Tupperware Brands Corporation (NYSE:TUP) announced its quarterly earnings results on Wednesday, July 26th. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01, Bloomberg Earnings reports. The firm had revenue of $572.90 million for the quarter, compared to the consensus estimate of $580.19 million. Tupperware Brands Corporation had a net margin of 7.00% and a return on equity of 102.71%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.16 EPS. Tupperware Brands Corporation updated its Q3 guidance to $0.91-0.96 EPS.
Tupperware Brands Corporation (NYSE:TUP) traded up 0.88% during trading on Friday, hitting $58.21. 399,970 shares of the company were exchanged. Tupperware Brands Corporation has a 1-year low of $52.32 and a 1-year high of $74.36. The firm’s 50 day moving average price is $66.06 and its 200-day moving average price is $65.55. The stock has a market capitalization of $2.96 billion, a PE ratio of 18.83 and a beta of 1.61.
A number of analysts have recently issued reports on TUP shares. Zacks Investment Research downgraded shares of Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a report on Saturday, July 29th. BidaskClub downgraded shares of Tupperware Brands Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, B. Riley reaffirmed a “neutral” rating and set a $54.00 price target on shares of Tupperware Brands Corporation in a report on Sunday, April 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Tupperware Brands Corporation currently has a consensus rating of “Hold” and an average target price of $71.33.
In related news, SVP Josef Hajek sold 2,950 shares of the stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $71.59, for a total value of $211,190.50. Following the transaction, the senior vice president now owns 6,304 shares in the company, valued at approximately $451,303.36. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Thomas M. Roehlk sold 12,250 shares of the stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $72.75, for a total transaction of $891,187.50. Following the completion of the transaction, the executive vice president now owns 33,015 shares in the company, valued at approximately $2,401,841.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,200 shares of company stock worth $1,508,578. Corporate insiders own 3.22% of the company’s stock.
A number of institutional investors have recently modified their holdings of TUP. American International Group Inc. raised its stake in Tupperware Brands Corporation by 3.3% in the first quarter. American International Group Inc. now owns 118,307 shares of the company’s stock valued at $7,420,000 after buying an additional 3,834 shares in the last quarter. Yorktown Management & Research Co Inc bought a new stake in Tupperware Brands Corporation during the first quarter valued at approximately $201,000. Schwab Charles Investment Management Inc. raised its stake in Tupperware Brands Corporation by 2.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 231,012 shares of the company’s stock valued at $14,490,000 after buying an additional 5,082 shares in the last quarter. Nuveen Asset Management LLC raised its stake in Tupperware Brands Corporation by 54.1% in the first quarter. Nuveen Asset Management LLC now owns 31,666 shares of the company’s stock valued at $1,986,000 after buying an additional 11,111 shares in the last quarter. Finally, James Investment Research Inc. bought a new stake in Tupperware Brands Corporation during the second quarter valued at approximately $1,392,000. Institutional investors own 89.39% of the company’s stock.
About Tupperware Brands Corporation
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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