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

Turning Point Brands (NYSE:TPB) is scheduled to announce its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.67 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Turning Point Brands Stock Performance

Shares of NYSE:TPB traded up $0.85 during mid-day trading on Tuesday, reaching $48.54. The company had a trading volume of 5,876 shares, compared to its average volume of 114,949. The company’s 50-day moving average price is $42.08 and its 200-day moving average price is $36.90. The company has a current ratio of 1.80, a quick ratio of 1.17 and a debt-to-equity ratio of 1.43. Turning Point Brands has a one year low of $20.60 and a one year high of $49.08. The firm has a market cap of $859.64 million, a price-to-earnings ratio of 19.71 and a beta of 0.63.

Insider Activity

In other news, Director Gregory H.A. Baxter sold 2,000 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $39.42, for a total transaction of $78,840.00. Following the completion of the transaction, the director now directly owns 46,544 shares in the company, valued at $1,834,764.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 5.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TPB. StockNews.com cut shares of Turning Point Brands from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 24th. Roth Capital raised shares of Turning Point Brands to a “strong-buy” rating in a report on Thursday, September 19th. Benchmark reissued a “buy” rating and set a $45.00 target price on shares of Turning Point Brands in a report on Friday, August 2nd. Finally, Roth Mkm assumed coverage on shares of Turning Point Brands in a report on Thursday, September 19th. They set a “buy” rating and a $50.00 target price on the stock.

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.