Tupperware Brands Co. to Post Q1 2018 Earnings of $1.03 Per Share, KeyCorp Forecasts (TUP)
Tupperware Brands Co. (NYSE:TUP) – Equities researchers at KeyCorp lowered their Q1 2018 EPS estimates for shares of Tupperware Brands in a report issued on Tuesday. KeyCorp analyst J. Gere now expects that the company will earn $1.03 per share for the quarter, down from their prior estimate of $1.04. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Tupperware Brands’ Q2 2018 earnings at $1.24 EPS, FY2018 earnings at $5.10 EPS, Q1 2019 earnings at $1.12 EPS, Q2 2019 earnings at $1.34 EPS, Q3 2019 earnings at $1.20 EPS, Q4 2019 earnings at $1.77 EPS and FY2019 earnings at $5.42 EPS.
Tupperware Brands (NYSE:TUP) last announced its earnings results on Wednesday, January 31st. The company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.09. The business had revenue of $588.60 million for the quarter, compared to analysts’ expectations of $601.99 million. Tupperware Brands had a negative net margin of 11.77% and a positive return on equity of 159.90%. The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.45 EPS.
Tupperware Brands (TUP) opened at $50.11 on Thursday. The company has a market cap of $2,550.00, a price-to-earnings ratio of -9.62, a PEG ratio of 0.83 and a beta of 1.49. Tupperware Brands has a 1-year low of $50.02 and a 1-year high of $74.36. The company has a debt-to-equity ratio of -5.19, a current ratio of 1.06 and a quick ratio of 0.52.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Tuesday, March 20th will be paid a $0.68 dividend. The ex-dividend date is Monday, March 19th. This represents a $2.72 annualized dividend and a yield of 5.43%. Tupperware Brands’s dividend payout ratio is currently -52.21%.
In other Tupperware Brands news, EVP Thomas M. Roehlk sold 2,000 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $62.43, for a total value of $124,860.00. Following the transaction, the executive vice president now directly owns 6,765 shares of the company’s stock, valued at approximately $422,338.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.22% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in TUP. Huber Capital Management LLC increased its stake in Tupperware Brands by 44.3% in the 3rd quarter. Huber Capital Management LLC now owns 904,724 shares of the company’s stock valued at $55,930,000 after buying an additional 277,660 shares during the period. Assenagon Asset Management S.A. acquired a new position in Tupperware Brands in the 4th quarter valued at $10,262,000. Strs Ohio acquired a new position in Tupperware Brands in the 3rd quarter valued at $6,182,000. JPMorgan Chase & Co. increased its stake in Tupperware Brands by 90.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 191,578 shares of the company’s stock valued at $11,730,000 after buying an additional 91,088 shares during the period. Finally, Twin Capital Management Inc. acquired a new position in Tupperware Brands in the 3rd quarter valued at $4,951,000. 84.12% of the stock is currently owned by institutional investors.
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About Tupperware Brands
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.
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