Tupperware Brands Corporation (TUP) Expected to Earn FY2017 Earnings of $4.71 Per Share
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.
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