Tupperware Brands Corporation (NYSE: TUP) stock jumped 4.31% on Monday to $4.36 against a previous-day closing price of $4.18. With 0.76 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.4 million shares. During the session, the Packaging & Containers company that operates in wider Consumer Cyclical sector, reached to the highest price of $4.5200 whereas the lowest price it dropped to was $4.2700. The 52-week range on TUP shows that it touched its highest point at $21.10 and its lowest point at $3.74 during that stretch. It currently has a 1-year price target of $6.17. Beta for the stock currently stands at 2.29.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TUP was down-trending over the past week, with a drop of -4.39%, but this was up by 15.04% over a month. Three-month performance dropped to -37.89% while six-month performance fell -38.76%. The stock lost -69.32% in the past year, while it has gained 5.31% so far this year. A look at the trailing 12-month EPS for TUP yields 0.36 with Next year EPS estimates of 0.89. For the next quarter, that number is 0.23. This implies an EPS growth rate of 38.50% for this year and -1.00% for next year. EPS is expected to grow by 12.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -7.80%.
Float and Shares Shorts:
At present, 44.50 million TUP shares are outstanding with a float of 37.92 million shares on hand for trading. On Oct 13, 2022, short shares totaled 3.6 million, which was 8.10% higher than short shares on Sep 14, 2022. In addition to Mr. Miguel Angel Fernandez as the firm’s Pres, CEO & Director, Mr. Richard P. Goudis serves as its Exec. Vice Chairman.
Through their ownership of 69.78% of TUP’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 9.55% of TUP, in contrast to 36.81% held by mutual funds. Shares owned by individuals account for 28.11%. As the largest shareholder in TUP with 13.71% of the stake, BlackRock Fund Advisors holds 6,096,305 shares worth 6,096,305. A second-largest stockholder of TUP, The Vanguard Group, Inc., holds 2,922,823 shares, controlling over 6.57% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in TUP, holding 1,777,435 shares or 4.00% stake. With a 2.98% stake in TUP, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 1,325,011 shares are owned by the mutual fund manager. The Allspring Special Small Cap Value, which owns about 2.95% of TUP stock, is the second-largest Mutual Fund holder. It holds 1,313,437 shares valued at 5.44 million. iShares Russell 2000 ETF holds 2.24% of the stake in TUP, owning 994,647 shares worth 4.12 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TUP since 3 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With TUP analysts setting a high price target of $9.00 and a low target of $4.50, the average target price over the next 12 months is $6.17. Based on these targets, TUP could surge 106.42% to reach the target high and rise by 3.21% to reach the target low. Reaching the average price target will result in a growth of 41.51% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. TUP will report FY 2022 earnings on 02/21/2024. Analysts have provided yearly estimates in a range of $0.97 being high and $0.77 being low. For TUP, this leads to a yearly average estimate of $0.90. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Tupperware Brands Corporation surprised analysts by -$0.28 when it reported $0.14 EPS against a consensus estimate of $0.42. The surprise factor in the prior quarter was $0.23. Based on analyst estimates, the high estimate for the next quarter is $0.29 and the low estimate is $0.09. The average estimate for the next quarter is thus $0.22.
Summary of Insider Activity:
Insiders traded TUP stock several times over the past three months with 4 Buys and 0 Sells. In these transactions, 729,281 shares were bought while 0 shares were sold. The number of buy transactions has increased to 50 while that of sell transactions has risen to 9 over the past year. The total number of shares bought during that period was 1,472,245 while 80,957 shares were sold.