Topic: Growth Stocks

Wall Street Stock Forecaster Hotline – Friday, February 1, 2013

Article Excerpt

TUPPERWARE BRANDS CORP., $76.77, New York symbol TUP, rose 10% this week after it reported better-than-expected earnings. It also raised its dividend and announced that it would buy back more of its shares. The company makes household products, including educational toys and plastic food and beverage containers. It also manufactures a wide range of cosmetics, bath oils and fragrances. In 2012, Tupperware’s earnings rose 3.0%, to $281.4 million from $273.3 million in 2011. Due to fewer shares outstanding, earnings per share rose at a much faster pace of 12.1%, to $4.99 from $4.45. That beat the consensus estimate of $4.96. Sales fell 0.1%, to $2.58 billion from $2.59 billion. However, that’s because the high U.S. dollar is lowering the contribution of Tupperware’s overseas businesses. On a constant-currency basis, sales would have risen 5%. The company continues to see strong demand in fast-growing economies, such as Asia and Latin America. It now gets 60% of its sales from these markets. That’s helping it…