$0.91 Earnings Per Share Expected for Tupperware Brands Co. (TUP) This Quarter
Equities research analysts forecast that Tupperware Brands Co. (NYSE:TUP) will announce $0.91 earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Tupperware Brands’ earnings. Tupperware Brands also posted earnings of $0.91 per share in the same quarter last year. The firm is scheduled to issue its next earnings results on Wednesday, April 24th.
According to Zacks, analysts expect that Tupperware Brands will report full-year earnings of $4.25 per share for the current financial year, with EPS estimates ranging from $4.09 to $4.40. For the next year, analysts anticipate that the company will post earnings of $4.28 per share. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Tupperware Brands.
Tupperware Brands (NYSE:TUP) last announced its quarterly earnings data on Wednesday, January 30th. The company reported $1.33 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.33. Tupperware Brands had a negative return on equity of 114.53% and a net margin of 7.53%. The business had revenue of $505.90 million for the quarter, compared to the consensus estimate of $550.53 million. During the same period in the previous year, the business earned $1.59 earnings per share. The business’s revenue was down 14.1% on a year-over-year basis.
In other news, Director Kriss Cloninger III bought 3,500 shares of Tupperware Brands stock in a transaction dated Friday, February 1st. The shares were purchased at an average cost of $27.32 per share, with a total value of $95,620.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman E V. Goings bought 3,700 shares of Tupperware Brands stock in a transaction dated Friday, February 8th. The stock was purchased at an average cost of $26.92 per share, for a total transaction of $99,604.00. Following the completion of the acquisition, the chairman now directly owns 51,243 shares of the company’s stock, valued at approximately $1,379,461.56. The disclosure for this purchase can be found here. Insiders bought 10,887 shares of company stock worth $295,068 over the last ninety days. Insiders own 3.42% of the company’s stock.
Several hedge funds have recently modified their holdings of TUP. Geode Capital Management LLC increased its stake in Tupperware Brands by 4.1% during the fourth quarter. Geode Capital Management LLC now owns 522,256 shares of the company’s stock worth $16,487,000 after acquiring an additional 20,654 shares during the last quarter. Norges Bank bought a new stake in Tupperware Brands during the fourth quarter worth approximately $18,910,000. Dimensional Fund Advisors LP increased its stake in Tupperware Brands by 14.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,029,303 shares of the company’s stock worth $32,495,000 after acquiring an additional 126,607 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in Tupperware Brands by 244.1% during the fourth quarter. Public Employees Retirement System of Ohio now owns 19,650 shares of the company’s stock worth $620,000 after acquiring an additional 13,939 shares during the last quarter. Finally, Millennium Management LLC increased its stake in Tupperware Brands by 272.9% during the fourth quarter. Millennium Management LLC now owns 391,131 shares of the company’s stock worth $12,348,000 after acquiring an additional 286,248 shares during the last quarter. 83.88% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Tupperware Brands stock opened at $26.37 on Wednesday. Tupperware Brands has a 52 week low of $26.22 and a 52 week high of $48.89. The stock has a market capitalization of $1.32 billion, a PE ratio of 6.13, a price-to-earnings-growth ratio of 0.55 and a beta of 0.86.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Wednesday, March 20th will be issued a $0.27 dividend. The ex-dividend date is Tuesday, March 19th. This represents a $1.08 annualized dividend and a dividend yield of 4.10%. Tupperware Brands’s dividend payout ratio (DPR) is 63.26%.
About Tupperware Brands
Tupperware Brands Corporation operates as a direct-to-consumer marketer of various products across a range of brands and categories in Europe, Africa, the Middle East, the Asia Pacific, North America, and South America. The company engages in the manufacture and sale of design-centric preparation, storage, and serving solutions for the kitchen and home, as well as a line of cookware, knives, microwave products, microfiber textiles, water-filtration related items, and an array of products for on-the-go consumers under the Tupperware brand name.
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