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%.

ILLEGAL ACTIVITY NOTICE: “$536.35 Million in Sales Expected for Tupperware Brands Corporation (TUP) This Quarter” was first posted by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another website, it was stolen and reposted in violation of US & international copyright laws. The legal version of this report can be viewed at https://www.watchlistnews.com/536-35-million-in-sales-expected-for-tupperware-brands-corporation-tup-this-quarter/1529297.html.

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.

Get a free copy of the Zacks research report on Tupperware Brands Corporation (TUP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Tupperware Brands Corporation (NYSE:TUP)

Receive News & Ratings for Tupperware Brands Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tupperware Brands Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.