Turning Point Brands (NYSE:TPB – Get Free Report) is scheduled to post its quarterly earnings results before the market opens on Thursday, May 2nd. Individual interested in participating in the company’s earnings conference call can do so using this link.
Turning Point Brands (NYSE:TPB – Get Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.72 earnings per share (EPS) for the quarter. The business had revenue of $97.10 million during the quarter, compared to the consensus estimate of $90.11 million. Turning Point Brands had a return on equity of 38.62% and a net margin of 9.49%. The business’s revenue was down 6.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.65 earnings per share.
Turning Point Brands Stock Up 0.7 %
Shares of Turning Point Brands stock opened at $28.43 on Tuesday. Turning Point Brands has a 1-year low of $19.67 and a 1-year high of $29.86. The company has a market capitalization of $502.64 million, a P/E ratio of 13.87 and a beta of 0.48. The business’s fifty day moving average price is $27.12 and its two-hundred day moving average price is $24.84. The company has a debt-to-equity ratio of 2.02, a current ratio of 2.67 and a quick ratio of 1.68.
Turning Point Brands Increases Dividend
Insiders Place Their Bets
In related news, insider Plano Lorenzo De acquired 15,043 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were acquired at an average price of $27.97 per share, for a total transaction of $420,752.71. Following the completion of the purchase, the insider now directly owns 31,375 shares of the company’s stock, valued at $877,558.75. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.80% of the stock is owned by insiders.
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.
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