Somewhat Favorable News Coverage Somewhat Unlikely to Impact Tupperware Brands Corporation (TUP) Share Price
News stories about Tupperware Brands Corporation (NYSE:TUP) have been trending somewhat positive on Wednesday, Accern Sentiment reports. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Tupperware Brands Corporation earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 47.0339569076272 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Tupperware Brands Corporation (NYSE TUP) opened at 57.59 on Wednesday. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of 18.63 and a beta of 1.61. Tupperware Brands Corporation has a 12-month low of $52.32 and a 12-month high of $74.36. The firm’s 50-day moving average price is $62.70 and its 200-day moving average price is $65.45.
Tupperware Brands Corporation (NYSE:TUP) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.01. The business had revenue of $572.90 million during the quarter, compared to analysts’ expectations of $580.19 million. Tupperware Brands Corporation had a return on equity of 102.71% and a net margin of 7.00%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.16 EPS. On average, equities analysts predict that Tupperware Brands Corporation will post $4.70 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Wednesday, September 20th will be issued a $0.68 dividend. The ex-dividend date is Tuesday, September 19th. This represents a $2.72 annualized dividend and a dividend yield of 4.72%. Tupperware Brands Corporation’s dividend payout ratio (DPR) is presently 87.74%.
Several equities research analysts recently weighed in on TUP shares. Zacks Investment Research lowered Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a report on Saturday, July 29th. BidaskClub lowered Tupperware Brands Corporation from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 13th. Finally, TheStreet lowered Tupperware Brands Corporation from a “b-” rating to a “c” rating in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $71.33.
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In other news, EVP Thomas M. Roehlk sold 12,250 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $72.75, for a total value of $891,187.50. Following the completion of the transaction, the executive vice president now owns 33,015 shares of the company’s stock, valued at approximately $2,401,841.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Josef Hajek sold 2,950 shares of the business’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $71.59, for a total value of $211,190.50. Following the completion of the transaction, the senior vice president now directly owns 6,304 shares of the company’s stock, valued at approximately $451,303.36. The disclosure for this sale can be found here. In the last three months, insiders sold 21,200 shares of company stock valued at $1,508,578. Insiders own 3.14% of the company’s stock.
About Tupperware Brands Corporation
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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