According to Zacks, “Turning Point Brands, Inc. provides tobacco products. The Company’s product consists of moist snuff, loose leaf chewing tobacco, cigarette papers, make-your-own cigar wraps and cigar smoking tobacco, cigars and liquid and tobacco vapour. Its portfolio of brands includes Zig-Zag(R), Beech-Nut(R) and Stoker’s(R). Turning Point Brands, Inc. is based in Louisville, Kentucky. “
Separately, FBR & Co restated a buy rating on shares of Turning Point Brands in a report on Tuesday, August 16th.
Shares of Turning Point Brands (NYSE:TPB) opened at 12.50 on Thursday. Turning Point Brands has a one year low of $6.46 and a one year high of $16.14. The company has a market cap of $223.75 million and a PE ratio of 13.65. The firm’s 50-day moving average is $13.14 and its 200-day moving average is $11.33.
Turning Point Brands (NYSE:TPB) last announced its quarterly earnings data on Thursday, August 11th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by $0.39. The company had revenue of $51.60 million for the quarter, compared to the consensus estimate of $48 million. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, equities analysts anticipate that Turning Point Brands will post $0.80 EPS for the current year.
About Turning Point Brands
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Turning Point Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Turning Point Brands Inc. and related companies with MarketBeat.com's FREE daily email newsletter.