$604.50 Million in Sales Expected for Tupperware Brands Co. (TUP) This Quarter
Analysts expect that Tupperware Brands Co. (NYSE:TUP) will post sales of $604.50 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Tupperware Brands’ earnings, with estimates ranging from $603.40 million to $605.60 million. Tupperware Brands reported sales of $600.90 million during the same quarter last year, which would indicate a positive year over year growth rate of 0.6%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, February 7th.
On average, analysts expect that Tupperware Brands will report full-year sales of $604.50 million for the current year. For the next fiscal year, analysts forecast that the company will post sales of $2.34 billion per share, with estimates ranging from $2.33 billion to $2.35 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Tupperware Brands.
Tupperware Brands (NYSE:TUP) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $1.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.09. The firm had revenue of $539.50 million for the quarter, compared to analyst estimates of $538.80 million. Tupperware Brands had a net margin of 6.18% and a return on equity of 101.23%. Tupperware Brands’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the company posted $0.87 EPS.
TUP has been the topic of a number of research reports. Zacks Investment Research lowered shares of Tupperware Brands from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Morgan Stanley raised their target price on shares of Tupperware Brands from $71.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 26th. KeyCorp reissued a “hold” rating on shares of Tupperware Brands in a research note on Thursday, October 12th. ValuEngine lowered shares of Tupperware Brands from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, SunTrust Banks reissued a “hold” rating and issued a $65.00 target price on shares of Tupperware Brands in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $68.83.
In related news, Chairman E V. Goings sold 44,600 shares of Tupperware Brands stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $59.26, for a total value of $2,642,996.00. Following the completion of the sale, the chairman now owns 54,059 shares in the company, valued at approximately $3,203,536.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas M. Roehlk sold 2,000 shares of Tupperware Brands stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $59.39, for a total transaction of $118,780.00. Following the completion of the sale, the executive vice president now owns 10,765 shares of the company’s stock, valued at approximately $639,333.35. The disclosure for this sale can be found here. Insiders have sold a total of 50,600 shares of company stock valued at $3,009,036 in the last 90 days. Insiders own 3.22% of the company’s stock.
A number of institutional investors have recently bought and sold shares of TUP. Steward Partners Investment Advisory LLC acquired a new stake in Tupperware Brands in the 3rd quarter valued at approximately $102,000. Tower Research Capital LLC TRC acquired a new stake in Tupperware Brands in the 2nd quarter valued at approximately $121,000. Ffcm LLC increased its holdings in Tupperware Brands by 146.1% in the 2nd quarter. Ffcm LLC now owns 1,846 shares of the company’s stock valued at $130,000 after purchasing an additional 1,096 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Tupperware Brands by 9.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,889 shares of the company’s stock valued at $133,000 after purchasing an additional 167 shares during the last quarter. Finally, Mckinley Capital Management LLC Delaware increased its holdings in Tupperware Brands by 1,157.7% in the 3rd quarter. Mckinley Capital Management LLC Delaware now owns 2,440 shares of the company’s stock valued at $151,000 after purchasing an additional 2,246 shares during the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.
Shares of Tupperware Brands (NYSE TUP) traded up $0.58 during trading on Friday, reaching $62.34. 312,065 shares of the company were exchanged, compared to its average volume of 430,768. The stock has a market cap of $3,142.81, a price-to-earnings ratio of 22.67, a PEG ratio of 1.08 and a beta of 1.75. Tupperware Brands has a 1 year low of $52.39 and a 1 year high of $74.36. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.52.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Wednesday, December 20th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 4.36%. Tupperware Brands’s dividend payout ratio is currently 98.91%.
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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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