Turning Point Brands - TPB Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Turning Point Brands in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TPB shares.
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1 Wall Street research analysts have issued 1-year target prices for Turning Point Brands' stock. Their TPB share price forecasts range from $38.00 to $45.00. On average, they predict the company's stock price to reach $42.40 in the next twelve months. This suggests a possible upside of 74.0% from the stock's current price.
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Turning Point Brands' stock was trading at $37.78 on January 1st, 2022. Since then, TPB shares have decreased by 35.5% and is now trading at $24.37.
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Turning Point Brands is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
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Turning Point Brands, Inc. (NYSE:TPB) announced its quarterly earnings results on Wednesday, July, 27th. The company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.04. The business had revenue of $102.90 million for the quarter, compared to analysts' expectations of $105.86 million. Turning Point Brands had a net margin of 9.87% and a trailing twelve-month return on equity of 42.69%. Turning Point Brands's revenue was down 16.1% on a year-over-year basis. During the same period last year, the firm earned $0.84 earnings per share.

Turning Point Brands declared a quarterly dividend on Wednesday, August 3rd. Stockholders of record on Friday, September 16th will be paid a dividend of $0.06 per share on Friday, October 7th. This represents a $0.24 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Thursday, September 15th.
Read our dividend analysis for TPB.

Turning Point Brands (NYSE:TPB) pays an annual dividend of $0.24 per share and currently has a dividend yield of 0.96%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 11.59%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TPB will have a dividend payout ratio of 7.95% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TPB.

Based on aggregate information from My MarketBeat watchlists, some companies that other Turning Point Brands investors own include Alibaba Group (BABA), JD.com (JD), Altria Group (MO), Tencent (TCEHY), NVIDIA (NVDA), Teladoc Health (TDOC), Baidu (BIDU), Intel (INTC) and Advanced Micro Devices (AMD).

(TPB) raised $76 million in an initial public offering on Wednesday, May 11th 2016. The company issued 5,400,000 shares at $13.00-$15.00 per share. Cowen and Company and FBR acted as the underwriters for the IPO.

Turning Point Brands trades on the New York Stock Exchange (NYSE) under the ticker symbol "TPB."

Turning Point Brands' stock is owned by many different institutional and retail investors. Top institutional investors include Assenagon Asset Management S.A. (1.87%), Forager Funds Management Pty Ltd (0.72%), Garnet Equity Capital Holdings Inc. (0.57%), Allspring Global Investments Holdings LLC (0.35%), Russell Investments Group Ltd. (0.32%) and First Financial Bank Trust Division (0.30%). Insiders that own company stock include Ashley Davis Frushone, General LP Standard, HC Charles Diao, Lawrence Wexler and Robert M Lavan.
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Shares of TPB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TPB stock can currently be purchased for approximately $24.37.

Turning Point Brands (NYSE:TPB) has a market capitalization of $434.69 million and generates $445.47 million in revenue each year. The company earns $52.06 million in net income (profit) each year or $2.07 on an earnings per share basis.

Turning Point Brands employs 426 workers across the globe.

Turning Point Brands' mailing address is 5201 Interchange Way, Louisville KY, 40229. The official website for the company is www.turningpointbrands.com. The company can be reached via phone at (502) 778-4421 or via email at ir@tpbi.com.