$601.45 Million in Sales Expected for Tupperware Brands Corporation (TUP) This Quarter

Equities research analysts expect Tupperware Brands Corporation (NYSE:TUP) to report $601.45 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Tupperware Brands Corporation’s earnings, with the lowest sales estimate coming in at $597.30 million and the highest estimate coming in at $605.60 million. Tupperware Brands Corporation posted sales of $600.90 million during the same quarter last year, which suggests a positive year over year growth rate of 0.1%. The business is expected to report its next earnings report on Wednesday, February 7th.

On average, analysts expect that Tupperware Brands Corporation will report full-year sales of $601.45 million for the current fiscal year, with estimates ranging from $2.26 billion to $2.27 billion. For the next year, analysts forecast that the firm will report sales of $2.33 billion per share, with estimates ranging from $2.32 billion to $2.34 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Tupperware Brands Corporation.

Tupperware Brands Corporation (NYSE:TUP) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.09. Tupperware Brands Corporation had a net margin of 6.18% and a return on equity of 101.23%. The business had revenue of $539.50 million for the quarter, compared to analysts’ expectations of $538.80 million. During the same quarter last year, the firm earned $0.87 EPS. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year.

Several brokerages recently weighed in on TUP. BidaskClub cut shares of Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. TheStreet cut shares of Tupperware Brands Corporation from a “b-” rating to a “c” rating in a research report on Thursday, August 10th. Zacks Investment Research raised shares of Tupperware Brands Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, October 28th. ValuEngine raised shares of Tupperware Brands Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. Finally, Morgan Stanley raised their price target on shares of Tupperware Brands Corporation from $71.00 to $72.00 and gave the company an “equal weight” rating in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $68.33.

In other Tupperware Brands Corporation news, EVP Thomas M. Roehlk sold 2,000 shares of Tupperware Brands Corporation stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $61.56, for a total transaction of $123,120.00. Following the transaction, the executive vice president now owns 12,765 shares of the company’s stock, valued at approximately $785,813.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman E V. Goings sold 44,600 shares of Tupperware Brands Corporation stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $59.26, for a total transaction of $2,642,996.00. Following the transaction, the chairman now directly owns 54,059 shares in the company, valued at approximately $3,203,536.34. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,600 shares of company stock worth $3,001,976. Insiders own 3.14% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC purchased a new stake in shares of Tupperware Brands Corporation during the 2nd quarter worth approximately $121,000. Ffcm LLC increased its stake in shares of Tupperware Brands Corporation by 146.1% during the 2nd quarter. Ffcm LLC now owns 1,846 shares of the company’s stock worth $130,000 after purchasing an additional 1,096 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Tupperware Brands Corporation by 9.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,889 shares of the company’s stock worth $133,000 after purchasing an additional 167 shares during the last quarter. Mckinley Capital Management LLC Delaware increased its stake in shares of Tupperware Brands Corporation by 1,157.7% during the 3rd quarter. Mckinley Capital Management LLC Delaware now owns 2,440 shares of the company’s stock worth $151,000 after purchasing an additional 2,246 shares during the last quarter. Finally, AT Bancorp purchased a new stake in shares of Tupperware Brands Corporation during the 2nd quarter worth approximately $179,000. Institutional investors own 85.30% of the company’s stock.

Shares of Tupperware Brands Corporation (NYSE:TUP) traded down $0.05 during midday trading on Friday, reaching $60.18. 276,913 shares of the company traded hands, compared to its average volume of 510,166. Tupperware Brands Corporation has a twelve month low of $52.32 and a twelve month high of $74.36. The company has a market cap of $3,060.00, a PE ratio of 12.81, a price-to-earnings-growth ratio of 1.06 and a beta of 1.72. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.52 and a current ratio of 0.98.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Wednesday, December 20th will be given a dividend of $0.68 per share. The ex-dividend date is Tuesday, December 19th. This represents a $2.72 annualized dividend and a dividend yield of 4.52%. Tupperware Brands Corporation’s dividend payout ratio is currently 98.91%.

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

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