Tupperware Brands (TUP) has a market cap of $3.1 billion and fell 0.47% to close at $58.90 per share on November 18, 2016. The stock’s weekly, monthly, and YTD (year-to-date) price movements were 0.49%, -1.9%, and 9.6%, respectively, on the same day.
TUP is now trading 0.66% below its 20-day moving average, 5.2% below its 50-day moving average, and 1.5% above its 200-day moving average.
Related ETF and peers
The Vanguard Small-Cap Value ETF (VBR) invests 0.15% of its holdings in Tupperware. The YTD price movement of VBR was 19.4% on November 18.
The market cap of Tupperware’s competitors are as follows:
Dividend and 3Q16 performance
Tupperware Brands has declared a regular quarterly dividend of $0.68 per share on its common stock. The dividend will be paid on January 6, 2017, to shareholders of record as of December 20, 2016.
Tupperware Brands reported fiscal 3Q16 net sales of $521.8 million—a YoY (year-over-year) rise of 0.15% over its net sales of $521.0 million in fiscal 3Q15. Net sales from its Europe, Beauty North America, and Asia-Pacific segments fell 9.8%, 19.3%, and 1.3%, respectively. Net sales from its South America and TW North America segments rose 30.4% and 3.8%, respectively, between fiscal 3Q15 and fiscal 3Q16.
The company’s gross profit margin and operating margin rose 80 basis points and 560 basis points, respectively. It reported gains on disposal of assets of $24.2 million in fiscal 3Q16, as compared with $2.0 million in fiscal 3Q15.
Net income, EPS, and cash
The company’s net income and EPS (earnings per share) rose to $48.8 million and $0.96, respectively, in fiscal 3Q16, as compared with $36.2 million and $0.72, respectively, in fiscal 3Q15.
Tupperware Brands’ cash and cash equivalents rose 23.4% between fiscal 4Q15 and fiscal 3Q16. Its current ratio rose to 1.0x, and its long-term debt-to-equity ratio fell to 3.2x in fiscal 3Q16, as compared with 0.90x and 3.8x, respectively, in fiscal 4Q15.
Tupperware has made the following projections for fiscal 4Q16:
- US dollar sales growth in the range of 5%–7%
- EPS in the range of $1.34–$1.39
- local currency sales growth in the range of 4%–6%
The company has made the following projections for fiscal 2016:
- US dollar sales growth of approximately -2%
- EPS in the range of $4.20–$4.25
- local currency sales growth of ~3%
- tax rate of ~27.6% on a GAAP (generally accepted accounting principles) basis
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