Shares of Tupperware Brands (NYSE:TUP) have been given an average rating of “Hold” by the eleven ratings firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $58.50.
TUP has been the topic of a number of analyst reports. Bank of America lowered their price objective on shares of Tupperware Brands from $55.00 to $47.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 10th. SunTrust Banks lowered their price objective on shares of Tupperware Brands to $64.00 and set a “hold” rating on the stock in a research report on Thursday, February 1st. Zacks Investment Research lowered shares of Tupperware Brands from a “buy” rating to a “sell” rating in a research report on Wednesday, December 27th. Morgan Stanley lowered their price objective on shares of Tupperware Brands from $66.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 5th. Finally, ValuEngine upgraded shares of Tupperware Brands from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th.
In related news, Director David R. Parker bought 3,000 shares of the firm’s stock in a transaction on Thursday, April 12th. The shares were bought at an average cost of $41.70 per share, for a total transaction of $125,100.00. Following the transaction, the director now owns 24,039 shares of the company’s stock, valued at $1,002,426.30. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Simon C. Hemus sold 14,000 shares of the business’s stock in a transaction on Tuesday, April 17th. The stock was sold at an average price of $43.19, for a total transaction of $604,660.00. Following the sale, the insider now owns 25,307 shares in the company, valued at $1,093,009.33. The disclosure for this sale can be found here. 3.42% of the stock is currently owned by insiders.
NYSE:TUP traded down $1.08 during midday trading on Friday, reaching $41.69. The stock had a trading volume of 778,258 shares, compared to its average volume of 895,441. Tupperware Brands has a 12-month low of $40.78 and a 12-month high of $74.36. The company has a debt-to-equity ratio of -5.07, a current ratio of 0.96 and a quick ratio of 0.56. The firm has a market cap of $2,186.26, a price-to-earnings ratio of 8.61, a price-to-earnings-growth ratio of 0.77 and a beta of 1.52.
Tupperware Brands (NYSE:TUP) last posted its quarterly earnings data on Wednesday, January 31st. The company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.09. Tupperware Brands had a negative net margin of 11.77% and a positive return on equity of 160.65%. The firm had revenue of $588.60 million for the quarter, compared to analyst estimates of $601.99 million. During the same period last year, the firm posted $1.45 EPS. Tupperware Brands’s quarterly revenue was down 2.0% on a year-over-year basis. analysts expect that Tupperware Brands will post 4.62 earnings per share for the current fiscal year.
The business also recently announced 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. The ex-dividend date was Monday, March 19th. This represents a $2.72 annualized dividend and a dividend yield of 6.52%. Tupperware Brands’s payout ratio is currently 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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