Headlines about Turning Point Brands (NYSE:TPB) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Turning Point Brands earned a media sentiment score of 0.02 on Accern’s scale. Accern also assigned news articles about the company an impact score of 47.8241345405226 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of Turning Point Brands (NYSE TPB) traded down $0.38 during mid-day trading on Monday, hitting $17.24. 17,852 shares of the company were exchanged, compared to its average volume of 33,455. 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 52-week low of $11.67 and a 52-week high of $18.99. The firm has a market capitalization of $331.18 and a PE ratio of 9.13.
Turning Point Brands (NYSE:TPB) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.38 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $73.30 million for the quarter, compared to analyst estimates of $71.15 million. During the same quarter last year, the firm earned $0.34 EPS. The company’s revenue was up 43.9% on a year-over-year basis. equities analysts forecast that Turning Point Brands will post 1.15 earnings per share for the current fiscal year.
The business also recently disclosed an annual dividend, which will be paid on Friday, December 15th. Stockholders of record on Monday, November 27th will be given a dividend of $0.04 per share. The ex-dividend date is Friday, November 24th. Turning Point Brands’s dividend payout ratio is presently 2.41%.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Turning Point Brands from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. FBR & Co reaffirmed 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 reiterated a “buy” rating and set a $20.00 price target on shares of Turning Point Brands in a research report on Sunday, September 17th. Finally, B. Riley reiterated a “buy” rating on shares of Turning Point Brands in a research report on Wednesday, November 1st.
In related news, Director H.C. Charles Diao acquired 7,697 shares of Turning Point Brands stock in a transaction dated Monday, November 13th. The stock was acquired at an average price of $15.91 per share, for a total transaction of $122,459.27. Following the transaction, the director now owns 11,000 shares of the company’s stock, valued at $175,010. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder General L.P. Standard purchased 100,000 shares of Turning Point Brands stock in a transaction that occurred on Thursday, September 14th. The stock was acquired at an average price of $17.09 per share, with a total value of $1,709,000.00. The disclosure for this purchase can be found here. 14.20% of the stock is currently owned by insiders.
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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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