August 8, 2020

Stock News Alert: Tupperware Brands Corporation (NYSE:TUP)

Tupperware Brands Corporation (NYSE:TUP) moved -9.12% to recent value of $7.77. The stock transacted 2499332 shares during most recent day however it has an average volume of 1.79M shares. It spotted trading -79.89% off 52-week high price. On the other end, the stock has been noted 8.52% away from the low price over the last 52-weeks.

On Jan. 24, 2020, Tupperware Brands Corporation (NYSE:TUP) declared that E.V. (Rick) Goings, Chairman Emeritus of Tupperware Brands, will retire from the Board, effective February 19, 2020.

Leaving the Tupperware Brands board will allow me to focus on my philanthropic work, especially as Chairman and Co-Founder of the World Federation of Youth Clubs, which supports youth service organizations around the world, said Mr. Goings.

We would like to thank Rick for his service and leadership at Tupperware, said Susan M. Cameron, Chairman of the Board of Tupperware Brands. Rick has been a visionary leader at the Company, and we look forward to following his next chapter as he turns his focus to his valuable philanthropic work.

This move will bring the Tupperware Brands Board of Directors to 10 members, with board member Christopher O’Leary currently serving as Interim CEO of the Company.

 TUP has a gross margin of 66.50% and an operating margin of 12.20% while its profit margin remained 5.40% for the last 12 months. Its earnings per share (EPS) expected to touch remained 90.70% for this year while earning per share for the next 5-years is expected to reach at 12.00%.

 The company has 48.80M of outstanding shares and 48.16M shares were floated in the market. According to the most recent quarter its current ratio was 0.8 that represents company’s ability to meet its current financial obligations. The price moved ahead of -8.87% from the mean of 20 days, -7.18% from mean of 50 days SMA and performed -49.44% from mean of 200 days price. Company’s performance for the week was -16.72%, -8.37% for month and YTD performance remained -9.44%.

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