Turning Point Brands (TPB) to Release Quarterly Earnings on Thursday

Turning Point Brands (NYSE:TPB) will issue its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.67 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Turning Point Brands (NYSE:TPB) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.82 earnings per share for the quarter. Turning Point Brands had a net margin of 11.36% and a return on equity of 36.11%. The firm had revenue of $108.51 million for the quarter. On average, analysts expect Turning Point Brands to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Turning Point Brands Price Performance

Shares of TPB stock opened at $46.62 on Thursday. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.80 and a quick ratio of 1.17. The company has a market capitalization of $821.54 million, a PE ratio of 20.73 and a beta of 0.63. The firm’s 50-day moving average is $41.44 and its two-hundred day moving average is $36.32. Turning Point Brands has a 12 month low of $19.83 and a 12 month high of $47.40.

Insider Activity

In other news, Director Gregory H.A. Baxter sold 2,000 shares of Turning Point Brands stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $39.42, for a total value of $78,840.00. Following the completion of the sale, the director now directly owns 46,544 shares of the company’s stock, valued at approximately $1,834,764.48. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 5.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Roth Mkm began coverage on Turning Point Brands in a report on Thursday, September 19th. They issued a “buy” rating and a $50.00 price objective on the stock. Roth Capital raised Turning Point Brands to a “strong-buy” rating in a research note on Thursday, September 19th. Benchmark reissued a “buy” rating and set a $45.00 target price on shares of Turning Point Brands in a research note on Friday, August 2nd. Finally, StockNews.com cut Turning Point Brands from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 24th.

Turning Point Brands Company Profile

Turning Point Brands, Inc, together with its subsidiaries, manufactures, markets, and distributes branded consumer products. The company operates through three segments: Zig-Zag Products, Stoker’s Products, and Creative Distribution Solutions. Zig-Zag Products segment markets and distributes rolling papers, tubes, finished cigars, make-your-own cigar wraps, and related products, as well as lighters and other accessories under the Zig-Zag brand.