NYSE:TPB - Turning Point Brands Stock Price, Forecast & News

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

Turning Point Brands declared a dividend on Thursday, October 31st. Shareholders of record on Friday, December 20th will be paid a dividend of $0.045 per share on Friday, January 10th. The ex-dividend date is Thursday, December 19th. View Turning Point Brands' Dividend History.

Turning Point Brands Inc (NYSE:TPB) announced its earnings results on Friday, November, 1st. The company reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $0.10. The firm had revenue of $96.80 million for the quarter, compared to analyst estimates of $80.55 million. Turning Point Brands had a return on equity of 42.94% and a net margin of 8.25%. The business's quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.48 EPS. View Turning Point Brands' Earnings History.

Turning Point Brands is scheduled to release their next quarterly earnings announcement on Tuesday, March 3rd 2020. View Earnings Estimates for Turning Point Brands.

2 brokerages have issued 1-year target prices for Turning Point Brands' shares. Their forecasts range from $38.00 to $40.00. On average, they anticipate Turning Point Brands' stock price to reach $39.00 in the next twelve months. This suggests a possible upside of 41.9% from the stock's current price. View Analyst Price Targets for Turning Point Brands.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Turning Point Brands in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Turning Point Brands.

News articles about TPB stock have been trending somewhat positive on Saturday, according to InfoTrie Sentiment. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Turning Point Brands earned a media sentiment score of 1.7 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for Turning Point Brands.

Turning Point Brands saw a drop in short interest in the month of December. As of December 31st, there was short interest totalling 1,090,000 shares, a drop of 5.2% from the December 15th total of 1,150,000 shares. Based on an average daily trading volume, of 196,100 shares, the days-to-cover ratio is currently 5.6 days. Approximately 12.4% of the shares of the company are short sold. View Turning Point Brands' Current Options Chain.

Some companies that are related to Turning Point Brands include Pharming Group (PHGUF), Standard Diversified Inc Class A (NYSEAMERICAN) (SDI), ADOCIA/S (ADOCY), Healthier Choices Management (HCMC) and Gilla (GLLA).

Based on aggregate information from My MarketBeat watchlists, some companies that other Turning Point Brands investors own include Canopy Growth (CGC), Alibaba Group (BABA), Cronos Group (CRON), JD.Com (JD), Altria Group (MO), TENCENT HOLDING/ADR (TCEHY), GW Pharmaceuticals PLC- (GWPH), IQIYI (IQ), Innovative Industrial Properties (IIPR) and Twilio (TWLO).

(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 served as the underwriters for the IPO.

Turning Point Brands' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.12%). Company insiders that own Turning Point Brands stock include Ashley Davis Frushone, General LP Standard, HC Charles Diao, James Michael Murray, James Wells Dobbins, Robert M Lavan and Thomas F Jr Helms. View Institutional Ownership Trends for Turning Point Brands.

TPB stock was sold by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC. View Insider Buying and Selling for Turning Point Brands.

Shares of TPB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of TPB stock can currently be purchased for approximately $27.48.

Turning Point Brands has a market capitalization of $540.31 million and generates $332.68 million in revenue each year. The company earns $25.29 million in net income (profit) each year or $1.71 on an earnings per share basis. Turning Point Brands employs 520 workers across the globe.View Additional Information About Turning Point Brands.

The official website for Turning Point Brands is http://www.turningpointbrands.com/.

Turning Point Brands' mailing address is 5201 Interchange Way, Louisville KY, 40229. The company can be reached via phone at 502-778-4421 or via email at [email protected]