This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Why Tupperware Brands (TUP) is Falling on Wednesday

NEW YORK (TheStreet) -- Tupperware Brands (TUP) tumbled after reporting fourth-quarter results below expectations and issuing weak guidance for fiscal 2014. Shares had taken off 5% to $79.55 by late morning.

The homewares direct seller recorded net income of $1.81 a share for the December-ended quarter, three cents short of Thomson Reuters' expectations. Revenue of $717 million was $10.77 million under consensus.

Over fiscal 2013, full-year net income of $1.71 a share fell far below the $5.48 a share expected by analysts. Revenue of $2.67 billion was 3.4% higher than a year earlier but missed consensus by $11 million.

To the year ahead, the company expects to see sales decline 1% to 3% over the first quarter, with growth flat to 2% higher for the full year. Earnings are expected in the range of $5.51 to $5.56 a share, below expectations of $6.02 a share.

"As we look to 2014, we remain focused on providing a good return to our investors, while continuing to invest at appropriate levels in our business units," said CEO Rick Goings in a statement.

Tupperware's board approved a quarterly dividend of 68 cents a share, a 9.7% increase on the prior dividend, payable on April 4 to shareholders of record by March 19.

TheStreet Ratings team rates TUPPERWARE BRANDS CORP as a Buy with a ratings score of B+. The team has this to say about their recommendation:

"We rate TUPPERWARE BRANDS CORP (TUP) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, notable return on equity, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,970.60 -11.99 -0.07%
S&P 500 1,977.08 -1.83 -0.09%
NASDAQ 4,455.4080 +10.4990 0.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs