Turning Point Brands (NYSE:TPB - Get Free Report) will announce its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.67 per share for the quarter. Investors interested in registering for the company's conference call can do so using this link.
Turning Point Brands (NYSE:TPB - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.82 earnings per share for the quarter. Turning Point Brands had a return on equity of 36.11% and a net margin of 11.36%. The firm had revenue of $108.51 million during 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 Trading Up 1.3 %
TPB stock traded up $0.62 during midday trading on Thursday, hitting $47.25. The company had a trading volume of 124,925 shares, compared to its average volume of 115,113. The company has a current ratio of 1.80, a quick ratio of 1.17 and a debt-to-equity ratio of 1.43. Turning Point Brands has a 52 week low of $19.83 and a 52 week high of $47.89. The stock's 50 day moving average price is $41.58 and its 200 day moving average price is $36.40. The stock has a market cap of $832.64 million, a price-to-earnings ratio of 20.60 and a beta of 0.63.
Analyst Ratings Changes
Several analysts have weighed in on TPB shares. Benchmark reiterated a "buy" rating and issued a $45.00 price objective on shares of Turning Point Brands in a research report on Friday, August 2nd. Roth Capital upgraded Turning Point Brands to a "strong-buy" rating in a report on Thursday, September 19th. StockNews.com downgraded Turning Point Brands from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 24th. Finally, Roth Mkm initiated coverage on Turning Point Brands in a report on Thursday, September 19th. They set a "buy" rating and a $50.00 target price for the company.
Check Out Our Latest Research Report on TPB
Insider Activity at Turning Point Brands
In related news, Director Gregory H.A. Baxter sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $39.42, for a total transaction of $78,840.00. Following the completion of the transaction, the director now owns 46,544 shares in the company, valued at $1,834,764.48. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.20% of the stock is owned by corporate insiders.
Turning Point Brands Company Profile
(
Get Free Report)
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.
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