Turning Point Brands Inc (NYSE:TPB) announced a quarterly dividend on Tuesday, March 5th, Wall Street Journal reports. Investors of record on Friday, March 22nd will be paid a dividend of 0.045 per share on Friday, April 12th. This represents a $0.18 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date of this dividend is Thursday, March 21st.
Shares of TPB opened at $48.90 on Wednesday. The firm has a market capitalization of $971.98 million, a price-to-earnings ratio of 28.60 and a beta of 1.27. Turning Point Brands has a fifty-two week low of $19.11 and a fifty-two week high of $50.07. The company has a current ratio of 1.75, a quick ratio of 0.32 and a debt-to-equity ratio of 2.26.
Turning Point Brands (NYSE:TPB) last announced its quarterly earnings results on Tuesday, March 5th. The company reported $0.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.01). The company had revenue of $94.29 million during the quarter, compared to analyst estimates of $91.70 million. Turning Point Brands had a net margin of 7.60% and a return on equity of 51.39%. The firm’s revenue for the quarter was up 28.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.39 EPS. Sell-side analysts forecast that Turning Point Brands will post 1.92 earnings per share for the current fiscal year.
A number of equities analysts have weighed in on TPB shares. Zacks Investment Research lowered shares of Turning Point Brands from a “hold” rating to a “strong sell” rating in a report on Friday, March 15th. B. Riley lifted their price target on shares of Turning Point Brands from $45.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, March 13th.
TRADEMARK VIOLATION NOTICE: “Turning Point Brands Inc (TPB) To Go Ex-Dividend on March 21st” was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece can be viewed at https://www.dispatchtribunal.com/2019/03/20/turning-point-brands-inc-tpb-to-go-ex-dividend-on-march-21st.html.
Turning Point Brands Company Profile
Turning Point Brands, Inc, together with its subsidiaries, provides other tobacco products primarily in the United States. It operates through three segments: Smokeless Products, Smoking Products, and NewGen Products. The Smokeless Products segment manufactures and markets moist snuff; and contracts for and markets loose leaf chewing tobacco products.
Featured Article: What is a blue-chip stock?
Receive News & Ratings for Turning Point Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Turning Point Brands and related companies with MarketBeat.com's FREE daily email newsletter.