Turning Point Brands (TPB) Expected to Announce Earnings on Thursday

Turning Point Brands (NYSE:TPB) is expected to be releasing its earnings data before the market opens on Thursday, March 6th. Analysts expect Turning Point Brands to post earnings of $0.65 per share and revenue of $99.96 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Turning Point Brands Stock Performance

NYSE:TPB opened at $70.30 on Tuesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 4.21 and a quick ratio of 1.78. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 27.90 and a beta of 0.65. The company’s 50-day moving average is $62.50 and its two-hundred day moving average is $53.43. Turning Point Brands has a 1-year low of $25.79 and a 1-year high of $72.54.

Turning Point Brands Increases Dividend

The business 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 $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.43%. This is an increase from Turning Point Brands’s previous quarterly dividend of $0.07. The ex-dividend date is Friday, March 21st. Turning Point Brands’s payout ratio is 11.11%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on TPB shares. Oppenheimer started coverage on shares of Turning Point Brands in a research note on Thursday, November 14th. They issued an “outperform” rating and a $65.00 price target on the stock. Benchmark boosted their price target 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. Craig Hallum boosted their price target on shares of Turning Point Brands from $60.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Roth Capital raised shares of Turning Point Brands to a “strong-buy” rating in a research note on Friday, November 8th. Finally, Roth Mkm reissued a “buy” rating and issued a $70.00 price target on shares of Turning Point Brands in a research note on Friday, January 10th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $71.00.

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.