Turning Point Brands (TPB) to Release Quarterly Earnings on Thursday

Turning Point Brands (NYSE:TPBGet Free Report) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.67 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Turning Point Brands Trading Up 1.8 %

Turning Point Brands stock traded up $0.85 during mid-day trading on Tuesday, hitting $48.54. The company’s stock had a trading volume of 5,876 shares, compared to its average volume of 114,949. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.80 and a quick ratio of 1.17. The stock has a market cap of $859.64 million, a price-to-earnings ratio of 19.71 and a beta of 0.63. The business has a 50 day moving average price of $42.08 and a 200-day moving average price of $36.90. Turning Point Brands has a 12 month low of $20.60 and a 12 month high of $49.08.

Insiders Place Their Bets

In other Turning Point Brands news, Director Gregory H.A. Baxter sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $39.42, for a total value of $78,840.00. Following the completion of the sale, the director now directly owns 46,544 shares in the company, valued at $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 this link. 5.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

TPB has been the subject of several recent research reports. Benchmark reissued a “buy” rating and issued a $45.00 price target on shares of Turning Point Brands in a research note on Friday, August 2nd. StockNews.com downgraded shares of Turning Point Brands from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 24th. Roth Mkm started coverage on shares of Turning Point Brands in a research note on Thursday, September 19th. They set a “buy” rating and a $50.00 price objective for the company. Finally, Roth Capital raised shares of Turning Point Brands to a “strong-buy” rating in a research note on Thursday, September 19th.

Read Our Latest Report on Turning Point Brands

About Turning Point Brands

(Get Free Report)

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.

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Earnings History for Turning Point Brands (NYSE:TPB)

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