FY2017 EPS Estimates for Tupperware Brands Corporation Cut by KeyCorp (TUP)
Tupperware Brands Corporation (NYSE:TUP) – Stock analysts at KeyCorp dropped their FY2017 earnings per share estimates for Tupperware Brands Corporation in a research report issued on Sunday. KeyCorp analyst J. Gere now anticipates that the company will post earnings per share of $4.68 for the year, down from their previous forecast of $4.71. KeyCorp also issued estimates for Tupperware Brands Corporation’s Q4 2017 earnings at $1.50 EPS.
Tupperware Brands Corporation (NYSE:TUP) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $572.90 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. ILLEGAL ACTIVITY WARNING: This news story was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/10/11/fy2017-eps-estimates-for-tupperware-brands-corporation-cut-by-keycorp-tup.html.
A number of other equities analysts have also recently issued reports on the stock. Citigroup Inc. lifted their target price on shares of Tupperware Brands Corporation from $67.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, October 2nd. Zacks Investment Research cut shares of Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 29th. ValuEngine cut shares of Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. TheStreet cut shares of Tupperware Brands Corporation from a “b-” rating to a “c” rating in a research report on Thursday, August 10th. Finally, BidaskClub cut shares of Tupperware Brands Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $68.25.
Shares of Tupperware Brands Corporation (NYSE TUP) opened at 61.46 on Wednesday. Tupperware Brands Corporation has a 52 week low of $52.32 and a 52 week high of $74.36. The stock has a market cap of $3.13 billion, a PE ratio of 19.88 and a beta of 1.64. The company’s 50-day moving average is $59.32 and its 200 day moving average is $65.33.
The company also recently declared a quarterly dividend, which was paid on Thursday, October 5th. Stockholders of record on Wednesday, September 20th were issued a dividend of $0.68 per share. The ex-dividend date was Tuesday, September 19th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 4.43%. Tupperware Brands Corporation’s dividend payout ratio (DPR) is presently 87.74%.
In other news, EVP Thomas M. Roehlk sold 2,000 shares of Tupperware Brands Corporation stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $58.54, for a total transaction of $117,080.00. Following the completion of the sale, the executive vice president now directly owns 14,765 shares in the company, valued at $864,343.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders have sold 6,000 shares of company stock valued at $361,180. Insiders own 3.14% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of TUP. BlackRock Inc. grew its holdings in shares of Tupperware Brands Corporation by 15,657.3% during the first quarter. BlackRock Inc. now owns 8,529,559 shares of the company’s stock worth $534,973,000 after buying an additional 8,475,428 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Tupperware Brands Corporation by 143.0% during the second quarter. Principal Financial Group Inc. now owns 1,127,248 shares of the company’s stock worth $79,167,000 after buying an additional 663,454 shares in the last quarter. Teachers Advisors LLC grew its holdings in shares of Tupperware Brands Corporation by 439.0% during the second quarter. Teachers Advisors LLC now owns 277,596 shares of the company’s stock worth $19,496,000 after buying an additional 226,091 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Tupperware Brands Corporation by 5.1% during the first quarter. Vanguard Group Inc. now owns 4,499,696 shares of the company’s stock worth $282,221,000 after buying an additional 218,186 shares in the last quarter. Finally, Artemis Investment Management LLP purchased a new stake in shares of Tupperware Brands Corporation during the second quarter worth about $9,966,000. Institutional investors and hedge funds own 84.98% 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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