Turning Point Brands (TPB) Projected to Post Earnings on Wednesday

Turning Point Brands (NYSE:TPB - Get Free Report) is expected to post its quarterly earnings results before the market opens on Wednesday, February 26th. Analysts expect Turning Point Brands to post earnings of $0.74 per share and revenue of $99.96 million for the quarter.

Turning Point Brands Price Performance

Shares of NYSE:TPB traded down $0.17 on Thursday, reaching $69.22. 257,820 shares of the company were exchanged, compared to its average volume of 215,370. The company has a 50-day moving average of $61.18 and a 200-day moving average of $51.65. The company has a current ratio of 4.21, a quick ratio of 1.78 and a debt-to-equity ratio of 1.33. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 27.47 and a beta of 0.65. Turning Point Brands has a 1-year low of $22.47 and a 1-year high of $70.99.

Analyst Ratings Changes

A number of research firms recently commented on TPB. Craig Hallum increased their price objective on Turning Point Brands from $60.00 to $75.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. StockNews.com cut shares of Turning Point Brands from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Oppenheimer started coverage on shares of Turning Point Brands in a report on Thursday, November 14th. They set an "outperform" rating and a $65.00 price target for the company. Benchmark upped their price objective on shares of Turning Point Brands from $45.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Finally, Roth Mkm reiterated a "buy" rating and issued a $70.00 price target on shares of Turning Point Brands in a report on Friday, January 10th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $68.75.

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.