Brokerages expect that Tupperware Brands Co. (NYSE:TUP) will announce sales of $565.65 million for the current quarter, according to Zacks. Two analysts have made estimates for Tupperware Brands’ earnings. The lowest sales estimate is $563.30 million and the highest is $568.00 million. Tupperware Brands reported sales of $554.80 million in the same quarter last year, which indicates a positive year over year growth rate of 2%. The company is scheduled to report its next quarterly earnings report on Tuesday, April 24th.
According to Zacks, analysts expect that Tupperware Brands will report full-year sales of $565.65 million for the current financial year, with estimates ranging from $2.33 billion to $2.34 billion. For the next year, analysts forecast that the business will report sales of $2.40 billion per share, with estimates ranging from $2.39 billion to $2.41 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Tupperware Brands.
Tupperware Brands (NYSE:TUP) last announced its quarterly earnings data on Wednesday, January 31st. The company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.09. The firm had revenue of $588.60 million during the quarter, compared to analysts’ expectations of $601.99 million. Tupperware Brands had a negative net margin of 11.77% and a positive return on equity of 159.90%. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.45 earnings per share.
In other Tupperware Brands news, EVP Thomas M. Roehlk sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $62.43, for a total transaction of $124,860.00. Following the completion of the transaction, the executive vice president now owns 6,765 shares in the company, valued at approximately $422,338.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.22% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. boosted its holdings in shares of Tupperware Brands by 1.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 16,180 shares of the company’s stock valued at $1,136,000 after buying an additional 244 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Tupperware Brands by 0.5% in the 2nd quarter. Royal Bank of Canada now owns 55,120 shares of the company’s stock valued at $3,872,000 after buying an additional 273 shares in the last quarter. Cubist Systematic Strategies LLC boosted its holdings in shares of Tupperware Brands by 16.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 3,953 shares of the company’s stock valued at $278,000 after buying an additional 556 shares in the last quarter. Northwest Investment Counselors LLC boosted its holdings in shares of Tupperware Brands by 3.0% in the 3rd quarter. Northwest Investment Counselors LLC now owns 28,662 shares of the company’s stock valued at $1,772,000 after buying an additional 829 shares in the last quarter. Finally, Mutual of America Capital Management LLC boosted its holdings in shares of Tupperware Brands by 2.0% in the 3rd quarter. Mutual of America Capital Management LLC now owns 42,380 shares of the company’s stock valued at $2,620,000 after buying an additional 851 shares in the last quarter. Institutional investors and hedge funds own 84.03% of the company’s stock.
Shares of Tupperware Brands (TUP) traded down $0.92 during mid-day trading on Monday, hitting $50.95. 588,098 shares of the company were exchanged, compared to its average volume of 781,543. The company has a quick ratio of 0.52, a current ratio of 1.06 and a debt-to-equity ratio of -5.19. The firm has a market capitalization of $2,590.00, a PE ratio of -9.78, a P/E/G ratio of 0.84 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 also recently declared a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Tuesday, March 20th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 5.34%. The ex-dividend date is Monday, March 19th. Tupperware Brands’s dividend payout ratio (DPR) is presently -52.21%.
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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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