Tupperware Brands Co. to Post Q1 2018 Earnings of $1.03 Per Share, KeyCorp Forecasts (TUP)

Tupperware Brands Co. (NYSE:TUP) – KeyCorp reduced their Q1 2018 earnings estimates for shares of Tupperware Brands in a research note issued on Tuesday. KeyCorp analyst J. Gere now anticipates that the company will earn $1.03 per share for the quarter, down from their prior forecast of $1.04. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Tupperware Brands’ Q2 2018 earnings at $1.24 EPS, FY2018 earnings at $5.10 EPS, Q1 2019 earnings at $1.12 EPS, Q2 2019 earnings at $1.34 EPS, Q3 2019 earnings at $1.20 EPS, Q4 2019 earnings at $1.77 EPS and FY2019 earnings at $5.42 EPS.

Tupperware Brands (NYSE:TUP) last issued its quarterly earnings results on Wednesday, January 31st. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.50 by $0.09. The company had revenue of $588.60 million for the quarter, compared to the consensus estimate of $601.99 million. Tupperware Brands had a negative net margin of 11.77% and a positive return on equity of 159.90%. The firm’s revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.45 EPS.

Other equities research analysts have also recently issued reports about the stock. TheStreet raised shares of Tupperware Brands from a “c” rating to a “b-” rating in a research report on Wednesday, October 25th. Zacks Investment Research raised shares of Tupperware Brands from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research report on Saturday, January 20th. ValuEngine raised shares of Tupperware Brands from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th. Morgan Stanley upped their price target on shares of Tupperware Brands from $71.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 26th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $65.00 price target on shares of Tupperware Brands in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. Tupperware Brands has a consensus rating of “Hold” and a consensus target price of $67.67.

Tupperware Brands (NYSE TUP) opened at $50.11 on Thursday. The company has a market cap of $2,550.00, a PE ratio of -9.62, a P/E/G ratio of 0.83 and a beta of 1.49. Tupperware Brands has a fifty-two week low of $50.02 and a fifty-two week high of $74.36. The company has a current ratio of 1.06, a quick ratio of 0.52 and a debt-to-equity ratio of -5.19.

A number of large investors have recently bought and sold shares of TUP. Huber Capital Management LLC lifted its position in Tupperware Brands by 44.3% during the third quarter. Huber Capital Management LLC now owns 904,724 shares of the company’s stock valued at $55,930,000 after acquiring an additional 277,660 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Tupperware Brands during the 4th quarter valued at approximately $10,262,000. Strs Ohio acquired a new position in Tupperware Brands during the 3rd quarter valued at approximately $6,182,000. JPMorgan Chase & Co. increased its stake in Tupperware Brands by 90.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 191,578 shares of the company’s stock valued at $11,730,000 after purchasing an additional 91,088 shares in the last quarter. Finally, Twin Capital Management Inc. acquired a new position in Tupperware Brands during the 3rd quarter valued at approximately $4,951,000. 84.12% of the stock is owned by institutional investors.

In related news, EVP Thomas M. Roehlk sold 2,000 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $62.43, for a total transaction of $124,860.00. Following the completion of the sale, the executive vice president now owns 6,765 shares of the company’s stock, valued at $422,338.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.22% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Investors of record on Tuesday, March 20th will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Monday, March 19th. This represents a $2.72 dividend on an annualized basis and a yield of 5.43%. Tupperware Brands’s payout ratio is -52.21%.

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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.

Earnings History and Estimates for Tupperware Brands (NYSE:TUP)

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