Tupperware Brands Corporation C (NYSE:TUP):
Tupperware Brands Reports Third Quarter 2016 Results; E.P.S. Up Double-Digit Percentage.
In the market the company is trading up since yesterday’s close of $59.42.
Additionally the company recently announced a dividend that was paid on Monday the 3rd of October 2016. The dividend was $0.680 per share for the quarter which comes to $2.72 on an annualized basis. The dividend yield was $4.56. The ex-dividend date was Friday the 16th of September 2016.
It is currently trading at $59.75 barely below the 50 day moving average which is $63.47 and which is marginally under the 200 day moving average of $60.56. The 50 day moving average was down $-3.72 whereas the 200 day moving average was down $-0.81 or -1.33%.
The P/E ratio is 14.94 and the market value is 3.02B. As of the latest earnings report the EPS was $4.00 and is projected to be $4.34 for the current year with 50,561,000 shares outstanding. Analysts expect next quarter’s EPS will be $1.03 with next year’s EPS projected to be $4.69.
Several brokerage firms have issued ratings on Tupperware Brands Corporation C recently. April 18 investment analysts at Citigroup maintained a company rating of “Neutral” and raised the price target from $57.00 to $63.00. On March 18 Citigroup made no change to the company rating of “Neutral” and raised the price expectation to $57.00 from $47.00.
On February 26 the company was set at “Sector Weight” by KeyBanc a cut from the previous “Overweight” rating. January 28 investment analysts at B. Riley kept the stock rating at “Neutral” and moved down the price target from $67.00 to $47.00.
Equity analyst Piper Jaffray lowered the price target and downgraded the stock on January 28 cutting the price target from $68.00 to $50.00 and moving the rating from “Overweight” to “Neutral”. On January 28 the company was downgraded from “Overweight” to “Neutral” and a price target of $50.00 was set in a report issued by Piper Jaffray.