Shares of Tupperware Brands (NYSE:TUP) have earned an average rating of “Hold” from the eleven brokerages that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $58.50.
A number of research firms recently issued reports on TUP. Zacks Investment Research raised Tupperware Brands from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Friday, January 12th. ValuEngine downgraded Tupperware Brands from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Citigroup lowered their target price on Tupperware Brands from $62.00 to $56.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 13th. Morgan Stanley lowered their target price on Tupperware Brands from $72.00 to $66.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 1st. Finally, Bank of America lowered their target price on Tupperware Brands from $63.00 to $55.00 and set an “underperform” rating on the stock in a research report on Thursday, February 22nd.
In other Tupperware Brands news, Director David R. Parker purchased 3,000 shares of the stock in a transaction on Thursday, April 12th. The shares were purchased at an average price of $41.70 per share, with a total value of $125,100.00. Following the completion of the transaction, the director now directly owns 24,039 shares in the company, valued at $1,002,426.30. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.42% of the stock is owned by insiders.
NYSE:TUP opened at $42.45 on Friday. The company has a debt-to-equity ratio of -5.07, a quick ratio of 0.56 and a current ratio of 0.96. The stock has a market capitalization of $2,132.08, a P/E ratio of 8.62, a P/E/G ratio of 0.75 and a beta of 1.51. Tupperware Brands has a 52-week low of $40.78 and a 52-week high of $74.36.
Tupperware Brands (NYSE:TUP) last released its earnings results on Wednesday, January 31st. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.09. The business had revenue of $588.60 million for the quarter, compared to the consensus estimate of $601.99 million. Tupperware Brands had a positive return on equity of 160.65% and a negative net margin of 11.77%. Tupperware Brands’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.45 earnings per share. analysts anticipate that Tupperware Brands will post 4.62 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 5th. Shareholders of record on Tuesday, March 20th were given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 6.41%. The ex-dividend date of this dividend was Monday, March 19th. Tupperware Brands’s dividend payout ratio (DPR) is presently 56.20%.
About Tupperware Brands
Tupperware Brands Corporation operates as a direct-to-consumer marketer of various products across a range of brands and categories in Europe, Africa, the Middle East, the Asia Pacific, North America, and South America. The company engages in the manufacture and sale of design-centric preparation, storage, and serving solutions for the kitchen and home, as well as a line of cookware, knives, microwave products, microfiber textiles, water-filtration related items, and an array of products for on-the-go consumers under the Tupperware brand name.
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