Turning Point Brands (TPB) Scheduled to Post Quarterly Earnings on Thursday

Turning Point Brands (NYSE:TPB) is set to post its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect Turning Point Brands to post earnings of $0.67 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Turning Point Brands Stock Performance

TPB stock opened at $49.10 on Wednesday. The company has a 50-day simple moving average of $42.28 and a 200 day simple moving average of $37.05. The company has a market capitalization of $869.56 million, a P/E ratio of 20.29 and a beta of 0.63. The company has a quick ratio of 1.17, a current ratio of 1.80 and a debt-to-equity ratio of 1.43. Turning Point Brands has a fifty-two week low of $20.60 and a fifty-two week high of $49.67.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. StockNews.com lowered shares of Turning Point Brands from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 24th. Benchmark restated a “buy” rating and issued a $45.00 target price on shares of Turning Point Brands in a research report on Friday, August 2nd. Roth Capital upgraded Turning Point Brands to a “strong-buy” rating in a research report on Thursday, September 19th. Finally, Roth Mkm initiated coverage on Turning Point Brands in a research note on Thursday, September 19th. They issued a “buy” rating and a $50.00 price objective on the stock.

Insider Buying and Selling

In related news, Director Gregory H.A. Baxter sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $39.42, for a total transaction of $78,840.00. Following the completion of the sale, the director now directly owns 46,544 shares in the company, valued at approximately $1,834,764.48. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 5.80% of the company’s stock.

Turning Point Brands Company Profile

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.