Tupperware Brands Co. (NYSE:TUP) – KeyCorp increased their Q1 2018 earnings estimates for shares of Tupperware Brands in a note issued to investors on Wednesday. KeyCorp analyst J. Gere now forecasts that the company will earn $1.13 per share for the quarter, up from their prior forecast of $1.12. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Tupperware Brands’ Q2 2018 earnings at $1.34 EPS, Q3 2018 earnings at $1.14 EPS, Q4 2018 earnings at $1.69 EPS and FY2018 earnings at $5.30 EPS.

Tupperware Brands (NYSE:TUP) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.94 by $0.09. The company 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.87 EPS.

Several other research firms have also recently commented on TUP. Zacks Investment Research upgraded Tupperware Brands from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a report on Wednesday, December 13th. Morgan Stanley lifted their price objective on Tupperware Brands from $71.00 to $72.00 and gave the company an “equal weight” rating in a research note on Thursday, October 26th. ValuEngine raised Tupperware Brands from a “hold” rating to a “buy” rating in a research note on Thursday. Citigroup lifted their price objective on Tupperware Brands from $67.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, October 2nd. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $65.00 price objective on shares of Tupperware Brands in a research note on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Tupperware Brands has a consensus rating of “Hold” and an average target price of $68.83.

Tupperware Brands (NYSE:TUP) traded down $0.52 on Friday, reaching $62.37. The company’s stock had a trading volume of 460,900 shares, compared to its average volume of 435,867. The company has a quick ratio of 0.52, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. The stock has a market cap of $3,200.31, a PE ratio of 22.68, a price-to-earnings-growth ratio of 1.02 and a beta of 1.75. Tupperware Brands has a 52 week low of $53.65 and a 52 week high of $74.36.

Institutional investors have recently added to or reduced their stakes in the stock. First Allied Advisory Services Inc. raised its position in shares of Tupperware Brands by 1.2% in the 2nd quarter. First Allied Advisory Services Inc. now owns 5,793 shares of the company’s stock valued at $405,000 after purchasing an additional 66 shares in the last quarter. State of Wisconsin Investment Board raised its position in shares of Tupperware Brands by 0.7% in the 2nd quarter. State of Wisconsin Investment Board now owns 10,073 shares of the company’s stock valued at $707,000 after purchasing an additional 70 shares in the last quarter. Raymond James Trust N.A. raised its position in shares of Tupperware Brands by 3.4% in the 2nd quarter. Raymond James Trust N.A. now owns 3,794 shares of the company’s stock valued at $266,000 after purchasing an additional 124 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Tupperware Brands by 9.7% in the 2nd 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 in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in shares of Tupperware Brands by 0.3% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 67,679 shares of the company’s stock valued at $4,753,000 after purchasing an additional 203 shares in the last quarter. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Chairman E V. Goings sold 44,600 shares of the business’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 transaction, the chairman now directly owns 54,059 shares of the company’s stock, valued at approximately $3,203,536.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thomas M. Roehlk sold 2,000 shares of the business’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 transaction, the executive vice president now directly owns 10,765 shares in the company, valued at $639,333.35. The disclosure for this sale can be found here. Insiders sold a total of 50,600 shares of company stock worth $3,010,776 over the last ninety days. Corporate insiders own 3.22% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Wednesday, December 20th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 4.36%. 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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About Tupperware Brands

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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