Analysts expect that Tupperware Brands Co. (NYSE:TUP) will post sales of $565.65 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Tupperware Brands’ earnings, with estimates ranging from $563.30 million to $568.00 million. Tupperware Brands reported sales of $554.80 million during the same quarter last year, which would indicate a positive year over year growth rate of 2%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, April 24th.
On average, analysts expect that Tupperware Brands will report full-year sales of $565.65 million for the current year, with estimates ranging from $2.33 billion to $2.34 billion. For the next fiscal year, analysts forecast that the company will post sales of $2.40 billion per share, with estimates ranging from $2.39 billion to $2.41 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Tupperware Brands.
Tupperware Brands (NYSE:TUP) last posted its earnings results on Wednesday, January 31st. The company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.09. The company had revenue of $588.60 million during the quarter, compared to analyst estimates of $601.99 million. Tupperware Brands had a positive return on equity of 159.90% and a negative net margin of 11.77%. Tupperware Brands’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.45 earnings per share.
In other news, EVP Thomas M. Roehlk sold 2,000 shares of the stock in a transaction on Tuesday, January 2nd. The stock was 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 in the company, valued at approximately $422,338.95. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 3.22% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Ameritas Investment Partners Inc. lifted its holdings in shares of Tupperware Brands by 1.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 16,180 shares of the company’s stock valued at $1,136,000 after purchasing an additional 244 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Tupperware Brands by 0.5% during the 2nd quarter. Royal Bank of Canada now owns 55,120 shares of the company’s stock valued at $3,872,000 after purchasing an additional 273 shares during the last quarter. Cubist Systematic Strategies LLC lifted its holdings in shares of Tupperware Brands by 16.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 3,953 shares of the company’s stock valued at $278,000 after purchasing an additional 556 shares during the last quarter. Northwest Investment Counselors LLC lifted its holdings in shares of Tupperware Brands by 3.0% during the 3rd quarter. Northwest Investment Counselors LLC now owns 28,662 shares of the company’s stock valued at $1,772,000 after purchasing an additional 829 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its position in shares of Tupperware Brands by 2.0% in the 3rd quarter. Mutual of America Capital Management LLC now owns 42,380 shares of the company’s stock valued at $2,620,000 after acquiring an additional 851 shares during the period. Hedge funds and other institutional investors own 84.12% of the company’s stock.
Shares of Tupperware Brands (NYSE TUP) opened at $50.89 on Monday. The company has a current ratio of 1.06, a quick ratio of 0.52 and a debt-to-equity ratio of -5.19. The firm has a market capitalization of $2,589.64, a price-to-earnings ratio of -9.77, a price-to-earnings-growth ratio of 0.82 and a beta of 1.49. Tupperware Brands has a twelve month low of $49.04 and a twelve month high of $74.36.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 5th. Stockholders of record on Tuesday, March 20th will be issued a dividend of $0.68 per share. The ex-dividend date is Monday, March 19th. This represents a $2.72 annualized dividend and a dividend yield of 5.34%. Tupperware Brands’s dividend payout ratio is presently -52.21%.
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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