Equities research analysts forecast that Tupperware Brands Co. (NYSE:TUP) will report $565.65 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Tupperware Brands’ earnings, with the lowest sales estimate coming in at $563.30 million and the highest estimate coming in at $568.00 million. Tupperware Brands posted sales of $554.80 million in the same quarter last year, which would indicate a positive year over year growth rate of 2%. The company is expected to announce its next quarterly earnings results on Tuesday, April 24th.
According to Zacks, analysts expect that Tupperware Brands will report full-year sales of $565.65 million for the current fiscal year, with estimates ranging from $2.33 billion to $2.34 billion. For the next fiscal year, analysts anticipate that the business will post sales of $2.40 billion per share, with estimates ranging from $2.39 billion to $2.41 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Tupperware Brands.
Tupperware Brands (NYSE:TUP) last posted its quarterly earnings results on Wednesday, January 31st. The company reported $1.59 EPS for the quarter, beating the Zacks’ consensus estimate of $1.50 by $0.09. Tupperware Brands had a negative net margin of 11.77% and a positive return on equity of 159.90%. The company had revenue of $588.60 million during the quarter, compared to analyst estimates of $601.99 million. During the same period in the prior year, the business posted $1.45 EPS. The firm’s revenue was down 2.0% compared to the same quarter last year.
Shares of Tupperware Brands (TUP) opened at $49.02 on Thursday. Tupperware Brands has a 1-year low of $49.00 and a 1-year high of $74.36. The company has a current ratio of 1.06, a quick ratio of 0.52 and a debt-to-equity ratio of -5.19. The company has a market cap of $2,598.78, a price-to-earnings ratio of 10.50, a P/E/G ratio of 0.82 and a beta of 1.49.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders 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 annualized dividend and a yield of 5.55%. Tupperware Brands’s dividend payout ratio (DPR) is presently -52.21%.
In other Tupperware Brands news, EVP Thomas M. Roehlk sold 2,000 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $62.43, for a total value of $124,860.00. Following the completion of the transaction, the executive vice president now directly owns 6,765 shares in the company, valued at approximately $422,338.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.22% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of TUP. Huber Capital Management LLC raised its holdings in Tupperware Brands by 44.3% in the 3rd quarter. Huber Capital Management LLC now owns 904,724 shares of the company’s stock worth $55,930,000 after purchasing an additional 277,660 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Tupperware Brands by 24.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 846,881 shares of the company’s stock worth $53,099,000 after buying an additional 168,535 shares during the period. Assenagon Asset Management S.A. purchased a new stake in shares of Tupperware Brands in the 4th quarter worth about $10,262,000. Bank of New York Mellon Corp grew its position in shares of Tupperware Brands by 15.4% in the 4th quarter. Bank of New York Mellon Corp now owns 976,323 shares of the company’s stock worth $61,216,000 after buying an additional 130,092 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in shares of Tupperware Brands in the 4th quarter worth about $7,455,000. Institutional investors and hedge funds own 83.69% of the company’s stock.
Tupperware Brands 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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