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

A number of brokerages have weighed in on TUP. B. Riley cut Tupperware Brands Corp. from a neutral rating to a sell rating and reduced their price objective for the company from $64.00 to $47.00 in a research note on Monday. They noted that the move was a valuation call. Piper Jaffray Cos. reiterated a neutral rating and issued a $61.00 price objective on shares of Tupperware Brands Corp. in a research note on Thursday, August 4th. Zacks Investment Research upgraded Tupperware Brands Corp. from a sell rating to a hold rating in a research note on Wednesday, August 3rd. Finally, TheStreet cut Tupperware Brands Corp. from a buy rating to a hold rating in a research note on Friday, October 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently 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. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of 14.44 and a beta of 1.72. The company’s 50-day moving average price is $60.34 and its 200-day moving average price is $60.66. Tupperware Brands Corp. has a one year low of $42.60 and a one year high of $66.90.

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

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

In other Tupperware Brands Corp. news, insider Allan Dando sold 620 shares of the stock in a transaction that occurred on Tuesday, November 8th. The stock was 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 of the company’s stock, valued at approximately $171,264.66. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Thomas M. Roehlk sold 2,000 shares of the stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $65.84, for a total value 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 disclosure for this sale can be found here. Company insiders own 3.22% of the company’s stock.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TUP. BlackRock Fund Advisors increased its position in Tupperware Brands Corp. by 7.0% in the second quarter. BlackRock Fund Advisors now owns 6,020,016 shares of the company’s stock worth $338,807,000 after buying an additional 394,548 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Tupperware Brands Corp. by 7.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,772,842 shares of the company’s stock valued at $99,776,000 after buying an additional 116,990 shares during the period. American Century Companies Inc. increased its stake in shares of Tupperware Brands Corp. by 14.9% in the second quarter. American Century Companies Inc. now owns 1,029,502 shares of the company’s stock valued at $57,940,000 after buying an additional 133,614 shares during the period. Champlain Investment Partners LLC increased its stake in shares of Tupperware Brands Corp. by 2.6% in the second quarter. Champlain Investment Partners LLC now owns 349,555 shares of the company’s stock valued at $19,673,000 after buying an additional 8,725 shares during the period. Finally, BlackRock Investment Management LLC increased its stake in shares of Tupperware Brands Corp. by 1.8% in the second quarter. BlackRock Investment Management LLC now owns 316,223 shares of the company’s stock valued at $17,797,000 after buying an additional 5,671 shares during the period. 88.72% of the stock is currently owned by institutional investors.

About Tupperware Brands Corp.

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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