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

Turning Point Brands (NYSE:TPBGet Free Report) 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.

Check Out Our Latest Stock Report on TPB

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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Earnings History for Turning Point Brands (NYSE:TPB)

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