News stories about Turning Point Brands (NYSE:TPB) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Turning Point Brands earned a daily sentiment score of 0.02 on Accern’s scale. Accern also gave news headlines about the company an impact score of 47.8241345405226 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
A number of equities analysts have commented on the company. B. Riley reissued a “buy” rating on shares of Turning Point Brands in a research note on Wednesday, November 1st. Zacks Investment Research lowered Turning Point Brands from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. FBR & Co reissued a “buy” rating and issued a $17.00 price objective on shares of Turning Point Brands in a research note on Monday, October 2nd. Finally, Cowen and Company reissued a “buy” rating and issued a $20.00 price objective on shares of Turning Point Brands in a research note on Sunday, September 17th.
Shares of Turning Point Brands (NYSE TPB) traded down $0.16 on Friday, hitting $16.73. The stock had a trading volume of 44,863 shares, compared to its average volume of 52,583. The company has a quick ratio of 0.37, a current ratio of 1.81 and a debt-to-equity ratio of 3.77. Turning Point Brands has a twelve month low of $11.67 and a twelve month high of $18.99. The firm has a market capitalization of $321.38, a price-to-earnings ratio of 8.67 and a beta of 0.15.
Turning Point Brands (NYSE:TPB) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.06). Turning Point Brands had a net margin of 12.70% and a return on equity of 93.53%. The firm had revenue of $73.30 million for the quarter, compared to analyst estimates of $71.15 million. During the same period last year, the company earned $0.34 EPS. The company’s revenue was up 43.9% compared to the same quarter last year. equities analysts predict that Turning Point Brands will post 1.15 EPS for the current fiscal year.
The company also recently declared an annual dividend, which will be paid on Friday, December 15th. Stockholders of record on Monday, November 27th will be paid a dividend of $0.04 per share. The ex-dividend date is Friday, November 24th.
In other news, insider James Wells Dobbins sold 12,002 shares of the company’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $16.93, for a total transaction of $203,193.86. Following the transaction, the insider now owns 96,043 shares of the company’s stock, valued at $1,626,007.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder General L.P. Standard purchased 100,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were purchased at an average cost of $17.09 per share, for a total transaction of $1,709,000.00. The disclosure for this purchase can be found here. Corporate 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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