Tupperware Brands Corporation (TUP) Announces Quarterly Earnings Results

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.

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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.

Earnings History for Tupperware Brands Corporation (NYSE:TUP)

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