Turning Point Brands Inc. (NYSE:TPB) had its price objective upped by FBR & Co from $13.00 to $14.00 in a research report sent to investors on Tuesday. FBR & Co currently has an outperform rating on the stock.
Shares of Turning Point Brands (NYSE:TPB) opened at 12.21 on Tuesday. The company has a market cap of $218.56 million and a PE ratio of 13.33. The company has a 50 day moving average of $13.16 and a 200 day moving average of $11.32. Turning Point Brands has a 1-year low of $6.46 and a 1-year high of $16.14.
Turning Point Brands (NYSE:TPB) last posted its quarterly earnings data on Thursday, August 11th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.44 by $0.39. The company had revenue of $51.60 million for the quarter, compared to analyst estimates of $48 million. The company’s revenue was up 7.5% compared to the same quarter last year. Equities analysts expect that Turning Point Brands will post $0.80 earnings per share for the current fiscal year.
Turning Point Brands Company Profile
Turning Point Brands, Inc, formerly North Atlantic Holding Company, Inc, is a provider of Other Tobacco Products (OTP) in the United States. The Company operates through three segments: smokeless products, smoking products and NewGen products. The Smokeless products market consists of approximately four product categories, which includes loose leaf chewing tobacco, Moist Snuff, Moist Snuff Pouches and Snus.
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