Turning Point Brands (NYSE:TPB) Releases Earnings Results

Turning Point Brands (NYSE:TPB) released its quarterly earnings data on Monday. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.21, FiscalAI reports. Turning Point Brands had a net margin of 8.78% and a return on equity of 11.35%.

Turning Point Brands Stock Performance

Shares of TPB opened at $65.48 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 5.67 and a quick ratio of 4.16. Turning Point Brands has a one year low of $54.17 and a one year high of $146.90. The company has a 50-day simple moving average of $65.63 and a two-hundred day simple moving average of $85.76. The firm has a market capitalization of $1.27 billion, a PE ratio of 28.11 and a beta of 1.08.

Turning Point Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 8th. Investors of record on Friday, December 18th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, December 18th. Turning Point Brands’s dividend payout ratio is presently 13.73%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TPB shares. BTIG Research reissued a “buy” rating on shares of Turning Point Brands in a research note on Monday, August 10th. Weiss Ratings restated a “hold (c)” rating on shares of Turning Point Brands in a report on Friday, August 28th. Compass Point set a $116.00 price target on Turning Point Brands in a research report on Monday, August 10th. Wall Street Zen upgraded Turning Point Brands from a “strong sell” rating to a “sell” rating in a report on Monday, August 10th. Finally, Oppenheimer cut their price objective on Turning Point Brands from $130.00 to $90.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 22nd. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $108.50.

Turning Point Brands Company Profile

Turning Point Brands, Inc is a consumer products company focused on the manufacture, marketing and distribution of branded products for adult consumers. Its portfolio includes rolling papers, wraps, cigarette papers, smoking accessories, smokeless tobacco and modern oral nicotine products.

The company’s principal brands include Zig-Zag, a long-standing brand of rolling papers and related accessories, and Stoker’s, which offers moist smokeless tobacco and other tobacco products. Turning Point Brands also develops and markets newer nicotine products, including nicotine pouches, through its NewGen Products business.

Turning Point Brands serves retailers and consumers primarily in the United States through convenience stores, tobacco and specialty retailers, mass merchants, e-commerce channels and other distribution networks.