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.
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.
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