Zacks: Brokerages Anticipate Tupperware Brands Co. (NYSE:TUP) to Announce $1.02 Earnings Per Share

Brokerages expect Tupperware Brands Co. (NYSE:TUP) to post earnings of $1.02 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Tupperware Brands’ earnings. The lowest EPS estimate is $0.99 and the highest is $1.04. Tupperware Brands reported earnings per share of $1.17 during the same quarter last year, which suggests a negative year-over-year growth rate of 12.8%. The firm is expected to report its next earnings report before the market opens on Wednesday, July 24th.

On average, analysts expect that Tupperware Brands will report full-year earnings of $4.01 per share for the current year, with EPS estimates ranging from $3.99 to $4.03. For the next year, analysts expect that the business will report earnings of $4.19 per share, with EPS estimates ranging from $4.18 to $4.20. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Tupperware Brands.

Tupperware Brands (NYSE:TUP) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.90 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.01). The company had revenue of $487.30 million for the quarter, compared to the consensus estimate of $496.60 million. Tupperware Brands had a net margin of 7.80% and a negative return on equity of 102.79%. Tupperware Brands’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 EPS.

Several equities analysts recently weighed in on the stock. Zacks Investment Research restated a “hold” rating on shares of Western New England Bancorp in a research report on Saturday, June 29th. Citigroup restated a “buy” rating on shares of Healthequity in a research report on Friday, June 28th. Finally, Bank of America reduced their price target on shares of Canopy Growth from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, June 19th. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The stock presently has a consensus rating of “Sell” and a consensus target price of $30.00.

A number of large investors have recently modified their holdings of TUP. BlackRock Inc. lifted its holdings in shares of Tupperware Brands by 0.5% in the fourth quarter. BlackRock Inc. now owns 6,956,652 shares of the company’s stock worth $219,622,000 after buying an additional 32,673 shares in the last quarter. Brandywine Global Investment Management LLC lifted its holdings in shares of Tupperware Brands by 5.6% in the fourth quarter. Brandywine Global Investment Management LLC now owns 1,605,192 shares of the company’s stock worth $50,676,000 after buying an additional 84,813 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Tupperware Brands by 14.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,256,677 shares of the company’s stock worth $39,674,000 after buying an additional 154,655 shares in the last quarter. LGT Capital Partners LTD. lifted its holdings in shares of Tupperware Brands by 54.8% in the second quarter. LGT Capital Partners LTD. now owns 1,143,420 shares of the company’s stock worth $21,759,000 after buying an additional 404,840 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Tupperware Brands by 14.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,029,303 shares of the company’s stock worth $32,495,000 after buying an additional 126,607 shares in the last quarter. Hedge funds and other institutional investors own 83.48% of the company’s stock.

TUP traded down $0.15 during trading on Friday, hitting $17.78. 23,638 shares of the company traded hands, compared to its average volume of 572,393. The firm has a market capitalization of $873.91 million, a price-to-earnings ratio of 4.14, a P/E/G ratio of 0.37 and a beta of 0.95. The firm’s fifty day moving average price is $19.13. Tupperware Brands has a one year low of $17.02 and a one year high of $41.70.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 8th. Shareholders of record on Wednesday, June 19th were given a dividend of $0.27 per share. The ex-dividend date was Tuesday, June 18th. This represents a $1.08 dividend on an annualized basis and a yield of 6.07%. Tupperware Brands’s dividend payout ratio is presently 25.12%.

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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