$537.60 Million in Sales Expected for Tupperware Brands Corporation (TUP) This Quarter
Brokerages expect Tupperware Brands Corporation (NYSE:TUP) to announce sales of $537.60 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Tupperware Brands Corporation’s earnings, with the highest sales estimate coming in at $544.10 million and the lowest estimate coming in at $531.10 million. Tupperware Brands Corporation reported sales of $521.80 million in the same quarter last year, which indicates a positive year over year growth rate of 3%. The firm is expected to report its next earnings report on Wednesday, October 18th.
On average, analysts expect that Tupperware Brands Corporation will report full-year sales of $537.60 million for the current financial year, with estimates ranging from $2.27 billion to $2.29 billion. For the next financial year, analysts forecast that the firm will post sales of $2.35 billion per share, with estimates ranging from $2.33 billion to $2.39 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Tupperware Brands Corporation.
Tupperware Brands Corporation (NYSE:TUP) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.01. The firm had revenue of $572.90 million during the quarter, compared to the consensus estimate of $580.19 million. Tupperware Brands Corporation had a net margin of 7.00% and a return on equity of 102.71%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.16 EPS.
A number of equities analysts have weighed in on TUP shares. ValuEngine lowered shares of Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research lowered shares of Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, July 29th. BidaskClub lowered shares of Tupperware Brands Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 13th. Finally, TheStreet lowered shares of 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 given a buy rating to the company’s stock. Tupperware Brands Corporation has an average rating of “Hold” and a consensus price target of $71.33.
Tupperware Brands Corporation (NYSE:TUP) traded up 0.45% during mid-day trading on Friday, reaching $59.69. 525,395 shares of the company’s stock were exchanged. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 19.30 and a beta of 1.62. Tupperware Brands Corporation has a 52-week low of $52.32 and a 52-week high of $74.36. The company has a 50-day moving average of $58.54 and a 200-day moving average of $65.31.
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 given a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, September 19th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 4.56%. Tupperware Brands Corporation’s dividend payout ratio (DPR) is currently 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 value of $120,980.00. Following the completion of the transaction, the executive vice president now directly owns 16,765 shares in the company, valued at $1,014,114.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 6,000 shares of company stock valued at $379,400 over the last 90 days. 3.22% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the company. Kernodle & Katon Asset Management Group LLC bought a new stake in Tupperware Brands Corporation during the first quarter valued at approximately $110,000. Tower Research Capital LLC TRC bought a new stake in Tupperware Brands Corporation during the second quarter valued at approximately $121,000. Ffcm LLC lifted its position in Tupperware Brands Corporation by 146.1% during the second quarter. Ffcm LLC now owns 1,846 shares of the company’s stock valued at $130,000 after purchasing an additional 1,096 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Tupperware Brands Corporation by 9.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,889 shares of the company’s stock valued at $133,000 after purchasing an additional 167 shares during the last quarter. Finally, Mascoma Wealth Management LLC lifted its position in Tupperware Brands Corporation by 5,000.0% during the second quarter. Mascoma Wealth Management LLC now owns 2,142 shares of the company’s stock valued at $150,000 after purchasing an additional 2,100 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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