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

Turning Point Brands (NYSE:TPB) is projected to announce its earnings results before the market opens on Thursday, March 6th. Analysts expect the company to announce earnings of $0.65 per share and revenue of $99.96 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Turning Point Brands Trading Up 0.6 %

Shares of NYSE:TPB opened at $68.95 on Thursday. Turning Point Brands has a 52-week low of $22.69 and a 52-week high of $70.99. The company has a market capitalization of $1.22 billion, a P/E ratio of 27.36 and a beta of 0.65. The company has a 50-day simple moving average of $61.64 and a 200 day simple moving average of $52.54. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.78 and a current ratio of 4.21.

Turning Point Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 21st will be given a dividend of $0.075 per share. This is an increase from Turning Point Brands’s previous quarterly dividend of $0.07. This represents a $0.30 annualized dividend and a yield of 0.44%. Turning Point Brands’s dividend payout ratio (DPR) is 11.11%.

Analyst Ratings Changes

TPB has been the subject of a number of analyst reports. Oppenheimer initiated coverage on shares of Turning Point Brands in a research report on Thursday, November 14th. They issued an “outperform” rating and a $65.00 price target for the company. Roth Mkm reissued a “buy” rating and issued a $70.00 price objective on shares of Turning Point Brands in a research note on Friday, January 10th. StockNews.com cut shares of Turning Point Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Roth Capital raised shares of Turning Point Brands to a “strong-buy” rating in a research note on Friday, November 8th. Finally, Craig Hallum lifted their price target 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. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price 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.