Turning Point Brands (NYSE:TPB) Announces Earnings Results, Misses Estimates By $0.12 EPS

Turning Point Brands (NYSE:TPB - Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.65 by ($0.12), Zacks reports. Turning Point Brands had a return on equity of 33.14% and a net margin of 11.63%. The firm had revenue of $93.67 million during the quarter, compared to analysts' expectations of $99.96 million.

Turning Point Brands Stock Performance

Shares of Turning Point Brands stock traded down $0.01 during trading on Friday, reaching $61.55. The company's stock had a trading volume of 435,579 shares, compared to its average volume of 145,140. The company has a 50-day moving average price of $62.90 and a two-hundred day moving average price of $53.92. The firm has a market cap of $1.09 billion, a PE ratio of 24.43 and a beta of 0.74. Turning Point Brands has a fifty-two week low of $26.35 and a fifty-two week high of $72.54. The company has a current ratio of 4.21, a quick ratio of 1.78 and a debt-to-equity ratio of 1.33.

Turning Point Brands Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 21st will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.49%. This is a boost from Turning Point Brands's previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Friday, March 21st. Turning Point Brands's payout ratio is presently 11.90%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TPB. Roth Capital raised shares of Turning Point Brands to a "strong-buy" rating in a report on Friday, November 8th. Craig Hallum raised their price objective on shares of Turning Point Brands from $60.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Oppenheimer began coverage on shares of Turning Point Brands in a report on Thursday, November 14th. They set an "outperform" rating and a $65.00 price objective on the stock. StockNews.com raised shares of Turning Point Brands from a "hold" rating to a "buy" rating in a report on Monday, March 3rd. Finally, Benchmark raised their price objective on shares of Turning Point Brands from $45.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $71.00.

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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.