Tupperware Brands Co. (TUP) Expected to Post Earnings of $0.83 Per Share

Wall Street brokerages forecast that Tupperware Brands Co. (NYSE:TUP) will post earnings per share (EPS) of $0.83 for the current quarter, according to Zacks. Zero analysts have provided estimates for Tupperware Brands’ earnings. The lowest EPS estimate is $0.81 and the highest is $0.84. Tupperware Brands posted earnings of $1.03 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 19.4%. The firm is expected to issue its next quarterly earnings results on Wednesday, October 24th.

On average, analysts expect that Tupperware Brands will report full-year earnings of $4.26 per share for the current year, with EPS estimates ranging from $4.22 to $4.30. For the next financial year, analysts expect that the business will post earnings of $4.46 per share, with EPS estimates ranging from $4.40 to $4.52. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Tupperware Brands.

Tupperware Brands (NYSE:TUP) last released its quarterly earnings results on Wednesday, July 25th. The company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.05. The business had revenue of $535.40 million during the quarter, compared to analyst estimates of $548.69 million. Tupperware Brands had a negative return on equity of 576.26% and a negative net margin of 8.87%. Tupperware Brands’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.21 EPS.

A number of research firms recently commented on TUP. Argus lowered Tupperware Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, July 31st. Zacks Investment Research lowered Tupperware Brands from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 18th. Four research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $53.20.

NYSE TUP opened at $34.55 on Friday. The firm has a market capitalization of $1.73 billion, a P/E ratio of 7.14, a P/E/G ratio of 0.68 and a beta of 1.36. Tupperware Brands has a 12 month low of $31.08 and a 12 month high of $66.26. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of -3.44.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 4th. Stockholders of record on Wednesday, September 19th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 7.87%. The ex-dividend date is Tuesday, September 18th. Tupperware Brands’s dividend payout ratio is presently 56.20%.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Tupperware Brands by 23.8% during the 2nd quarter. BlackRock Inc. now owns 6,906,507 shares of the company’s stock valued at $284,824,000 after purchasing an additional 1,326,438 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in shares of Tupperware Brands by 12.7% during the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 1,440,426 shares of the company’s stock worth $59,403,000 after acquiring an additional 161,947 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Tupperware Brands by 3.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,100,328 shares of the company’s stock worth $45,377,000 after acquiring an additional 39,623 shares during the period. Vulcan Value Partners LLC grew its stake in shares of Tupperware Brands by 110.9% during the 2nd quarter. Vulcan Value Partners LLC now owns 991,383 shares of the company’s stock worth $40,885,000 after acquiring an additional 521,386 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Tupperware Brands by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 970,151 shares of the company’s stock worth $46,936,000 after acquiring an additional 4,591 shares during the period. 85.34% of the stock is owned by hedge funds and other institutional investors.

Tupperware Brands Company Profile

Tupperware Brands Corporation operates as a direct-to-consumer marketer of various products across a range of brands and categories in Europe, Africa, the Middle East, the Asia Pacific, North America, and South America. The company engages in the manufacture and sale of design-centric preparation, storage, and serving solutions for the kitchen and home, as well as a line of cookware, knives, microwave products, microfiber textiles, water-filtration related items, and an array of products for on-the-go consumers under the Tupperware brand name.

Featured Story: Google Finance

Get a free copy of the Zacks research report on Tupperware Brands (TUP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Tupperware Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tupperware Brands and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply