TUP - Tupperware Brands Corporation

NYSE - NYSE Delayed Price. Currency in USD
16.10
+0.09 (+0.56%)
At close: 4:00PM EDT

16.10 0.00 (0.00%)
After hours: 4:15PM EDT

Stock chart is not supported by your current browser
Previous Close16.01
Open16.02
Bid16.07 x 1000
Ask16.28 x 900
Day's Range15.67 - 16.26
52 Week Range12.00 - 38.90
Volume585,216
Avg. Volume943,321
Market Cap775.167M
Beta (3Y Monthly)0.55
PE Ratio (TTM)5.95
EPS (TTM)2.70
Earnings DateOct. 30, 2019
Forward Dividend & Yield1.08 (7.23%)
Ex-Dividend Date2019-09-17
1y Target Est16.75
Trade prices are not sourced from all markets
  • Why Tupperware Brands Corporation (NYSE:TUP) Could Be Worth Watching
    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...

  • Corporate America Binges on Debt After Promising Austerity
    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.

  • What Kind Of Share Price Volatility Should You Expect For Tupperware Brands Corporation (NYSE:TUP)?
    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...

  • Is Tupperware Brands (NYSE:TUP) A Risky Investment?
    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...

  • 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

  • Why Tupperware Brands Corporation’s (NYSE:TUP) Return On Capital Employed Is Impressive
    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...

  • Why Shares of Tupperware Brands Slumped Today
    Motley Fool

    Why Shares of Tupperware Brands Slumped Today

    Sales are tumbling, and the company doesn't expect things to improve this year.

  • Tupperware Brands Corporation (TUP) Q2 2019 Earnings Call Transcript
    Motley Fool

    Tupperware Brands Corporation (TUP) Q2 2019 Earnings Call Transcript

    TUP earnings call for the period ending June 29, 2019.

  • 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 ...

  • A Holistic Look At Tupperware Brands Corporation (NYSE:TUP)
    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...

  • Did You Manage To Avoid Tupperware Brands's (NYSE:TUP) Devastating 74% Share Price Drop?
    Simply Wall St.

    Did You Manage To Avoid Tupperware Brands's (NYSE:TUP) Devastating 74% Share Price Drop?

    We think intelligent long term investing is the way to go. But unfortunately, some companies simply don't succeed. For...

  • Motley Fool

    How Do Multilevel Marketing Companies Make Their Money?

    It's often not through selling to the public.

  • Motley Fool

    The Trouble With Multilevel Marketing Schemes

    Bob Everyman listened to this podcast, and now he makes $7,000 a month (aka, why MLMs are a waste of time and money).

  • What Kind Of Shareholders Own Tupperware Brands Corporation (NYSE:TUP)?
    Simply Wall St.

    What Kind Of Shareholders Own Tupperware Brands Corporation (NYSE:TUP)?

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! If you want to know who really controls Tupperware Brands Corporation (NYSE:TUP), then you'll have to...

  • Thomson Reuters StreetEvents

    Edited Transcript of TUP earnings conference call or presentation 24-Apr-19 12:30pm GMT

    Q1 2019 Tupperware Brands Corp Earnings Call

  • Tupperware Brands (TUP) Q1 2019 Earnings Call Transcript
    Motley Fool

    Tupperware Brands (TUP) Q1 2019 Earnings Call Transcript

    TUP earnings call for the period ending March 30. 2019.

  • What You Must Know About Tupperware Brands Corporation's (NYSE:TUP) Beta Value
    Simply Wall St.

    What You Must Know About Tupperware Brands Corporation's (NYSE:TUP) Beta Value

    Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! Anyone researching Tupperware Brands Corporation (NYSE:TUP) might want to consider the historical volatility of the share pri...

  • Is Tupperware Brands (TUP) a Good Pick for Value Investors?
    Zacks

    Is Tupperware Brands (TUP) a Good Pick for Value Investors?

    Tupperware Brands (TUP) stock may be a good choice for value-oriented investors right now.

  • Zacks Value Trader Highlights: Kraft Heinz, General Electric, Tupperware, Philip Morris and Phillips 66 Partners LP
    Zacks

    Zacks Value Trader Highlights: Kraft Heinz, General Electric, Tupperware, Philip Morris and Phillips 66 Partners LP

    Zacks Value Trader Highlights: Kraft Heinz, General Electric, Tupperware, Philip Morris and Phillips 66 Partners LP

  • GlobeNewswire

    Market Trends Toward New Normal in Conagra Brands, Camden Property Trust, AxoGen, Tupperware Brands, Preferred Apartment Communities, and Dorman Products — Emerging Consolidated Expectations, Analyst Ratings

    NEW YORK, March 01, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.

  • Are There Any "Safe" Stocks?
    Zacks

    Are There Any "Safe" Stocks?

    Several older blue-chip companies have seen their shares plunge over the last 6 months on bad news, including dividend cuts.

  • Dividend Hunters Should Consider Tupperware Brands Corporation (NYSE:TUP), With A 9.0% Yield
    Simply Wall St.

    Dividend Hunters Should Consider Tupperware Brands Corporation (NYSE:TUP), With A 9.0% Yield

    Over the past 10 years Tupperware Brands Corporation (NYSE:TUP) has grown its dividend payouts from $0.88 to $2.72. With a market cap of US$1.5b, Tupperware Brands pays out 87% ofRead More...

  • Decoding Tupperware's Recent Earnings Miss
    Motley Fool

    Decoding Tupperware's Recent Earnings Miss

    Tupperware's stock fell over 20% after its recent earnings miss. The company has announced a turnaround plan, but will it succeed?

  • Sanderson Farms (SAFM) Q1 Earnings Likely to Fall: Here's Why
    Zacks

    Sanderson Farms (SAFM) Q1 Earnings Likely to Fall: Here's Why

    Sanderson Farms' (SAFM) fiscal Q1 earnings are likely to be impacted by high freight and SG&A expenses. However, solid export sales trend is likely to provide some cushion.

  • Thomson Reuters StreetEvents

    Edited Transcript of TUP earnings conference call or presentation 30-Jan-19 1:30pm GMT

    Q4 2018 Tupperware Brands Corp Earnings Call