Topic: Growth Stocks

Wall Street Stock Forecaster Hotline – Friday, February 4, 2011

Article Excerpt

TUPPERWARE BRANDS CORP., $53.77, New York symbol TUP, rose 17% this week after it reported better-than-expected earnings. The company makes high-quality products for the home, including plastic food and beverage containers and children’s educational toys. It also makes wide range of cosmetics, bath oils and fragrances. In 2010, Tupperware earned $225.6 million, or $3.53 a share. That’s up 28.8% from $175.1 million, or $2.75 a share, in 2009. If you exclude unusual items, such as a writedown of goodwill, earnings per share would have risen 20.8%, to $3.72 from $3.08. On this basis, the 2010 earnings beat the consensus estimate of $3.60 a share by 3.3%. Revenue rose 8.1% in 2010, to $2.3 billion from $2.1 billion. The company gets over 85% of its revenue from outside the U.S. If you exclude the impact of foreign-exchange rates, revenue would have risen 6.0% in 2010. Thanks to its improving earnings, Tupperware plans to spend $160 million on share buybacks in 2011. That’s up…