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.
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