What is Roth Capital’s Estimate for TPB FY2024 Earnings?

Turning Point Brands, Inc. (NYSE:TPB) – Stock analysts at Roth Capital decreased their FY2024 EPS estimates for Turning Point Brands in a research report issued to clients and investors on Tuesday, February 25th. Roth Capital analyst N. Anderson now expects that the company will earn $2.56 per share for the year, down from their previous forecast of $2.62. Roth Capital currently has a “Strong-Buy” rating on the stock. The consensus estimate for Turning Point Brands’ current full-year earnings is $2.59 per share. Roth Capital also issued estimates for Turning Point Brands’ Q4 2024 earnings at $0.57 EPS, Q1 2025 earnings at $0.73 EPS, Q2 2025 earnings at $0.76 EPS, Q3 2025 earnings at $0.82 EPS, Q4 2025 earnings at $0.87 EPS and FY2025 earnings at $3.17 EPS.

Other research analysts also recently issued reports about the company. Oppenheimer assumed coverage on Turning Point Brands in a research note on Thursday, November 14th. They set an “outperform” rating and a $65.00 target price for the company. StockNews.com cut shares of Turning Point Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Craig Hallum boosted their price target 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. Benchmark boosted their price objective on shares of Turning Point Brands from $45.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, Roth Mkm reissued a “buy” rating and issued a $70.00 target price on shares of Turning Point Brands in a report on Friday, January 10th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Turning Point Brands has an average rating of “Buy” and an average target price of $68.75.

Turning Point Brands Stock Performance

Shares of TPB opened at $68.95 on Wednesday. The firm has a 50-day moving average of $61.64 and a 200-day moving average of $52.54. Turning Point Brands has a one year low of $22.69 and a one year high of $70.99. The company has a market cap of $1.22 billion, a PE ratio of 27.36 and a beta of 0.65. The company has a debt-to-equity ratio of 1.33, a current ratio of 4.21 and a quick ratio of 1.78.

Institutional Investors Weigh In On Turning Point Brands

Hedge funds have recently added to or reduced their stakes in the business. Corsair Capital Management L.P. lifted its position in shares of Turning Point Brands by 49.0% in the 3rd quarter. Corsair Capital Management L.P. now owns 30,412 shares of the company’s stock worth $1,312,000 after purchasing an additional 10,000 shares during the period. Entropy Technologies LP acquired a new stake in shares of Turning Point Brands in the 4th quarter worth about $234,000. Pekin Hardy Strauss Inc. purchased a new stake in Turning Point Brands in the 3rd quarter valued at $1,260,000. Allspring Global Investments Holdings LLC raised its position in Turning Point Brands by 72,406.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 10,876 shares of the company’s stock valued at $469,000 after buying an additional 10,861 shares during the last quarter. Finally, 272 Capital LP purchased a new stake in Turning Point Brands in the 3rd quarter valued at $1,488,000. 96.12% of the stock is currently owned by institutional investors and hedge funds.

Turning Point Brands Increases Dividend

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

About Turning Point Brands

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.