$0.34 EPS Expected for Tupperware Brands Co. (NYSE:TUP) This Quarter

Equities research analysts expect Tupperware Brands Co. (NYSE:TUP) to post earnings per share of $0.34 for the current quarter, Zacks reports. Zero analysts have made estimates for Tupperware Brands’ earnings. Tupperware Brands reported earnings per share of $0.43 in the same quarter last year, which suggests a negative year-over-year growth rate of 20.9%. The company is expected to announce its next quarterly earnings report before the market opens on Wednesday, October 28th.

According to Zacks, analysts expect that Tupperware Brands will report full-year earnings of $1.69 per share for the current year. For the next year, analysts forecast that the business will report earnings of $1.92 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Tupperware Brands.

Tupperware Brands (NYSE:TUP) last released its earnings results on Wednesday, July 29th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.70. Tupperware Brands had a negative return on equity of 9.52% and a negative net margin of 0.49%. The firm had revenue of $397.40 million for the quarter, compared to analysts’ expectations of $312.55 million. During the same period in the prior year, the firm posted $0.83 earnings per share. The company’s quarterly revenue was down 16.4% on a year-over-year basis.

Several equities research analysts recently commented on TUP shares. Argus raised Tupperware Brands from a “sell” rating to a “hold” rating in a research report on Monday, August 17th. DA Davidson started coverage on Tupperware Brands in a research report on Tuesday, September 15th. They set a “buy” rating and a $30.00 price objective on the stock. Citigroup increased their price objective on Tupperware Brands from $15.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday, September 25th. ValuEngine cut Tupperware Brands from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 30th. Finally, Sidoti raised their target price on Tupperware Brands from $20.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, September 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $22.06.

A number of large investors have recently made changes to their positions in the business. State Street Corp boosted its position in Tupperware Brands by 12.9% in the first quarter. State Street Corp now owns 1,772,639 shares of the company’s stock worth $2,872,000 after purchasing an additional 202,480 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Tupperware Brands by 15.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,665,127 shares of the company’s stock worth $7,910,000 after buying an additional 222,095 shares during the period. Q Global Advisors LLC bought a new position in shares of Tupperware Brands in the second quarter worth about $7,125,000. Two Sigma Advisers LP raised its stake in shares of Tupperware Brands by 2.6% in the first quarter. Two Sigma Advisers LP now owns 838,896 shares of the company’s stock worth $1,359,000 after buying an additional 21,200 shares during the period. Finally, Morgan Stanley raised its stake in shares of Tupperware Brands by 107.7% in the first quarter. Morgan Stanley now owns 832,107 shares of the company’s stock worth $1,347,000 after buying an additional 431,522 shares during the period. 74.67% of the stock is currently owned by institutional investors and hedge funds.

Shares of Tupperware Brands stock traded down $0.46 during trading on Friday, hitting $22.12. 913,631 shares of the company’s stock traded hands, compared to its average volume of 2,961,754. Tupperware Brands has a 1 year low of $1.15 and a 1 year high of $27.19. The stock has a market capitalization of $1.09 billion, a P/E ratio of -130.11 and a beta of 3.62. The business has a 50-day simple moving average of $21.93 and a 200-day simple moving average of $10.09.

Tupperware Brands Company Profile

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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