Tupperware Brands Corporation (NYSE:TUP) – KeyCorp upped their FY2017 earnings per share (EPS) estimates for shares of Tupperware Brands Corporation in a research note issued to investors on Wednesday. KeyCorp analyst J. Gere now forecasts that the company will earn $4.71 per share for the year, up from their prior forecast of $4.70. KeyCorp also issued estimates for Tupperware Brands Corporation’s Q4 2017 earnings at $1.53 EPS and FY2018 earnings at $5.06 EPS.

A number of other brokerages have also recently commented on TUP. Zacks Investment Research cut shares of Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. Sidoti raised their price target on shares of Tupperware Brands Corporation from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Monday, May 22nd. Finally, BidaskClub cut shares of Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $71.33.

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Tupperware Brands Corporation (NYSE:TUP) opened at 58.04 on Monday. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 18.77 and a beta of 1.62. The stock’s 50 day moving average price is $59.55 and its 200 day moving average price is $65.32. Tupperware Brands Corporation has a 12-month low of $52.32 and a 12-month high of $74.36.

Tupperware Brands Corporation (NYSE:TUP) last posted its earnings results on Wednesday, July 26th. The company reported $1.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.01. The company had revenue of $572.90 million during the quarter, compared to analyst estimates of $580.19 million. Tupperware Brands Corporation had a return on equity of 102.71% and a net margin of 7.00%. The business’s revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.16 earnings per share.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Wednesday, September 20th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 4.69%. The ex-dividend date of this dividend is Tuesday, September 19th. Tupperware Brands Corporation’s payout ratio is 87.74%.

In other news, EVP Thomas M. Roehlk sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $60.49, for a total transaction of $120,980.00. Following the completion of the sale, the executive vice president now owns 16,765 shares of the company’s stock, valued at $1,014,114.85. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In the last ninety days, insiders have sold 6,000 shares of company stock valued at $379,400. Company insiders own 3.22% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Intl Fcstone Inc. acquired a new stake in shares of Tupperware Brands Corporation during the second quarter worth approximately $496,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Tupperware Brands Corporation during the second quarter worth approximately $321,000. Public Employees Retirement System of Ohio increased its holdings 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 buying an additional 28,715 shares in the last quarter. Verition Fund Management LLC acquired a new stake in shares of Tupperware Brands Corporation during the second quarter worth approximately $459,000. Finally, Ameritas Investment Partners Inc. increased its holdings 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 buying an additional 244 shares in the last quarter. 86.32% of the stock is owned by institutional investors.

Tupperware Brands Corporation Company Profile

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.

Earnings History and Estimates for Tupperware Brands Corporation (NYSE:TUP)

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