News headlines about Turning Point Brands (NYSE:TPB) have trended somewhat positive on Saturday, Accern reports. Accern scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Turning Point Brands earned a news impact score of 0.23 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 44.3400278392422 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Turning Point Brands (TPB) opened at $22.38 on Friday. The stock has a market capitalization of $428.76 and a P/E ratio of 13.48. Turning Point Brands has a one year low of $12.31 and a one year high of $22.99. The company has a debt-to-equity ratio of 3.77, a quick ratio of 0.37 and a current ratio of 1.81.
Turning Point Brands (NYSE:TPB) last issued its earnings results on Thursday, November 9th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.06). Turning Point Brands had a return on equity of 93.53% and a net margin of 12.70%. The business had revenue of $73.30 million for the quarter, compared to analysts’ expectations of $71.15 million. During the same period last year, the company posted $0.34 earnings per share. The business’s quarterly revenue was up 43.9% on a year-over-year basis. research analysts anticipate that Turning Point Brands will post 1.15 earnings per share for the current year.
The company also recently disclosed an annual dividend, which was paid on Friday, December 15th. Investors of record on Monday, November 27th were paid a $0.04 dividend. The ex-dividend date of this dividend was Friday, November 24th. Turning Point Brands’s payout ratio is currently 2.41%.
A number of brokerages have recently issued reports on TPB. Zacks Investment Research raised Turning Point Brands from a “strong sell” rating to a “hold” rating and set a $24.00 target price for the company in a research note on Thursday. FBR & Co reissued a “buy” rating and set a $17.00 target price on shares of Turning Point Brands in a research note on Monday, October 2nd. Cowen reissued a “buy” rating and set a $20.00 target price on shares of Turning Point Brands in a research note on Sunday, September 17th. Finally, B. Riley reissued a “buy” rating on shares of Turning Point Brands in a research note on Wednesday, November 1st.
In other news, Director H.C. Charles Diao acquired 7,697 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was purchased at an average cost of $15.91 per share, with a total value of $122,459.27. Following the purchase, the director now directly owns 11,000 shares of the company’s stock, valued at approximately $175,010. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder General L.P. Standard acquired 150,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was purchased at an average cost of $20.80 per share, with a total value of $3,120,000.00. Following the completion of the purchase, the insider now directly owns 2,500 shares in the company, valued at $52,000. The disclosure for this purchase can be found here. Company insiders own 14.20% of the company’s stock.
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About Turning Point Brands
Turning Point Brands, Inc is an independent provider of Other Tobacco Products (OTP) in the United States. The Company operates in three segments smokeless products, smoking products and NewGen products. The smokeless products segment manufactures and markets moist snuff; and contracts for and markets chewing tobacco products.
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