KeyCorp Analysts Reduce Earnings Estimates for Tupperware Brands Co. (TUP)

Tupperware Brands Co. (NYSE:TUP) – Analysts at KeyCorp cut their Q4 2017 earnings estimates for shares of Tupperware Brands in a research report issued on Wednesday. KeyCorp analyst J. Gere now expects that the company will post earnings of $1.50 per share for the quarter, down from their prior forecast of $1.51. KeyCorp has a “Hold” rating on the stock.

Several other equities analysts have also issued reports on the company. Morgan Stanley lifted their price target on Tupperware Brands from $71.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 26th. Zacks Investment Research raised Tupperware Brands from a “sell” rating to a “hold” rating in a research report on Saturday. TheStreet raised Tupperware Brands from a “c” rating to a “b-” rating in a research report on Wednesday, October 25th. ValuEngine raised Tupperware Brands from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $65.00 price target on shares of Tupperware Brands in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. Tupperware Brands has an average rating of “Hold” and an average target price of $68.83.

Tupperware Brands (NYSE:TUP) opened at $63.45 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.52 and a debt-to-equity ratio of 2.56. The company has a market capitalization of $3,230.00, a price-to-earnings ratio of 23.07, a price-to-earnings-growth ratio of 1.03 and a beta of 1.75. Tupperware Brands has a 52-week low of $53.65 and a 52-week high of $74.36.

Tupperware Brands (NYSE:TUP) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.94 by $0.09. The business had revenue of $539.50 million during the quarter, compared to analyst estimates of $538.80 million. Tupperware Brands had a return on equity of 101.23% and a net margin of 6.18%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.87 earnings per share.

Several institutional investors have recently added to or reduced their stakes in the business. Intl Fcstone Inc. bought a new position in shares of Tupperware Brands during the 2nd quarter valued at approximately $496,000. Fox Run Management L.L.C. grew its stake in shares of Tupperware Brands by 83.5% during the 3rd quarter. Fox Run Management L.L.C. now owns 15,600 shares of the company’s stock valued at $964,000 after acquiring an additional 7,100 shares during the period. Martingale Asset Management L P grew its stake in shares of Tupperware Brands by 4.1% during the 2nd quarter. Martingale Asset Management L P now owns 181,372 shares of the company’s stock valued at $12,738,000 after acquiring an additional 7,212 shares during the period. First Trust Advisors LP grew its stake in shares of Tupperware Brands by 17.5% during the 3rd quarter. First Trust Advisors LP now owns 181,347 shares of the company’s stock valued at $11,211,000 after acquiring an additional 27,060 shares during the period. Finally, Atlantic Trust Group LLC grew its stake in shares of Tupperware Brands by 16.7% during the 2nd quarter. Atlantic Trust Group LLC now owns 13,502 shares of the company’s stock valued at $949,000 after acquiring an additional 1,933 shares during the period. Institutional investors and hedge funds own 83.71% of the company’s stock.

In other Tupperware Brands news, Chairman E V. Goings sold 44,600 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $59.26, for a total transaction of $2,642,996.00. Following the completion of the sale, the chairman now directly owns 54,059 shares in the company, valued at approximately $3,203,536.34. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Thomas M. Roehlk sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $59.39, for a total value of $118,780.00. Following the sale, the executive vice president now owns 10,765 shares of the company’s stock, valued at $639,333.35. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,600 shares of company stock valued at $3,010,776. Corporate insiders own 3.14% of the company’s stock.

The company also recently declared a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Wednesday, December 20th were paid a dividend of $0.68 per share. The ex-dividend date of this dividend was Tuesday, December 19th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 4.29%. Tupperware Brands’s dividend payout ratio is currently 98.91%.

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About Tupperware Brands

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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