Tupperware Brands Corp. (TUP) Updates Q4 Earnings Guidance
Tupperware Brands Corp. (NYSE:TUP) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.34-1.42 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.44. The company issued revenue guidance of +5-7% to ~$621.6-633.5, compared to the consensus revenue estimate of $626.56 million.
Tupperware Brands Corp. (NYSE:TUP) opened at 64.57 on Wednesday. The stock has a market capitalization of $3.26 billion, a PE ratio of 17.17 and a beta of 1.50. Tupperware Brands Corp. has a 12-month low of $42.60 and a 12-month high of $66.90. The company’s 50-day moving average is $64.59 and its 200 day moving average is $60.45.
Tupperware Brands Corp. (NYSE:TUP) last posted its quarterly earnings results on Wednesday, October 19th. The company reported $0.87 EPS for the quarter, beating 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%. The company earned $521.80 million during the quarter, compared to analyst estimates of $528.34 million. During the same period in the prior year, the business posted $0.79 EPS. The firm’s revenue was up .2% compared to the same quarter last year. On average, equities research analysts expect that Tupperware Brands Corp. will post $4.32 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Tuesday, September 20th were issued a dividend of $0.68 per share. The ex-dividend date was Friday, September 16th. This represents a $2.72 dividend on an annualized basis and a yield of 4.21%. Tupperware Brands Corp.’s dividend payout ratio is currently 72.34%.
A number of equities research analysts recently commented on TUP shares. Zacks Investment Research upgraded shares of Tupperware Brands Corp. from a sell rating to a hold rating in a report on Wednesday, August 3rd. B. Riley restated a neutral rating and issued a $53.00 price objective on shares of Tupperware Brands Corp. in a report on Monday, July 25th. Piper Jaffray Cos. restated a neutral rating and issued a $61.00 price objective on shares of Tupperware Brands Corp. in a report on Thursday, August 4th. SunTrust Banks Inc. restated a neutral rating and issued a $62.00 price objective (up from $57.00) on shares of Tupperware Brands Corp. in a report on Monday, July 25th. Finally, TheStreet upgraded shares of Tupperware Brands Corp. from a hold rating to a buy rating in a report on Thursday, June 23rd. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $60.00.
In related news, EVP Thomas M. Roehlk sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $62.50, for a total value of $125,000.00. Following the transaction, the executive vice president now owns 39,900 shares of the company’s stock, valued at $2,493,750. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Angel R. Martinez sold 10,000 shares of the firm’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 transaction of $622,300.00. Following the completion of the transaction, 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. Insiders own 3.22% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Loomis Sayles & Co. L P increased its position in 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 worth $178,000 after buying an additional 3,091 shares during the last quarter. Advisor Group Inc. acquired a new position in Tupperware Brands Corp. during the second quarter worth about $193,000. Paloma Partners Management Co acquired a new position in Tupperware Brands Corp. during the second quarter worth about $210,000. Panagora Asset Management Inc. increased its position 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 last quarter. Finally, Catalyst Capital Advisors LLC acquired a new position in Tupperware Brands Corp. during the second quarter worth about $304,000. 92.19% of the stock is currently owned by institutional investors.
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.
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