Tupperware Brands Corporation to Post Q4 2018 Earnings of $1.64 Per Share, KeyCorp Forecasts (TUP)
Tupperware Brands Corporation (NYSE:TUP) – KeyCorp raised their Q4 2018 earnings per share (EPS) estimates for Tupperware Brands Corporation in a report issued on Wednesday. KeyCorp analyst J. Gere now expects that the company will post earnings of $1.64 per share for the quarter, up from their previous estimate of $1.63.
Tupperware Brands Corporation (NYSE:TUP) last posted its earnings results on Wednesday, July 26th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.01. Tupperware Brands Corporation had a return on equity of 102.71% and a net margin of 7.00%. The firm had revenue of $572.90 million for the quarter, compared to analyst estimates of $580.19 million. During the same quarter in the prior year, the company earned $1.16 EPS. Tupperware Brands Corporation’s revenue was up 1.5% on a year-over-year basis.
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TUP has been the subject of a number of other research reports. ValuEngine downgraded Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research downgraded Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, July 29th. BidaskClub downgraded Tupperware Brands Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 13th. Finally, TheStreet downgraded Tupperware Brands Corporation from a “b-” rating to a “c” rating in a research report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $71.33.
Tupperware Brands Corporation (NYSE TUP) traded up 1.41% during trading on Friday, reaching $58.21. The company had a trading volume of 172,639 shares. The company has a market capitalization of $2.96 billion, a P/E ratio of 18.83 and a beta of 1.62. Tupperware Brands Corporation has a 12 month low of $52.32 and a 12 month high of $74.36. The firm’s 50 day moving average is $59.86 and its 200-day moving average is $65.37.
Several institutional investors and hedge funds have recently modified their holdings of the business. Intl Fcstone Inc. acquired a new position in shares of Tupperware Brands Corporation during the second quarter worth about $496,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Tupperware Brands Corporation during the second quarter worth about $321,000. Public Employees Retirement System of Ohio lifted its stake in shares of Tupperware Brands Corporation by 157.4% during the second quarter. Public Employees Retirement System of Ohio now owns 46,954 shares of the company’s stock worth $3,298,000 after purchasing an additional 28,715 shares in the last quarter. Verition Fund Management LLC acquired a new position in shares of Tupperware Brands Corporation during the second quarter worth about $459,000. Finally, Ameritas Investment Partners Inc. lifted its stake in shares of Tupperware Brands Corporation by 1.5% during the second quarter. Ameritas Investment Partners Inc. now owns 16,180 shares of the company’s stock worth $1,136,000 after purchasing an additional 244 shares in the last quarter. Institutional investors own 86.32% of the company’s stock.
In other Tupperware Brands Corporation news, EVP Thomas M. Roehlk sold 2,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $60.49, for a total transaction of $120,980.00. Following the transaction, the executive vice president now owns 16,765 shares in the company, valued at $1,014,114.85. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last 90 days, insiders have sold 6,000 shares of company stock worth $379,400. 3.22% of the stock is currently owned by insiders.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Wednesday, September 20th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date is Tuesday, September 19th. Tupperware Brands Corporation’s dividend payout ratio (DPR) is presently 87.74%.
About Tupperware Brands Corporation
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.
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