Shares of Tupperware Brands Co. (NYSE:TUP) have been given a consensus rating of “Hold” by the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $51.00.
TUP has been the topic of a number of analyst reports. Bank of America decreased their price objective on Tupperware Brands from $35.00 to $34.00 and set an “underperform” rating on the stock in a research note on Thursday, October 4th. Zacks Investment Research lowered Tupperware Brands from a “buy” rating to a “hold” rating in a research note on Friday, June 29th. Finally, Argus lowered Tupperware Brands from a “hold” rating to a “sell” rating in a research note on Tuesday, July 31st.
Several institutional investors and hedge funds have recently bought and sold shares of TUP. Asset Management One Co. Ltd. acquired a new stake in Tupperware Brands in the 1st quarter worth about $123,000. Beacon Investment Advisory Services Inc. acquired a new stake in Tupperware Brands in the 2nd quarter worth about $201,000. Trust Department MB Financial Bank N A acquired a new stake in Tupperware Brands in the 2nd quarter worth about $260,000. State of Alaska Department of Revenue boosted its stake in Tupperware Brands by 133.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 6,477 shares of the company’s stock worth $216,000 after buying an additional 3,697 shares during the last quarter. Finally, Northwest Investment Counselors LLC acquired a new stake in Tupperware Brands in the 2nd quarter worth about $330,000. 85.34% of the stock is currently owned by institutional investors and hedge funds.
Shares of TUP traded down $0.43 during trading hours on Friday, reaching $30.09. 630,307 shares of the company traded hands, compared to its average volume of 806,267. 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 firm has a market cap of $1.67 billion, a P/E ratio of 6.22, a PEG ratio of 0.65 and a beta of 1.33. Tupperware Brands has a fifty-two week low of $29.82 and a fifty-two week high of $66.26.
Tupperware Brands (NYSE:TUP) last posted its quarterly earnings data on Wednesday, July 25th. The company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.05. The business had revenue of $535.40 million for the quarter, compared to analyst estimates of $548.69 million. Tupperware Brands had a negative return on equity of 576.26% and a negative net margin of 8.87%. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.21 earnings per share. As a group, equities analysts expect that Tupperware Brands will post 4.26 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 4th. Investors of record on Wednesday, September 19th were paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 9.04%. The ex-dividend date was Tuesday, September 18th. 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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