Turning Point Brands (TPB) Projected to Post Quarterly Earnings on Wednesday

Turning Point Brands (NYSE:TPB - Get Free Report) is projected to issue its Q1 2025 quarterly earnings data before the market opens on Wednesday, May 7th. Analysts expect the company to announce earnings of $0.75 per share and revenue of $95.75 million for the quarter.

Turning Point Brands Price Performance

NYSE:TPB traded up $0.43 during mid-day trading on Tuesday, hitting $59.78. 17,933 shares of the stock traded hands, compared to its average volume of 160,494. The business's 50-day moving average price is $60.19 and its 200 day moving average price is $58.65. The company has a quick ratio of 1.78, a current ratio of 4.21 and a debt-to-equity ratio of 1.33. The company has a market cap of $1.06 billion, a PE ratio of 23.72 and a beta of 0.70. Turning Point Brands has a 12-month low of $28.16 and a 12-month high of $72.54.

Turning Point Brands Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 21st were paid a $0.075 dividend. This is a positive change from Turning Point Brands's previous quarterly dividend of $0.07. This represents a $0.30 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date was Friday, March 21st. Turning Point Brands's dividend payout ratio is currently 14.15%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TPB shares. Industrial Alliance Securities set a $85.00 price objective on shares of Turning Point Brands in a research report on Thursday, March 6th. StockNews.com raised Turning Point Brands from a "hold" rating to a "buy" rating in a research note on Friday, April 18th. Roth Mkm reissued a "buy" rating and set a $70.00 price target on shares of Turning Point Brands in a research note on Friday, January 10th. Finally, Alliance Global Partners assumed coverage on shares of Turning Point Brands in a report on Monday, March 3rd. They issued a "buy" rating and a $80.00 price objective for the company. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $73.33.

About Turning Point Brands

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.