KeyCorp Weighs in on Tupperware Brands Co.’s Q1 2018 Earnings (TUP)

Tupperware Brands Co. (NYSE:TUP) – Equities research analysts at KeyCorp reduced their Q1 2018 earnings per share estimates for Tupperware Brands in a report issued on Tuesday. KeyCorp analyst J. Gere now forecasts that the company will earn $1.03 per share for the quarter, down from their prior estimate of $1.04. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Tupperware Brands’ Q2 2018 earnings at $1.24 EPS, FY2018 earnings at $5.10 EPS, Q1 2019 earnings at $1.12 EPS, Q2 2019 earnings at $1.34 EPS, Q3 2019 earnings at $1.20 EPS, Q4 2019 earnings at $1.77 EPS and FY2019 earnings at $5.42 EPS.

A number of other research firms also recently weighed in on TUP. Zacks Investment Research downgraded Tupperware Brands from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. Morgan Stanley boosted their target price on Tupperware Brands from $71.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 26th. ValuEngine upgraded Tupperware Brands from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th. SunTrust Banks restated a “hold” rating and set a $65.00 target price on shares of Tupperware Brands in a research report on Friday, October 27th. Finally, TheStreet upgraded Tupperware Brands from a “c” rating to a “b-” rating in a research report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $67.67.

Shares of Tupperware Brands (NYSE TUP) opened at $50.89 on Thursday. The firm has a market capitalization of $2,549.97, a price-to-earnings ratio of -9.77, a PEG ratio of 0.81 and a beta of 1.49. Tupperware Brands has a 52-week low of $49.04 and a 52-week high of $74.36. The company has a debt-to-equity ratio of -5.19, a quick ratio of 0.52 and a current ratio of 1.06.

Tupperware Brands (NYSE:TUP) last released its earnings results on Wednesday, January 31st. The company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.09. The company had revenue of $588.60 million during the quarter, compared to the consensus estimate of $601.99 million. Tupperware Brands had a positive return on equity of 159.90% and a negative net margin of 11.77%. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.45 earnings per share.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TUP. Huber Capital Management LLC increased its holdings in Tupperware Brands by 44.3% in the third quarter. Huber Capital Management LLC now owns 904,724 shares of the company’s stock valued at $55,930,000 after purchasing an additional 277,660 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in Tupperware Brands in the fourth quarter valued at about $10,262,000. Bank of New York Mellon Corp increased its holdings in Tupperware Brands by 15.4% in the fourth quarter. Bank of New York Mellon Corp now owns 976,323 shares of the company’s stock valued at $61,216,000 after purchasing an additional 130,092 shares during the last quarter. BlackRock Inc. increased its holdings in Tupperware Brands by 1.4% in the fourth quarter. BlackRock Inc. now owns 8,212,037 shares of the company’s stock valued at $514,894,000 after purchasing an additional 110,580 shares during the last quarter. Finally, Strs Ohio bought a new stake in Tupperware Brands in the third quarter valued at about $6,182,000. Institutional investors and hedge funds own 84.12% of the company’s stock.

In related news, EVP Thomas M. Roehlk sold 2,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $62.43, for a total value of $124,860.00. Following the completion of the sale, the executive vice president now owns 6,765 shares in the company, valued at $422,338.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.22% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 5th. Investors of record on Tuesday, March 20th will be issued a $0.68 dividend. The ex-dividend date is Monday, March 19th. This represents a $2.72 dividend on an annualized basis and a yield of 5.34%. Tupperware Brands’s dividend payout ratio is presently -52.21%.

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About Tupperware Brands

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.

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

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