Tupperware Brands Corp. (NYSE:TUP) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.32-1.37 for the period, compared to the Thomson Reuters consensus estimate of $1.39.

A number of analysts have recently weighed in on the stock. B. Riley lowered shares of Tupperware Brands Corp. from a neutral rating to a sell rating and dropped their target price for the stock from $64.00 to $47.00 in a report on Monday. They noted that the move was a valuation call. Piper Jaffray Cos. reiterated a neutral rating and set a $61.00 target price on shares of Tupperware Brands Corp. in a report on Thursday, August 4th. Zacks Investment Research upgraded shares of Tupperware Brands Corp. from a sell rating to a hold rating in a report on Wednesday, August 3rd. Finally, TheStreet lowered shares of Tupperware Brands Corp. from a buy rating to a hold rating in a report on Friday, October 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. Tupperware Brands Corp. presently has an average rating of Hold and a consensus price target of $59.14.

Earnings History and Estimates for Tupperware Brands Corp. (NYSE:TUP)

Tupperware Brands Corp. (NYSE:TUP) opened at 57.74 on Wednesday. Tupperware Brands Corp. has a 52 week low of $42.60 and a 52 week high of $66.90. The company has a market cap of $2.92 billion, a P/E ratio of 14.44 and a beta of 1.72. The firm’s 50 day moving average is $60.34 and its 200-day moving average is $60.66.

Tupperware Brands Corp. (NYSE:TUP) last posted its earnings results on Wednesday, October 19th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.07. Tupperware Brands Corp. had a net margin of 9.20% and a return on equity of 124.54%. The firm had revenue of $521.80 million for the quarter, compared to the consensus estimate of $528.14 million. During the same period in the previous year, the firm posted $0.79 EPS. The business’s quarterly revenue was up .2% on a year-over-year basis. On average, analysts predict that Tupperware Brands Corp. will post $4.34 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 6th. Stockholders of record on Tuesday, December 20th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Friday, December 16th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 4.71%. Tupperware Brands Corp.’s dividend payout ratio (DPR) is presently 68.00%.

In related news, EVP Thomas M. Roehlk sold 2,000 shares of the company’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $65.84, for a total transaction of $131,680.00. Following the transaction, the executive vice president now directly owns 35,900 shares in the company, valued at approximately $2,363,656. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Allan Dando sold 620 shares of the company’s stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $59.82, for a total transaction of $37,088.40. Following the transaction, the insider now owns 2,863 shares in the company, valued at $171,264.66. The disclosure for this sale can be found here. 3.22% of the stock is currently owned by insiders.

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Institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its position in shares of Tupperware Brands Corp. by 1.8% in the third quarter. Price T Rowe Associates Inc. MD now owns 27,928 shares of the company’s stock valued at $1,826,000 after buying an additional 500 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its position in shares of Tupperware Brands Corp. by 28.7% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 170,311 shares of the company’s stock valued at $11,132,000 after buying an additional 37,971 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in shares of Tupperware Brands Corp. by 87.5% in the third quarter. Ameritas Investment Partners Inc. now owns 15,909 shares of the company’s stock valued at $1,039,000 after buying an additional 7,424 shares during the last quarter. Verition Fund Management LLC purchased a new position in shares of Tupperware Brands Corp. during the third quarter valued at approximately $689,000. Finally, Highbridge Capital Management LLC purchased a new position in shares of Tupperware Brands Corp. during the third quarter valued at approximately $338,000. Institutional investors own 88.72% of the company’s stock.

Tupperware Brands Corp. Company Profile

Tupperware Brands Corporation is engaged in the manufacture and sale of Tupperware products, and cosmetics and personal care products. The Company’s segments are Europe, Asia Pacific, Tupperware North America, Beauty North America and South America. The Europe, Asia Pacific and Tupperware North America segments include design-centric preparation, storage and serving solutions for the kitchen and home through the Tupperware brand.

5 Day Chart for NYSE:TUP

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