Tupperware Brands Corporation (NYSE: TUP) stock jumped 12.06% on Tuesday to $0.95 against a previous-day closing price of $0.85. With 3.19 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.54 million shares. During the session, the Packaging & Containers company that operates in wider Consumer Cyclical sector, reached to the highest price of $0.9800 whereas the lowest price it dropped to was $0.8276. The 52-week range on TUP shows that it touched its highest point at $12.86 and its lowest point at $0.66 during that stretch. It currently has a 1-year price target of $4.00. Beta for the stock currently stands at 2.23.
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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 up-trending over the past week, with a rise of 24.97%, but this was down by -20.05% over a month. Three-month performance dropped to -75.03% while six-month performance fell -79.32%. The stock lost -84.27% in the past year, while it has lost -77.02% so far this year. A look at the trailing 12-month EPS for TUP yields -0.65 with Next year EPS estimates of 0.83. For the next quarter, that number is -0.03. This implies an EPS growth rate of 38.50% for this year and 93.50% 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 Apr 27, 2023, short shares totaled 7.88 million, which was 17.73% higher than short shares on Mar 30, 2023. 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 65.56% of TUP’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 37.51% of TUP, in contrast to 27.05% held by mutual funds. Shares owned by individuals account for 11.36%. As the largest shareholder in TUP with 5.93% of the stake, BlackRock Fund Advisors holds 2,638,300 shares worth 2,638,300. A second-largest stockholder of TUP, The Vanguard Group, Inc., holds 2,308,000 shares, controlling over 5.19% of the firm’s shares. Millennium Management LLC is the third largest shareholder in TUP, holding 2,111,654 shares or 4.75% stake. With a 3.01% stake in TUP, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 1,336,831 shares are owned by the mutual fund manager. The Schwab Fundamental US Small Compa, which owns about 2.67% of TUP stock, is the second-largest Mutual Fund holder. It holds 1,185,837 shares valued at 1.48 million. iShares Russell 2000 ETF holds 2.09% of the stake in TUP, owning 930,557 shares worth 1.16 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Dec 30, 2022, TUP reported revenue of $340.40M and operating income of $33.80M. The EBITDA in the recently reported quarter was $34.30M and diluted EPS was $0.02.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TUP since 0 analysts follow the stock currently. 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 $4.00 and a low target of $4.00, the average target price over the next 12 months is $4.00. Based on these targets, TUP could surge 321.05% to reach the target high and rise by 321.05% to reach the target low. Reaching the average price target will result in a growth of 321.05% 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.
Summary of Insider Activity:
Insiders traded TUP stock several times over the past three months with 9 Buys and 11 Sells. In these transactions, 761,383 shares were bought while 69,108 shares were sold. The number of buy transactions has increased to 37 while that of sell transactions has risen to 13 over the past year. The total number of shares bought during that period was 1,986,270 while 73,465 shares were sold.