Tupperware Brands Corp. (TUP) Releases Q4 Earnings Guidance
Tupperware Brands Corp. (NYSE:TUP) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.37-1.42 for the period, compared to the Thomson Reuters consensus estimate of $1.40. The company issued revenue guidance of +5-7% to ~$621.6-633.5 million, compared to the consensus revenue estimate of $625.75 million.
Several research firms have issued reports on TUP. B. Riley reaffirmed a neutral rating and issued a $64.00 price target (up previously from $53.00) on shares of Tupperware Brands Corp. in a report on Friday, October 21st. Zacks Investment Research downgraded shares of Tupperware Brands Corp. from a buy rating to a hold rating in a research note on Saturday, October 22nd. TheStreet downgraded shares of Tupperware Brands Corp. from a buy rating to a hold rating in a research note on Friday, October 21st. Piper Jaffray Cos. reissued a neutral rating and set a $61.00 target price (up from $55.00) on shares of Tupperware Brands Corp. in a research note on Friday, July 22nd. Finally, SunTrust Banks Inc. reissued a neutral rating and set a $62.00 target price (up from $57.00) on shares of Tupperware Brands Corp. in a research note on Monday, July 25th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $61.57.
Tupperware Brands Corp. (NYSE:TUP) opened at 58.77 on Wednesday. The stock has a 50 day moving average of $62.24 and a 200-day moving average of $60.49. Tupperware Brands Corp. has a 1-year low of $42.60 and a 1-year high of $66.90. The firm has a market capitalization of $2.97 billion, a P/E ratio of 14.70 and a beta of 1.72.
Tupperware Brands Corp. (NYSE:TUP) last announced its quarterly earnings data on Wednesday, October 19th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.07. Tupperware Brands Corp. had a net margin of 9.20% and a return on equity of 124.54%. The firm had revenue of $521.80 million for the quarter, compared to analysts’ expectations of $528.14 million. During the same period last year, the firm earned $0.79 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities research analysts anticipate that Tupperware Brands Corp. will post $4.34 earnings per share for the current year.
In other Tupperware Brands Corp. news, insider Allan Dando sold 620 shares of the firm’s stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $59.82, for a total value of $37,088.40. Following the transaction, the insider now directly owns 2,863 shares of the company’s stock, valued at $171,264.66. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Thomas M. Roehlk sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $65.84, for a total transaction of $131,680.00. Following the completion of the transaction, the executive vice president now directly owns 35,900 shares in the company, valued at $2,363,656. The disclosure for this sale can be found here. 3.22% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in TUP. Loomis Sayles & Co. L P boosted its position 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 worth $178,000 after buying an additional 3,091 shares during the last quarter. Advisor Group Inc. acquired a new position in shares of Tupperware Brands Corp. during the second quarter worth about $193,000. Paloma Partners Management Co acquired a new position in shares of Tupperware Brands Corp. during the second quarter worth about $210,000. Panagora Asset Management Inc. boosted its position in shares of 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, KCG Holdings Inc. acquired a new position in shares of Tupperware Brands Corp. during the third quarter worth about $327,000. 92.60% of the stock is currently owned by hedge funds and other 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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