Tupperware Brands Corp. (NYSE:TUP) issued its quarterly earnings results on Wednesday. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.07. Tupperware Brands Corp. had a return on equity of 134.49% and a net margin of 8.63%. The firm had revenue of $521.80 million for the quarter, compared to analyst estimates of $528.14 million.

Shares of Tupperware Brands Corp. (NYSE:TUP) opened at 64.57 on Wednesday. Tupperware Brands Corp. has a 52 week low of $42.60 and a 52 week high of $66.90. The company’s 50-day moving average price is $64.59 and its 200 day moving average price is $60.45. The company has a market cap of $3.26 billion, a P/E ratio of 17.17 and a beta of 1.50.

Earnings History for Tupperware Brands Corp. (NYSE:TUP)

The firm also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Tuesday, September 20th were paid a dividend of $0.68 per share. The ex-dividend date was Friday, September 16th. This represents a $2.72 annualized dividend and a yield of 4.21%. Tupperware Brands Corp.’s payout ratio is 72.34%.

TUP has been the topic of several research analyst reports. Zacks Investment Research raised Tupperware Brands Corp. from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research note on Wednesday, September 21st. TheStreet raised Tupperware Brands Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, June 23rd. SunTrust Banks Inc. reaffirmed a “neutral” rating and issued a $62.00 price objective (up from $57.00) on shares of Tupperware Brands Corp. in a research note on Monday, July 25th. Piper Jaffray Cos. reaffirmed a “neutral” rating and issued a $61.00 price objective (up from $55.00) on shares of Tupperware Brands Corp. in a research note on Friday, July 22nd. Finally, B. Riley reaffirmed a “neutral” rating and issued a $53.00 price objective on shares of Tupperware Brands Corp. in a research note on Monday, July 25th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $60.00.

In other Tupperware Brands Corp. news, insider Asha Gupta sold 400 shares of Tupperware Brands Corp. stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $62.65, for a total value of $25,060.00. Following the sale, the insider now owns 15,400 shares of the company’s stock, valued at approximately $964,810. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Angel R. Martinez sold 10,000 shares of Tupperware Brands Corp. stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $62.23, for a total value of $622,300.00. Following the completion of the sale, the director now directly owns 28,439 shares in the company, valued at approximately $1,769,758.97. The disclosure for this sale can be found here. Corporate insiders own 3.22% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in TUP. BlackRock Fund Advisors increased its stake in Tupperware Brands Corp. by 7.0% in the second quarter. BlackRock Fund Advisors now owns 6,020,016 shares of the company’s stock valued at $338,807,000 after buying an additional 394,548 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Tupperware Brands Corp. by 7.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,772,842 shares of the company’s stock worth $99,776,000 after buying an additional 116,990 shares in the last quarter. American Century Companies Inc. increased its stake in Tupperware Brands Corp. by 14.9% in the second quarter. American Century Companies Inc. now owns 1,029,502 shares of the company’s stock worth $57,940,000 after buying an additional 133,614 shares in the last quarter. Champlain Investment Partners LLC increased its stake in Tupperware Brands Corp. by 2.6% in the second quarter. Champlain Investment Partners LLC now owns 349,555 shares of the company’s stock worth $19,673,000 after buying an additional 8,725 shares in the last quarter. Finally, BlackRock Investment Management LLC increased its stake in Tupperware Brands Corp. by 1.8% in the second quarter. BlackRock Investment Management LLC now owns 316,223 shares of the company’s stock worth $17,797,000 after buying an additional 5,671 shares in the last quarter. 92.19% of the stock is currently owned by hedge funds and other institutional investors.

About Tupperware Brands Corp.

Tupperware Brands Corporation is engaged in the manufacture and sale of Tupperware products, and cosmetics and personal care products. The Company’s segments are Europe, Asia Pacific, Tupperware North America, Beauty North America and South America. The Europe, Asia Pacific and Tupperware North America segments include design-centric preparation, storage and serving solutions for the kitchen and home through the Tupperware brand.

5 Day Chart for NYSE:TUP

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