$601.45 Million in Sales Expected for Tupperware Brands Corporation (TUP) This Quarter
Wall Street analysts expect Tupperware Brands Corporation (NYSE:TUP) to report sales of $601.45 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Tupperware Brands Corporation’s earnings, with estimates ranging from $597.30 million to $605.60 million. Tupperware Brands Corporation posted sales of $600.90 million during the same quarter last year, which would indicate a positive year over year growth rate of 0.1%. The company is scheduled to report its next earnings report on Wednesday, February 7th.
On average, analysts expect that Tupperware Brands Corporation will report full year sales of $601.45 million for the current fiscal year, with estimates ranging from $2.26 billion to $2.27 billion. For the next financial year, analysts anticipate that the firm will post sales of $2.33 billion per share, with estimates ranging from $2.32 billion to $2.34 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow Tupperware Brands Corporation.
Tupperware Brands Corporation (NYSE:TUP) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.09. The business had revenue of $539.50 million for the quarter, compared to the consensus estimate of $538.80 million. Tupperware Brands Corporation had a return on equity of 101.23% and a net margin of 6.18%. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.87 EPS.
Several analysts have weighed in on the company. Zacks Investment Research upgraded Tupperware Brands Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, October 28th. SunTrust Banks, Inc. reiterated a “hold” rating and set a $65.00 price target on shares of Tupperware Brands Corporation in a research note on Friday, October 27th. TheStreet upgraded Tupperware Brands Corporation from a “c” rating to a “b-” rating in a research note on Wednesday, October 25th. ValuEngine upgraded Tupperware Brands Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Finally, Morgan Stanley boosted their price target on Tupperware Brands Corporation from $71.00 to $72.00 and gave the company an “equal weight” rating in a research note on Thursday, October 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Tupperware Brands Corporation currently has a consensus rating of “Hold” and an average price target of $68.33.
TRADEMARK VIOLATION NOTICE: “$601.45 Million in Sales Expected for Tupperware Brands Corporation (TUP) This Quarter” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this news story can be viewed at https://www.thecerbatgem.com/2017/11/17/601-45-million-in-sales-expected-for-tupperware-brands-corporation-tup-this-quarter.html.
Shares of Tupperware Brands Corporation (NYSE TUP) opened at $60.13 on Friday. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.52 and a current ratio of 0.98. The firm has a market capitalization of $3,032.38, a PE ratio of 12.68, a price-to-earnings-growth ratio of 1.05 and a beta of 1.72. Tupperware Brands Corporation has a one year low of $52.32 and a one year high of $74.36.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Wednesday, December 20th will be issued a $0.68 dividend. The ex-dividend date is Tuesday, December 19th. This represents a $2.72 dividend on an annualized basis and a yield of 4.52%. Tupperware Brands Corporation’s payout ratio is 98.91%.
In related news, EVP Thomas M. Roehlk sold 2,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $59.39, for a total value of $118,780.00. Following the completion of the transaction, the executive vice president now owns 10,765 shares of the company’s stock, valued at approximately $639,333.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman E V. Goings sold 44,600 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $59.26, for a total value of $2,642,996.00. Following the completion of the transaction, the chairman now directly owns 54,059 shares of the company’s stock, valued at approximately $3,203,536.34. The disclosure for this sale can be found here. Insiders sold a total of 50,600 shares of company stock valued at $3,001,976 in the last ninety days. 3.22% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cetera Advisor Networks LLC acquired a new position in Tupperware Brands Corporation in the 3rd quarter worth about $201,000. Dana Investment Advisors Inc. raised its holdings in Tupperware Brands Corporation by 23.1% in the 3rd quarter. Dana Investment Advisors Inc. now owns 43,008 shares of the company’s stock worth $2,659,000 after purchasing an additional 8,076 shares during the period. Coldstream Capital Management Inc. acquired a new position in Tupperware Brands Corporation in the 3rd quarter worth about $666,000. California Public Employees Retirement System raised its holdings in Tupperware Brands Corporation by 7.0% in the 3rd quarter. California Public Employees Retirement System now owns 139,788 shares of the company’s stock worth $8,642,000 after purchasing an additional 9,199 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in Tupperware Brands Corporation by 39.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 12,884 shares of the company’s stock worth $797,000 after purchasing an additional 3,647 shares during the period. 85.39% of the stock is owned by institutional investors.
About Tupperware Brands Corporation
Tupperware Brands Corporation is a global direct-to-consumer company. The Company operates through five segments in three geographic regions: Europe (Europe, Africa and the Middle East), Asia Pacific and the Americas. Its segments are Europe, Asia Pacific, Tupperware North America, Beauty North America and South America.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Stock Ratings for Tupperware Brands Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tupperware Brands Corporation and related stocks with our FREE daily email newsletter.