Tupperware Brands (NYSE:TUP) Updates FY19 Earnings Guidance

Tupperware Brands (NYSE:TUP) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.35-1.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.79. The company issued revenue guidance of down 12-14% yr/yr to ~$1.78 -1.82 billion, compared to the consensus revenue estimate of $1.83 billion.Tupperware Brands also updated its FY 2019
Pre-Market guidance to 1.35-1.70 EPS.

Shares of NYSE:TUP traded down $0.19 during midday trading on Friday, reaching $2.85. 4,590,240 shares of the company traded hands, compared to its average volume of 2,494,511. Tupperware Brands has a 12 month low of $2.79 and a 12 month high of $30.38. The firm has a market capitalization of $157.46 million, a price-to-earnings ratio of 1.37, a price-to-earnings-growth ratio of 0.23 and a beta of 0.98. The firm’s fifty day moving average price is $6.84 and its two-hundred day moving average price is $10.64.

A number of analysts recently issued reports on TUP shares. Citigroup reiterated a neutral rating and set a $9.00 price objective on shares of Tupperware Brands in a research note on Thursday, December 5th. ValuEngine upgraded Tupperware Brands from a sell rating to a hold rating in a research note on Friday, January 3rd. Finally, Zacks Investment Research lowered Tupperware Brands from a hold rating to a strong sell rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $14.50.

In other Tupperware Brands news, Director Angel R. Martinez sold 4,424 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $7.55, for a total value of $33,401.20. Following the transaction, the director now directly owns 35,374 shares in the company, valued at approximately $267,073.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.58% of the stock is owned by corporate insiders.

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.

Further Reading: Cash Flow

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