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

Turning Point Brands (NYSE:TPB) is projected to post its quarterly earnings results 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. Individual that wish to register for the company’s earnings conference call can do so using this link.

Turning Point Brands Trading Up 0.6 %

NYSE:TPB opened at $68.95 on Thursday. 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 50-day moving average of $61.64 and a 200-day moving average of $52.54. The company has a market cap of $1.22 billion, a PE ratio of 27.36 and a beta of 0.65. Turning Point Brands has a one year low of $22.69 and a one year high of $70.99.

Turning Point Brands Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders 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 dividend yield of 0.44%. Turning Point Brands’s payout ratio is presently 11.11%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Oppenheimer assumed coverage on shares of Turning Point Brands in a research report on Thursday, November 14th. They set an “outperform” rating and a $65.00 target price for the company. Roth Capital raised shares of Turning Point Brands to a “strong-buy” rating in a research report on Friday, November 8th. StockNews.com downgraded shares of Turning Point Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Roth Mkm reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Turning Point Brands in a research report on Friday, January 10th. Finally, Benchmark upped their price objective on shares of Turning Point Brands from $45.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $68.75.

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.