Tupperware Brands Corporation (TUP) Expected to Post Earnings of $0.94 Per Share
Equities research analysts predict that Tupperware Brands Corporation (NYSE:TUP) will report earnings per share (EPS) of $0.94 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Tupperware Brands Corporation’s earnings, with the lowest EPS estimate coming in at $0.93 and the highest estimate coming in at $0.95. Tupperware Brands Corporation posted earnings per share of $0.87 during the same quarter last year, which suggests a positive year-over-year growth rate of 8%. The business is scheduled to announce its next earnings report on Wednesday, October 18th.
According to Zacks, analysts expect that Tupperware Brands Corporation will report full year earnings of $4.70 per share for the current fiscal year, with EPS estimates ranging from $4.66 to $4.74. For the next year, analysts expect that the business will report earnings of $5.07 per share, with EPS estimates ranging from $4.95 to $5.30. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Tupperware Brands Corporation.
Tupperware Brands Corporation (NYSE:TUP) last released its earnings results on Wednesday, July 26th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.01. Tupperware Brands Corporation had a net margin of 7.00% and a return on equity of 102.71%. The firm had revenue of $572.90 million during the quarter, compared to analyst estimates of $580.19 million. During the same period last year, the business earned $1.16 earnings per share. The business’s revenue was up 1.5% on a year-over-year basis.
A number of equities analysts have recently issued reports on the stock. Sidoti increased their price objective on shares of Tupperware Brands Corporation from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Monday, May 22nd. Zacks Investment Research downgraded shares of Tupperware Brands Corporation from a “buy” rating to a “sell” rating in a research note on Wednesday, June 28th. BidaskClub downgraded shares of Tupperware Brands Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, TheStreet downgraded shares of Tupperware Brands Corporation from a “b-” rating to a “c” rating in a research note on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Tupperware Brands Corporation currently has a consensus rating of “Hold” and a consensus price target of $71.33.
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Tupperware Brands Corporation (TUP) opened at 59.42 on Friday. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 19.22 and a beta of 1.62. The stock’s 50 day moving average is $58.57 and its 200 day moving average is $65.32. Tupperware Brands Corporation has a 12-month low of $52.32 and a 12-month high of $74.36.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Wednesday, September 20th will be paid a $0.68 dividend. The ex-dividend date is Tuesday, September 19th. This represents a $2.72 annualized dividend and a yield of 4.58%. Tupperware Brands Corporation’s dividend payout ratio (DPR) is 87.74%.
In other Tupperware Brands Corporation news, EVP Thomas M. Roehlk sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $70.67, for a total value of $141,340.00. Following the completion of the sale, the executive vice president now directly owns 20,665 shares in the company, valued at $1,460,395.55. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 6,000 shares of company stock valued at $379,400. 3.22% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in TUP. Russell Investments Group Ltd. boosted its stake in Tupperware Brands Corporation by 11.4% in the first quarter. Russell Investments Group Ltd. now owns 63,933 shares of the company’s stock valued at $4,011,000 after acquiring an additional 6,517 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Tupperware Brands Corporation by 1.1% in the first quarter. Oregon Public Employees Retirement Fund now owns 17,640 shares of the company’s stock valued at $1,106,000 after acquiring an additional 200 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Tupperware Brands Corporation by 24.0% in the first quarter. Wells Fargo & Company MN now owns 283,146 shares of the company’s stock valued at $17,758,000 after acquiring an additional 54,758 shares in the last quarter. Great West Life Assurance Co. Can raised its holdings in shares of Tupperware Brands Corporation by 2.3% in the first quarter. Great West Life Assurance Co. Can now owns 29,627 shares of the company’s stock worth $1,857,000 after buying an additional 661 shares during the last quarter. Finally, State Treasurer State of Michigan raised its holdings in shares of Tupperware Brands Corporation by 1.0% in the first quarter. State Treasurer State of Michigan now owns 20,587 shares of the company’s stock worth $1,291,000 after buying an additional 200 shares during the last quarter. Institutional investors own 86.33% of the company’s stock.
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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