Tupperware Brands Corp. (NYSE:TUP) posted its quarterly earnings results on Wednesday. The company reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.07. Tupperware Brands Corp. had a net margin of 8.63% and a return on equity of 134.49%.

Shares of Tupperware Brands Corp. (NYSE:TUP) opened at 64.57 on Wednesday. The stock has a 50 day moving average of $64.59 and a 200 day moving average of $60.45. Tupperware Brands Corp. has a 1-year low of $42.60 and a 1-year high of $66.90. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 17.17 and a beta of 1.50.

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

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

TUP has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Tupperware Brands Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, June 22nd. TheStreet raised shares of Tupperware Brands Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, June 23rd. Piper Jaffray Cos. reissued a “neutral” rating and set a $61.00 price target (up from $55.00) on shares of Tupperware Brands Corp. in a research note on Friday, July 22nd. SunTrust Banks Inc. reissued a “neutral” rating and set a $62.00 price target (up from $57.00) on shares of Tupperware Brands Corp. in a research note on Monday, July 25th. Finally, B. Riley reissued a “neutral” rating and set a $53.00 price target on shares of Tupperware Brands Corp. in a research note on Monday, July 25th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $60.00.

In other Tupperware Brands Corp. news, Chairman E V. Goings sold 150,000 shares of the company’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $62.50, for a total value of $9,375,000.00. Following the completion of the sale, the chairman now owns 54,456 shares of the company’s stock, valued at $3,403,500. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Angel R. Martinez sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The stock was 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 of the company’s stock, valued at approximately $1,769,758.97. The disclosure for this sale can be found here. 3.22% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of the company. Loomis Sayles & Co. L P raised its stake in shares of Tupperware Brands Corp. by 4,479.7% in the second quarter. Loomis Sayles & Co. L P now owns 3,160 shares of the company’s stock valued at $178,000 after buying an additional 3,091 shares in the last quarter. Advisor Group Inc. purchased a new stake in shares of Tupperware Brands Corp. during the second quarter valued at about $193,000. Paloma Partners Management Co bought a new stake in Tupperware Brands Corp. during the second quarter worth $210,000. Panagora Asset Management Inc. raised its stake in Tupperware Brands Corp. by 36.1% in the second quarter. Panagora Asset Management Inc. now owns 4,900 shares of the company’s stock worth $276,000 after buying an additional 1,300 shares during the period. Finally, Banced Corp bought a new stake in Tupperware Brands Corp. during the second quarter worth $294,000. 92.19% of the stock is owned by institutional investors and hedge funds.

Tupperware Brands Corp. Company Profile

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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