This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
TheStreet Open House

Why Tupperware Brands (TUP) is Falling on Wednesday

Stocks in this article: TUP

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."

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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 16,461.32 -153.49 -0.92%
S&P 500 1,927.11 -14.17 -0.73%
NASDAQ 4,382.8470 -36.6310 -0.83%

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