Tupperware Brands (NYSE:TUP) will be posting its quarterly earnings results before the market opens on Wednesday, October 24th. Analysts expect Tupperware Brands to post earnings of $0.82 per share for the quarter. Tupperware Brands has set its Q3 guidance at $0.80-0.85 EPS and its FY18 guidance at $4.25-4.35 EPS.
Tupperware Brands (NYSE:TUP) last issued its quarterly earnings results on Wednesday, July 25th. The company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.05. The company had revenue of $535.40 million during the quarter, compared to analyst estimates of $548.69 million. Tupperware Brands had a negative net margin of 8.87% and a negative return on equity of 576.26%. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.21 EPS. On average, analysts expect Tupperware Brands to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of NYSE:TUP opened at $31.31 on Monday. The company has a market capitalization of $1.57 billion, a PE ratio of 6.47, a P/E/G ratio of 0.62 and a beta of 1.33. Tupperware Brands has a twelve month low of $29.82 and a twelve month high of $66.26. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of -3.44.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 4th. Stockholders of record on Wednesday, September 19th were paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 8.69%. The ex-dividend date of this dividend was Tuesday, September 18th. Tupperware Brands’s dividend payout ratio is currently 56.20%.
A number of analysts have recently weighed in on the stock. Citigroup reduced their price target on shares of Tupperware Brands from $39.00 to $33.00 and set a “neutral” rating for the company in a research note on Wednesday, October 17th. Zacks Investment Research lowered shares of Tupperware Brands from a “hold” rating to a “sell” rating in a research note on Saturday, October 6th. Bank of America reduced their price target on shares of Tupperware Brands from $35.00 to $34.00 and set an “underperform” rating for the company in a research note on Thursday, October 4th. Finally, Argus lowered shares of Tupperware Brands from a “hold” rating to a “sell” rating in a research note on Tuesday, July 31st. Four investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $46.00.
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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