$536.35 Million in Sales Expected for Tupperware Brands Corporation (TUP) This Quarter
Brokerages forecast that Tupperware Brands Corporation (NYSE:TUP) will post $536.35 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Tupperware Brands Corporation’s earnings, with the lowest sales estimate coming in at $531.10 million and the highest estimate coming in at $541.60 million. Tupperware Brands Corporation posted sales of $521.80 million in the same quarter last year, which suggests a positive year over year growth rate of 2.8%. The business is scheduled to issue its next earnings report on Wednesday, October 18th.
On average, analysts expect that Tupperware Brands Corporation will report full-year sales of $536.35 million for the current year, with estimates ranging from $2.27 billion to $2.28 billion. For the next year, analysts forecast that the business will report sales of $2.35 billion per share, with estimates ranging from $2.33 billion to $2.38 billion. Zacks’ sales calculations are an average based on a survey of analysts that cover Tupperware Brands Corporation.
Tupperware Brands Corporation (NYSE:TUP) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.01. Tupperware Brands Corporation had a return on equity of 102.71% and a net margin of 7.00%. The business had revenue of $572.90 million during the quarter, compared to the consensus estimate of $580.19 million. During the same quarter in the prior year, the company posted $1.16 earnings per share. Tupperware Brands Corporation’s revenue was up 1.5% compared to the same quarter last year.
A number of brokerages recently issued reports on TUP. Zacks Investment Research lowered Tupperware Brands Corporation from a “buy” rating to a “hold” rating and set a $79.00 target price for the company. in a research note on Tuesday, May 30th. Sidoti increased their price target on Tupperware Brands Corporation from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Monday, May 22nd. BidaskClub downgraded Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, TheStreet downgraded Tupperware Brands Corporation from a “b-” rating to a “c” rating in a research report on Thursday, August 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $71.33.
In related news, SVP Josef Hajek sold 2,950 shares of Tupperware Brands Corporation stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $71.59, for a total value of $211,190.50. Following the sale, the senior vice president now directly owns 6,304 shares in the company, valued at approximately $451,303.36. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Thomas M. Roehlk sold 2,000 shares of Tupperware Brands Corporation stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $60.49, for a total value of $120,980.00. Following the completion of the sale, the executive vice president now owns 16,765 shares in the company, valued at $1,014,114.85. The disclosure for this sale can be found here. Insiders have sold a total of 21,200 shares of company stock worth $1,508,578 over the last 90 days. Insiders own 3.14% of the company’s stock.
A number of large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC purchased a new stake in Tupperware Brands Corporation during the second quarter valued at about $121,000. Founders Capital Management purchased a new stake in Tupperware Brands Corporation during the first quarter valued at about $110,000. Kernodle & Katon Asset Management Group LLC purchased a new stake in Tupperware Brands Corporation during the first quarter valued at about $110,000. Ffcm LLC boosted its stake in Tupperware Brands Corporation by 146.1% in the second quarter. Ffcm LLC now owns 1,846 shares of the company’s stock valued at $130,000 after buying an additional 1,096 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Tupperware Brands Corporation by 9.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,889 shares of the company’s stock valued at $133,000 after buying an additional 167 shares during the last quarter. Institutional investors own 86.32% of the company’s stock.
Tupperware Brands Corporation (NYSE TUP) opened at 57.26 on Tuesday. The company has a market cap of $2.91 billion, a P/E ratio of 18.52 and a beta of 1.61. The firm has a 50-day moving average price of $62.70 and a 200-day moving average price of $65.45. Tupperware Brands Corporation has a 52 week low of $52.32 and a 52 week high of $74.36.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Wednesday, September 20th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date is Tuesday, September 19th. Tupperware Brands Corporation’s dividend payout ratio (DPR) is presently 87.74%.
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Tupperware Brands Corporation Company Profile
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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