TUP - Tupperware Brands Corporation
| Previous Close | 16.27 |
| Open | 16.39 |
| Bid | 16.69 x 800 |
| Ask | 16.71 x 1100 |
| Day's Range | 16.17 - 16.74 |
| 52 Week Range | 12.00 - 38.90 |
| Volume | 97,939 |
| Avg. Volume | 945,990 |
| Market Cap | 801.166M |
| Beta (3Y Monthly) | 0.55 |
| PE Ratio (TTM) | 6.15 |
| EPS (TTM) | 2.70 |
| Earnings Date | Oct 30, 2019 |
| Forward Dividend & Yield | 1.08 (7.23%) |
| Ex-Dividend Date | 2019-09-17 |
| 1y Target Est | 16.75 |
- American City Business Journals
Here's how this new $25M Central Florida facility will boost NeoCity's capabilities
The area has a long way to go before it becomes the defense, manufacturing and tech hub planned by Osceola County officials, but the new building is a significant step forward for the area.
- American City Business Journals
This exec creates 'not your grandma's Tupperware' products for consumers in the kitchen and astronauts in space
The Orlando Business Journal recently spoke with Tupperware VP David Kusuma about the company's recent space project and the importance of research and development for the company.
- Simply Wall St.
Why Tupperware Brands Corporation (NYSE:TUP) Could Be Worth Watching
Tupperware Brands Corporation (NYSE:TUP), which is in the consumer durables business, and is based in United States...
- PR Newswire
Tupperware Brands Corporation Announces Third Quarter 2019 Results Conference Call Webcast
ORLANDO, Fla. , Oct. 3, 2019 /PRNewswire/ -- Tupperware Brands Corporation (NYSE: TUP) will release its third quarter 2019 results on Wednesday, October 30, 2019 , prior to the opening of the market, ...
- Bloomberg
Corporate America Binges on Debt After Promising Austerity
(Bloomberg) -- The great deleveraging that was supposed to sweep over corporate America is dead. Or, at least, on hold.Blue-chip companies have begun to ramp up borrowing again as central banks globally flood economies with money. Liabilities have reached their highest level relative to income since 2009, according to Morgan Stanley’s analysis of second-quarter data. The number of companies selling investment-grade debt this month through Thursday has surged 63% from the same period last year.It wasn’t supposed to be this way. Last year and at the beginning of 2019 corporations ranging from Verizon Communications Inc. to Tupperware Brands Corp. talked about their goals to cut debt levels. Companies were under pressure from both stock and bond investors who worried about borrowers’ liabilities. Around 40% of investment-grade companies now have obligations that are more consistent with junk ratings, according to Morgan Stanley. Credit raters use multiple factors beyond leverage to assess a company’s debt rating.For many companies, debt levels are now creeping higher, either by choice or involuntarily. Revenues are under pressure, and money is easy to raise. That tempts corporations to borrow to fund share buybacks and other moves that can boost earnings measures.The rising debt burdens that have resulted could make it harder for corporations to navigate any downturn that may be coming. Companies could find themselves with less cash to pay their obligations, and refinancing maturing bonds could be more difficult and expensive.“You would expect companies, as they sense the economy slowing, to start to prepare themselves to absorb what would likely be an impact to revenue,” said Jim Schaeffer, deputy chief investment officer at Aegon Asset Management in Chicago, which manages $380 billion of assets. “Instead, they’re looking at the incredibly inexpensive cost of debt and taking advantage of that to enhance returns for shareholders.”Read More In This Week’s Credit Brief: Cheating on the Debt Diet; Shut Out of Junk MarketDebt levels were growing even before the Federal Reserve started cutting rates in July. The ratio of a key income measure to net debt levels rose to 1.9 times at the end of the second quarter, a record high, according to Morgan Stanley research. The figure was closer to 1.76 times in the same quarter last year. That ratio was hurt by falling earnings and rising debt loads, as well as declining cash levels, Morgan Stanley strategists led by Vishwas Patkar wrote last week.The falling levels for the key income measure, earnings before interest, tax, depreciation and amortization, are also hurting companies’ ability to pay interest on their borrowings. The ratio of Ebitda to companies’ interest expense, known as the debt service coverage ratio, has fallen to 10.14 times, the lowest level since 2010, according to Morgan Stanley.The growing leverage levels can be seen in individual companies’ results. Tupperware’s total debt has climbed above $1 billion at the end of June from $889 million at the end of 2018, while its sales and earnings have been falling. The shift was enough for S&P Global Ratings to cut the company in August to junk from BBB-, the lowest investment-grade rating.Tupperware’s lack of sales growth and a financial performance that isn’t meeting its executives’ expectations are slowing the pace at which the company will meet its target for debt to Ebitda, said Jane Garrard, vice president of investor relations at the Orlando, Florida-based company.Some SuccessSome companies have managed to trim their debt loads. Verizon posted total debt of $134.8 billion for the end of the second quarter, down from $135.6 billion in the first quarter. Its borrowings also fell relative to Ebitda over that period, according to data compiled by Bloomberg. Kraft Heinz Co. has cut its total borrowings to $31.8 billion as of the end of June, down from $34.2 billion in the same period a year ago.Investment-grade companies are selling so much debt because investors are eager to gain more yield as the Fed cuts rates. September has been one of the busiest months on record, with corporations having sold more than $150 billion of high-grade bonds. For junk-rated companies, the story is in many cases different, as the riskiest of the risky have struggled to borrow.Decade of DebtOverall, blue-chip companies’ debt loads have been rising for most of the last decade, as they’ve financed acquisitions, bought back stock and taken other moves designed to boost earnings per share. The total value of U.S. investment-grade corporate bonds stands around $5.8 trillion, a record and more than triple the level in October 2008. Companies are hoping they can pay down some of that debt as profits roll in.Companies’ debt levels may not end up being a huge problem for corporate bonds, according to Dominique Toublan, head of U.S. credit strategy at BNP Paribas. The borrowers at the bottom end of the investment-grade spectrum, those rated in the BBB tier, don’t have much room to borrow more, so debt levels can only rise so much.“We don’t feel like it’s a big headwind for the market. It’s more like the tailwind is slowing down and it’s okay,” Toublan said.Investors Complacent?Companies may believe the economy is doing just fine and there’s time to pay down debt later. Recent indicators suggest that growth may be better than investors feared earlier this year, which sent the Bloomberg U.S. Economic Surprise Index to an 11-month high this week. And lower bond yields often allow companies to cut their interest costs when they refinance debt, which could improve measures like debt service coverage ratios.But corporate spending is still weak, and economists see a growing chance of a recession, according to a Bloomberg survey this month. Gains from lower interest costs may be offset by falling earnings. High-yield companies are facing downgrades at the fastest pace relative to upgrades since 2009, according to Bloomberg data.Rising leverage levels may be signaling something important: companies themselves aren’t really performing better now, even if their securities are doing well, Morgan Stanley’s Patkar said in an interview.“Maybe investors are being complacent about fundamentals also starting to improve,” Patkar said.(Updates with ratings factors in third paragraph. A previous version of the story corrected Tupperware’s debt in the ninth paragraph.)To contact the reporters on this story: Caleb Mutua in New York at dmutua@bloomberg.net;Molly Smith in New York at msmith604@bloomberg.netTo contact the editors responsible for this story: Nikolaj Gammeltoft at ngammeltoft@bloomberg.net, Dan WilchinsFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Simply Wall St.
What Kind Of Share Price Volatility Should You Expect For Tupperware Brands Corporation (NYSE:TUP)?
If you're interested in Tupperware Brands Corporation (NYSE:TUP), then you might want to consider its beta (a measure...
- PR Newswire
S&P Dow Jones Indices Announces Nine Companies Set to Join S&P MidCap 400; Ten Companies to Join S&P SmallCap 600
NEW YORK , Sept. 6, 2019 /PRNewswire/ -- S&P Dow Jones Indices will make the following index adjustments to the S&P MidCap 400 and S&P SmallCap 600 to ensure each index more appropriately represents its ...
- Simply Wall St.
Is Tupperware Brands (NYSE:TUP) A Risky Investment?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
- GuruFocus.com
Wallace Weitz's 5 Largest Adds of 2nd Quarter
Investor increases positions in Box, Markel and more, keeps Berkshire Hathaway top holding Continue reading...
- PR Newswire
Tupperware Brands Corporation Declares Quarterly Dividend
ORLANDO, Fla. , Aug. 7, 2019 /PRNewswire/ -- (NYSE: TUP) Tupperware Brands Corporation announced today that its Board of Directors declared the Company's regular quarterly dividend of 27 cents per share, ...
- Thomson Reuters StreetEvents
Edited Transcript of TUP earnings conference call or presentation 24-Jul-19 12:30pm GMT
Q2 2019 Tupperware Brands Corp Earnings Call
- Simply Wall St.
Why Tupperware Brands Corporation’s (NYSE:TUP) Return On Capital Employed Is Impressive
Today we'll look at Tupperware Brands Corporation (NYSE:TUP) and reflect on its potential as an investment...
- Motley Fool
Why Shares of Tupperware Brands Slumped Today
Sales are tumbling, and the company doesn't expect things to improve this year.
Motley FoolTupperware Brands Corporation (TUP) Q2 2019 Earnings Call Transcript
TUP earnings call for the period ending June 29, 2019.
- TheStreet.com
[video]Tupperware Melts on Weak Second-Quarter Earnings, Slashed Forecast
Tupperware slides after reporting earnings and sales that miss expectations amid the ongoing U.S.-China trade war as well as the impact of a stronger U.S. dollar.
- MarketWatch
Tupperware shares slide 14% premarket after earnings miss and soft guidance
Tupperware Brands Corp. shares slid 14% in premarket trade Wednesday, after the distributor of household and personal care products missed profit and sales estimates for the second quarter and offered guidance that lags consensus. Orlando, Fla.-based Tupperware said it had net income of $39.4 million, or 81 cents a share, in the quarter, down from $63.8 million, or $1.26 a share, in the year-earlier period. Adjusted per-share earnings came to 98 cents, below the $1.00 FactSet consensus. Sales fell to $475.3 million from $535.4 million, also below the $492.0 million FactSet consensus. "Overall, the business fell short of our expectations in some markets as geopolitical concerns and lower consumer spending headwinds in two of our key markets resulted in a miss of our local currency sales expectations as we worked to adjust our product and promotion mix accordingly," Chief Executive Tricia Stitzel said in a statement. The company is now expecting third-quarter EPS of 67 cents to 72 cents, below the FactSet consensus of 88 cents. For fiscal 2019, it expects EPS of $2.94 to $3.09, below the $3.97 FactSet consensus. Shares have fallen 44% in 2019, while the S&P 500 has gained 20%.
- PR Newswire
Tupperware Brands Reports Second Quarter 2019 Results
GAAP diluted E.P.S. was $0.81 and Adjusted*, diluted E.P.S. was $0.98 Adjusted* diluted E.P.S. and pre-tax return on sales within the guidance range Company revises full-year financial guidance ORLANDO, ...
- ACCESSWIRE
Tupperware Brands Corp. to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / July 24, 2019 / Tupperware Brands Corp. (NYSE: TUP ) will be discussing their earnings results in their 2019 Second Quarter Earnings to be held on July 24, 2019 at 8:30 AM Eastern ...
- PR Newswire
Tupperware Brands Corporation Announces Second Quarter 2019 Results Conference Call Webcast
ORLANDO, Fla. , June 26, 2019 /PRNewswire/ -- Tupperware Brands Corporation (NYSE: TUP) will release its second quarter 2019 results on Wednesday, July 24, 2019 , prior to the opening of the market, followed ...
- Simply Wall St.
A Holistic Look At Tupperware Brands Corporation (NYSE:TUP)
Tupperware Brands Corporation (NYSE:TUP) is a stock with outstanding fundamental characteristics. When we build an...
- Moody's
Tupperware Brands Corporation -- Moody's announces completion of a periodic review of ratings of Tupperware Brands Corporation
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Tupperware Brands Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
- Markit
See what the IHS Markit Score report has to say about Tupperware Brands Corp.
Tupperware Brands Corp NYSE:TUPView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for TUP with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting TUP. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding TUP totaled $67.95 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
