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.
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.
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