$1.50 EPS Expected for Tupperware Brands Co. (TUP) This Quarter
Wall Street brokerages expect Tupperware Brands Co. (NYSE:TUP) to post earnings per share (EPS) of $1.50 for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Tupperware Brands’ earnings, with the highest EPS estimate coming in at $1.52 and the lowest estimate coming in at $1.48. Tupperware Brands posted earnings per share of $1.45 during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.4%. The company is scheduled to announce its next quarterly earnings results on Wednesday, February 7th.
According to Zacks, analysts expect that Tupperware Brands will report full-year earnings of $4.73 per share for the current financial year, with EPS estimates ranging from $4.68 to $4.75. For the next financial year, analysts expect that the company will post earnings of $5.12 per share, with EPS estimates ranging from $4.95 to $5.28. Zacks’ EPS calculations are a mean average based on a survey of analysts that follow Tupperware Brands.
Tupperware Brands (NYSE:TUP) last posted its earnings results on Wednesday, October 25th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.09. The firm had revenue of $539.50 million during the quarter, compared to analysts’ expectations of $538.80 million. Tupperware Brands had a return on equity of 101.23% and a net margin of 6.18%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.87 earnings per share.
In other news, Chairman E V. Goings sold 44,600 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $59.26, for a total transaction of $2,642,996.00. Following the completion of the sale, the chairman now owns 54,059 shares in the company, valued at $3,203,536.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas M. Roehlk sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $59.39, for a total value of $118,780.00. Following the sale, the executive vice president now owns 10,765 shares of the company’s stock, valued at approximately $639,333.35. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,600 shares of company stock valued at $2,884,896. 3.22% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC acquired a new position in Tupperware Brands during the third quarter worth $102,000. Tower Research Capital LLC TRC acquired a new position in Tupperware Brands during the second quarter worth $121,000. Ffcm LLC grew its holdings in Tupperware Brands by 146.1% during the second quarter. Ffcm LLC now owns 1,846 shares of the company’s stock worth $130,000 after acquiring an additional 1,096 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Tupperware Brands by 9.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,889 shares of the company’s stock worth $133,000 after acquiring an additional 167 shares during the period. Finally, Mckinley Capital Management LLC Delaware grew its holdings in Tupperware Brands by 1,157.7% during the third quarter. Mckinley Capital Management LLC Delaware now owns 2,440 shares of the company’s stock worth $151,000 after acquiring an additional 2,246 shares during the period. Institutional investors and hedge funds own 83.98% of the company’s stock.
Shares of Tupperware Brands (NYSE TUP) opened at $61.90 on Monday. The firm has a market capitalization of $3,149.91, a P/E ratio of 13.17, a P/E/G ratio of 1.09 and a beta of 1.75. Tupperware Brands has a 52 week low of $52.32 and a 52 week high of $74.36. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.52 and a current ratio of 0.98.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Wednesday, December 20th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date of this dividend is Tuesday, December 19th. Tupperware Brands’s dividend payout ratio is currently 98.91%.
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Tupperware Brands 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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