Tupperware Brands Corporation (TUP) Shares Tumble as 4th Quarter Earnings Disappoint Investors


Shares of Tupperware Brands Corporation (NYSE:TUP) are down big today after the company released their fourth quarter results today and declared a regular quarterly dividend. Investors were disappointed by the company’s GAAP diluted E.P.S which came in at just $1.15 per share compared to $1.63 year-over-year. This represents a 9% decrease in local currency and a whopping 29% in US Dollars.

Additionally, fourth quarter 2015 net sales came in at $592.1 million which is an increase of 2% in local currency but a decline of 13% in the US dollar. GAAP net income came in at $58.1 million which is a decrease of 29% year-over-year.

While the earnings report was nothing to get excited about Tupperware Brands Corporation (NYSE:TUP) did announce a quarterly dividend. The dividend amount is $0.68 per share, payable on April 4, 2016 to shareholders who own the stock as of March 18, 2016.

The stock is down 14.34% or $7.38 following the news, hitting $44.1 per share. About 3.83 million shares traded hands or 591.33% up from the average. TUP has declined 23.31% since June 22, 2015 and is downtrending. It has underperformed the S&P500 by 12.29%.

From a total of 3 analysts covering Tupperware Brands Corporation (NYSE:TUP) stock, 0 rate it a “Buy”, 1 a “Sell”, and 2 a “Hold”. This means that 0 of the ratings are positive. The highest target price is $67 while the lowest target price is $54. The mean of all analyst targets is $60.33 which is 36.80% above today’s ($44.1) stock price. Tupperware Brands Corporation was the topic of 5 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. B. Riley & Co maintained shares on October 22 with a “Neutral” rating. JP Morgan maintained TUP stock in a recent report from September 2 with a “Neutral” rating.

The institutional sentiment increased to 1.18 in Q2 2015. It’s up 0.02, from 1.16 in 2015Q2. The ratio increased, as 63 funds sold all their Tupperware Brands Corporation shares they owned while 84 reduced their positions. 42 funds bought stakes while 131 increased their total positions. Institutions now own 43.89 million shares which is 0.44% more than the previous share count of 43.69 million in 2015Q2.

Levy Harkins & Co Inc holds 3.69% of its total portfolio in Tupperware Brands Corporation, equating to 176,056 shares. Edmp Inc. owns 65,286 shares representing 3.29% of their total US portfolio. Moreover, Loudon Investment Management Llc has 3.06% of their total portfolio invested in the company, equating to 71,925 shares. The California-based Huber Capital Management Llc has a total of 2.63% of their portfolio invested in the stock. First Wilshire Securities Management Inc, a California-based fund reported 190,786 shares owned.

Since April 2, 2015, the stock had 0 insider buys, and 3 insider sales for a total of $27.87 million in net activity. Garcia Lillian D sold 6,664 shares worth $398,561. Goings E V sold 335,152 shares worth $20.18 million. Poteshman Michael S sold 4,000 shares worth $262,960. Hajek Josef sold 5,500 shares worth $364,855. The insider Timmerman Jose R sold 10,572 shares worth $709,388.

Tupperware Brands Corporation is a global direct-to-consumer firm engaged in the manufacture and sale of Tupperware products and cosmetics and personal care products. The company has a market cap of $2.61 billion. The Company’s Europe, Asia Pacific and Tupperware North America divisions offer storage and serving solutions for the kitchen and home through the Tupperware brand. It has 10.6 P/E ratio. Europe segment includes Avroy Shlain, which sells beauty and personal care products.