The firm also lowered its earnings estimates for Tupperware to $5.18 per share from $5.25 per share for 2014. For fiscal 2015 BMO reduced its earnings forecast to $5 from $5.25 per share, and for 2016 the firm lowered its estimates to $5.35 from $5.60 per share.
BMO said it reduced its numbers on the household storage, serving, and preparations solutions provider based on "continued weakness in important currencies since our December 4 downgrade and the 31% increase in the price of gasoline in Indonesia, partially offset by early signs of declining resin prices."
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Separately, TheStreet Ratings team rates TUPPERWARE BRANDS CORP as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate TUPPERWARE BRANDS CORP (TUP) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, weak operating cash flow and a generally disappointing performance in the stock itself."