Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Turning Point Brands (TPB) Share Price

Media headlines about Turning Point Brands (NYSE:TPB) have trended somewhat positive this week, according to Accern. Accern ranks the sentiment of 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 -1 to 1, with scores closest to one being the most favorable. Turning Point Brands earned a coverage optimism score of 0.02 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.8913263676352 out of 100, indicating that recent news 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) opened at $17.92 on Thursday. The firm has a market cap of $345.39 and a P/E ratio of 9.05. Turning Point Brands has a one year low of $11.67 and a one year high of $18.99. 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 (NYSE:TPB) last announced its earnings results on Thursday, November 9th. The company reported $0.38 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.06). The firm had revenue of $73.30 million during the quarter, compared to analyst estimates of $71.15 million. Turning Point Brands had a net margin of 12.70% and a return on equity of 93.53%. Turning Point Brands’s revenue was up 43.9% on a year-over-year basis. During the same quarter last year, the business earned $0.34 earnings per share. equities research analysts anticipate that Turning Point Brands will post 1.15 EPS for the current year.

The company also recently announced an annual dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, November 27th will be paid a $0.04 dividend. The ex-dividend date is Friday, November 24th. Turning Point Brands’s dividend payout ratio (DPR) is 2.41%.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Turning Point Brands from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. B. Riley restated a “buy” rating and issued a $20.00 target price on shares of Turning Point Brands in a research note on Friday, November 10th. FBR & Co restated a “buy” rating and issued a $17.00 target price on shares of Turning Point Brands in a research note on Monday, October 2nd. Finally, Cowen restated a “buy” rating and issued a $20.00 target price on shares of Turning Point Brands in a research note on Sunday, September 17th.

In other news, Director H.C. Charles Diao bought 7,697 shares of the stock in a transaction on Monday, November 13th. The stock was bought at an average cost of $15.91 per share, for a total transaction of $122,459.27. Following the completion of the purchase, the director now directly owns 11,000 shares in the company, valued at $175,010. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 14.20% of the stock is owned by company insiders.

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Turning Point Brands Company Profile

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.

Insider Buying and Selling by Quarter for Turning Point Brands (NYSE:TPB)

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