Tupperware (TUP) Stock Gains on Q2 Earnings, Revenue Beat

Tupperware (TUP) stock is higher this afternoon on better-than-expected second-quarter results.
By Rachel Graf ,

NEW YORK (TheStreet) -- Shares of Tupperware Brands (TUP) - Get Report are surging 8.82% to $63.19 on heavy trading volume Wednesday afternoon after reporting second-quarter earnings and revenues that topped analysts' estimates. 

Before the market open, the Tupperware manufacturer reported adjusted earnings of $1.16 per share, beating analysts' estimates of $1.10 per share.

Revenue declined 4% year-over-year to $564.7 million but nonetheless came in above analysts' projections of $559.9 million.

For the full year, the company cut its 2016 adjusted earnings guidance to between $4.25 and $4.35 per share. Tupperware Brands had previously projected earnings between $4.28 and $4.38 per share for the year. 

About 1.67 million shares of Tupperware Brands have been traded so far today vs. its average trading volume of roughly 681,303 shares per day. 

Separately, TheStreet Ratings team rates the stock as a "buy" with a ratings score of B.

Tupperware's strengths such as its notable return on equity, growth in earnings per share, good cash flow from operations, expanding profit margins and increase in net income outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

You can view the full analysis from the report here: TUP

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author. 

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