Tupperware Brands (NYSE:TUP) Announces Quarterly Earnings Results, Beats Estimates By $0.70 EPS

Tupperware Brands (NYSE:TUP) issued its quarterly earnings results on Wednesday. The company reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.70, MarketWatch Earnings reports. Tupperware Brands had a negative net margin of 0.49% and a negative return on equity of 9.52%. The company had revenue of $397.40 million for the quarter, compared to the consensus estimate of $312.55 million. During the same quarter in the prior year, the company earned $0.83 EPS. Tupperware Brands’s quarterly revenue was down 16.4% on a year-over-year basis.

Shares of Tupperware Brands stock traded down $0.09 during trading hours on Friday, reaching $15.43. The stock had a trading volume of 3,313,820 shares, compared to its average volume of 5,578,110. The stock’s 50 day moving average is $6.58 and its 200 day moving average is $4.61. The firm has a market capitalization of $756.22 million, a PE ratio of -90.76 and a beta of 2.73. Tupperware Brands has a twelve month low of $1.15 and a twelve month high of $16.94.

Several equities analysts recently weighed in on the stock. ValuEngine downgraded shares of Tupperware Brands from a “sell” rating to a “strong sell” rating in a report on Thursday. Zacks Investment Research upgraded shares of Tupperware Brands from a “hold” rating to a “buy” rating and set a $4.25 price target on the stock in a report on Friday, May 29th. Citigroup raised their price objective on shares of Tupperware Brands from $2.90 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Sidoti assumed coverage on shares of Tupperware Brands in a report on Tuesday, June 2nd. They set a “buy” rating and a $11.00 target price for the company.

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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Earnings History for Tupperware Brands (NYSE:TUP)

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