Tupperware Brands Corporation (NYSE:TUP) - Analysts at SunTrust Banks lowered their Q3 2017 earnings estimates for Tupperware Brands Corporation in a research report issued to clients and investors on Wednesday. SunTrust Banks analyst M. Swartz now expects that the company will post earnings per share of $0.93 for the quarter, down from their prior forecast of $1.02.
Tupperware Brands Corporation (NYSE:TUP) last posted its quarterly earnings results on Wednesday, July 26th. The company reported $1.21 EPS for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.01. The firm had revenue of $572.90 million for the quarter, compared to analysts’ expectations of $580.19 million. Tupperware Brands Corporation had a net margin of 7.00% and a return on equity of 102.71%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.16 earnings per share.
TUP has been the topic of several other reports. Zacks Investment Research upgraded shares of Tupperware Brands Corporation from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a report on Thursday, April 6th. B. Riley restated a “neutral” rating and issued a $54.00 price objective on shares of Tupperware Brands Corporation in a report on Sunday, April 23rd. Finally, BidaskClub lowered shares of Tupperware Brands Corporation from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 13th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $68.75.
Tupperware Brands Corporation (TUP) opened at 60.39 on Monday. The stock has a 50 day moving average of $69.56 and a 200-day moving average of $65.32. Tupperware Brands Corporation has a 12-month low of $52.32 and a 12-month high of $74.36. The company has a market capitalization of $3.05 billion, a PE ratio of 19.53 and a beta of 1.64.
The company also recently announced a quarterly dividend, which was paid on Thursday, July 6th. Shareholders of record on Tuesday, June 20th were given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 4.50%. The ex-dividend date of this dividend was Friday, June 16th. Tupperware Brands Corporation’s dividend payout ratio is currently 87.74%.
In other news, Chairman E V. Goings sold 54,456 shares of the business’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $72.67, for a total transaction of $3,957,317.52. Following the completion of the transaction, the chairman now directly owns 9,459 shares of the company’s stock, valued at $687,385.53. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction, the executive vice president now directly owns 33,015 shares of the company’s stock, valued at $2,401,841.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,823 shares of company stock valued at $5,647,755. 3.22% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. Dubuque Bank & Trust Co. increased its position in shares of Tupperware Brands Corporation by 1,066.7% in the first quarter. Dubuque Bank & Trust Co. now owns 1,750 shares of the company’s stock worth $110,000 after buying an additional 1,600 shares in the last quarter. Founders Capital Management bought a new position in shares of Tupperware Brands Corporation during the first quarter worth approximately $110,000. Kernodle & Katon Asset Management Group LLC bought a new position in shares of Tupperware Brands Corporation during the first quarter worth approximately $110,000. Huntington National Bank increased its position in shares of Tupperware Brands Corporation by 12.5% in the first quarter. Huntington National Bank now owns 1,912 shares of the company’s stock worth $120,000 after buying an additional 212 shares in the last quarter. Finally, TrimTabs Asset Management LLC bought a new position in shares of Tupperware Brands Corporation during the first quarter worth approximately $125,000. 90.11% of the stock is owned by institutional investors and hedge funds.
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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