Tupperware Brands (NYSE:TUP) Announces Quarterly Earnings Results
Tupperware Brands (NYSE:TUP) posted its quarterly earnings data on Wednesday. The company reported $0.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.70, MarketWatch Earnings reports. Tupperware Brands had a negative return on equity of 13.18% and a negative net margin of 1.92%. The firm had revenue of $397.40 million for the quarter, compared to analysts’ expectations of $312.55 million. During the same period in the previous year, the firm earned $0.83 EPS. The business’s quarterly revenue was down 16.4% on a year-over-year basis.
Shares of TUP traded down $0.36 during midday trading on Thursday, hitting $15.79. 3,958,043 shares of the stock were exchanged, compared to its average volume of 3,563,216. Tupperware Brands has a 52-week low of $1.15 and a 52-week high of $16.94. The stock has a fifty day simple moving average of $6.18 and a 200 day simple moving average of $4.53. The firm has a market cap of $773.87 million, a P/E ratio of -23.36 and a beta of 2.73.
In related news, CFO Cassandra Harris bought 20,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average cost of $3.00 per share, for a total transaction of $60,000.00. Following the completion of the acquisition, the chief financial officer now owns 85,350 shares in the company, valued at approximately $256,050. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 4.97% of the company’s stock.
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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