Tupperware Brands Corporation (NYSE:TUP) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.89-0.94 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.96. Tupperware Brands Corporation also updated its FY17 guidance to $4.47-4.57 EPS.
A number of research firms have issued reports on TUP. B. Riley upgraded Tupperware Brands Corporation from a sell rating to a neutral rating and increased their target price for the stock from $47.00 to $54.00 in a report on Tuesday. Zacks Investment Research upgraded Tupperware Brands Corporation from a sell rating to a hold rating in a report on Wednesday. Finally, TheStreet cut Tupperware Brands Corporation from a buy rating to a hold rating in a report on Friday, October 21st. Six analysts have rated the stock with a hold rating, The stock currently has a consensus rating of Hold and an average target price of $62.00.
Tupperware Brands Corporation (NYSE:TUP) opened at 60.36 on Wednesday. The firm’s 50-day moving average price is $55.12 and its 200-day moving average price is $60.35. The company has a market cap of $3.05 billion, a PE ratio of 15.10 and a beta of 1.67. Tupperware Brands Corporation has a 12-month low of $44.80 and a 12-month high of $66.90.
Tupperware Brands Corporation (NYSE:TUP) last issued its quarterly earnings data on Wednesday, February 1st. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.08. Tupperware Brands Corporation had a net margin of 9.20% and a return on equity of 124.54%. The company had revenue of $600.90 million for the quarter, compared to analysts’ expectations of $617.87 million. During the same quarter in the previous year, the firm posted $1.35 earnings per share. Tupperware Brands Corporation’s revenue for the quarter was up 1.5% on a year-over-year basis. Equities research analysts forecast that Tupperware Brands Corporation will post $4.31 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 6th. Investors of record on Monday, March 20th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 4.51%. Tupperware Brands Corporation’s dividend payout ratio is 68.00%.
In related news, EVP Thomas M. Roehlk sold 2,000 shares of the business’s stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $55.10, for a total value of $110,200.00. Following the sale, the executive vice president now owns 31,900 shares of the company’s stock, valued at $1,757,690. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Allan Dando sold 620 shares of the business’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $59.82, for a total transaction of $37,088.40. Following the completion of the sale, the insider now directly owns 2,863 shares in the company, valued at approximately $171,264.66. The disclosure for this sale can be found here. In the last three months, insiders sold 6,720 shares of company stock worth $376,820. 3.22% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in TUP. Atlantic Trust Group LLC raised its position in Tupperware Brands Corporation by 15.7% in the second quarter. Atlantic Trust Group LLC now owns 14,807 shares of the company’s stock valued at $833,000 after buying an additional 2,005 shares during the last quarter. Engineers Gate Manager LP purchased a new position in Tupperware Brands Corporation during the second quarter valued at about $549,000. Burney Co. raised its position in Tupperware Brands Corporation by 30.3% in the second quarter. Burney Co. now owns 19,954 shares of the company’s stock valued at $1,123,000 after buying an additional 4,645 shares during the last quarter. CNA Financial Corp raised its position in Tupperware Brands Corporation by 0.7% in the second quarter. CNA Financial Corp now owns 15,400 shares of the company’s stock valued at $866,000 after buying an additional 100 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new position in Tupperware Brands Corporation during the second quarter valued at about $304,000. Institutional investors and hedge funds own 88.31% of the company’s stock.
Tupperware Brands Corporation Company Profile
Tupperware Brands Corporation is engaged in the manufacture and sale of Tupperware products, and cosmetics and personal care products. The Company’s segments are Europe, Asia Pacific, Tupperware North America, Beauty North America and South America. The Europe, Asia Pacific and Tupperware North America segments include design-centric preparation, storage and serving solutions for the kitchen and home through the Tupperware brand.