$0.37 Earnings Per Share Expected for Tupperware Brands Co. (NYSE:TUP) This Quarter

Analysts forecast that Tupperware Brands Co. (NYSE:TUPGet Rating) will announce earnings per share (EPS) of $0.37 for the current quarter, according to Zacks. Zero analysts have issued estimates for Tupperware Brands’ earnings. Tupperware Brands reported earnings of $0.82 per share during the same quarter last year, which would indicate a negative year over year growth rate of 54.9%. The business is expected to announce its next quarterly earnings results before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Tupperware Brands will report full year earnings of $2.78 per share for the current financial year. For the next financial year, analysts expect that the company will report earnings of $3.84 per share. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Tupperware Brands.

Tupperware Brands (NYSE:TUPGet Rating) last issued its quarterly earnings results on Wednesday, February 23rd. The company reported $0.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.14). Tupperware Brands had a net margin of 1.10% and a negative return on equity of 102.22%. The company had revenue of $394.90 million for the quarter, compared to analyst estimates of $370.27 million. During the same quarter in the previous year, the company posted $0.14 EPS. The company’s revenue for the quarter was down 11.9% compared to the same quarter last year.

Several analysts recently commented on the stock. Citigroup dropped their price target on shares of Tupperware Brands from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Monday, February 28th. StockNews.com initiated coverage on shares of Tupperware Brands in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Zacks Investment Research downgraded shares of Tupperware Brands from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $28.00.

In other Tupperware Brands news, CAO Madeline Otero sold 10,500 shares of Tupperware Brands stock in a transaction dated Friday, March 4th. The shares were sold at an average price of $19.22, for a total transaction of $201,810.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.19% of the company’s stock.

A number of hedge funds have recently modified their holdings of TUP. Counterpoint Mutual Funds LLC purchased a new position in Tupperware Brands during the fourth quarter worth about $26,000. CWM LLC acquired a new stake in shares of Tupperware Brands during the fourth quarter valued at about $32,000. Denali Advisors LLC acquired a new stake in shares of Tupperware Brands during the fourth quarter valued at about $37,000. Banque Cantonale Vaudoise increased its position in shares of Tupperware Brands by 67.5% during the third quarter. Banque Cantonale Vaudoise now owns 2,276 shares of the company’s stock valued at $48,000 after acquiring an additional 917 shares during the last quarter. Finally, Macquarie Group Ltd. increased its position in shares of Tupperware Brands by 31.6% during the third quarter. Macquarie Group Ltd. now owns 3,935 shares of the company’s stock valued at $83,000 after acquiring an additional 945 shares during the last quarter. 86.95% of the stock is currently owned by institutional investors.

Shares of NYSE:TUP traded down $0.39 during midday trading on Friday, reaching $18.38. The company’s stock had a trading volume of 400,175 shares, compared to its average volume of 780,118. The firm has a market capitalization of $839.38 million, a PE ratio of 54.06 and a beta of 2.65. Tupperware Brands has a twelve month low of $13.28 and a twelve month high of $29.20. The stock has a fifty day moving average of $18.76 and a 200 day moving average of $17.89.

Tupperware Brands Company Profile (Get Rating)

Tupperware Brands Corporation operates as a consumer products company worldwide. The company manufactures, markets, and sells 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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