the company. Loomis Sayles & Co. L P raised its stake in shares of Tupperware Brands Corp. by 4,479.7% in the second quarter. Loomis Sayles & Co. L P now owns 3,160 shares of the company’s stock valued at $178,000 after buying an additional 3,091 shares in the last quarter. Advisor Group Inc. bought a new stake in shares of Tupperware Brands Corp. during the second quarter valued at $193,000. Paloma Partners Management Co bought a new stake in shares of Tupperware Brands Corp. during the second quarter valued at $210,000. Panagora Asset Management Inc. increased its stake in shares of Tupperware Brands Corp. by 36.1% in the second quarter. Panagora Asset Management Inc. now owns 4,900 shares of the company’s stock valued at $276,000 after buying an additional 1,300 shares during the last quarter. Finally, Banced Corp bought a new stake in shares of Tupperware Brands Corp. during the second quarter valued at $294,000. Institutional investors own 92.19% of the company’s stock.
TUP has been the subject of a number of analyst reports. Zacks Investment Research raised Tupperware Brands Corp. from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a report on Wednesday, September 21st. TheStreet raised Tupperware Brands Corp. from a “hold” rating to a “buy” rating in a report on Thursday, June 23rd. SunTrust Banks Inc. reissued a “neutral” rating and issued a $62.00 price target (up from $57.00) on shares of Tupperware Brands Corp. in a report on Monday, July 25th. Piper Jaffray Cos. reissued a “neutral” rating and issued a $61.00 price target (up from $55.00) on shares of Tupperware Brands Corp. in a report on Friday, July 22nd. Finally, B. Riley reissued a “neutral” rating and issued a $53.00 price target on shares of Tupperware Brands Corp. in a report on Monday, July 25th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $60.00.
Tupperware Brands Corp. Company Profile
Tupperware Brands Corporation is engaged in the manufacture and sale of Tupperware products, and cosmetics and personal care products. The Company’s segments are Europe, Asia Pacific, Tupperware North America, Beauty North America and South America. The Europe, Asia Pacific and Tupperware North America segments include design-centric preparation, storage and serving solutions for the kitchen and home through the Tupperware brand.
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