KeyBanc Research Analysts Decreases Earnings Estimates for Tupperware Brands

Stock analysts at KeyBanc cut their FY2015 earnings per share (EPS) estimates for shares of TupperwareBrands (NYSE:TUP) in a research report issued to clients and investors on Tuesday, according to Zacks Investment Research. KeyBanc analyst J. Gere now forecasts that the brokerage will post earnings per share of $4.40 for the year, down from their previous estimate of $4.43. The consensus estimate for Tupperware Brands’ FY2015 earnings is $4.42 per share.

TUP has been the topic of several other reports. Piper Jaffray restated a “buy” rating and issued a $70.00 price target (down previously from $75.00) on shares of Tupperware Brands in a research report on Tuesday, October 13th. Sidoti upgraded shares of Tupperware Brands from a “neutral” rating to a “buy” rating and set a $64.00 target price on the stock in a research report on Thursday, August 27th. Bank of America downgraded shares of Tupperware Brands from a “neutral” rating to an “underperform” rating and upped their price objective for the stock from $54.67 to $56.00 in a report on Thursday, October 8th. They noted that the move was a valuation call. B. Riley reiterated a “neutral” rating and issued a $67.00 target price on shares of Tupperware Brands in a research note on Thursday, October 22nd. Finally, Zacks upgraded shares of Tupperware Brands from a “sell” rating to a “hold” rating in a research report on Monday, October 19th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $63.83.

Shares of Tupperware Brands (NYSE:TUP) traded down 2.37% during midday trading on Friday, hitting $58.20. 205,631 shares of the stock traded hands. The stock has a market capitalization of $2.93 billion and a P/E ratio of 13.99. The firm has a 50-day moving average price of $54.69 and a 200-day moving average price of $59.94. Tupperware Brands has a 52 week low of $47.85 and a 52 week high of $72.93.