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Copper More Critical than Lithium? (Ad)
S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
Copper More Critical than Lithium? (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Investor Alert: Argentina Loaded With "White Gold" Opportunity (Ad)
Closing prices for crude oil, gold and other commodities
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Copper More Critical than Lithium? (Ad)
S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
Copper More Critical than Lithium? (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Investor Alert: Argentina Loaded With "White Gold" Opportunity (Ad)
Closing prices for crude oil, gold and other commodities
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Copper More Critical than Lithium? (Ad)
S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
Copper More Critical than Lithium? (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Investor Alert: Argentina Loaded With "White Gold" Opportunity (Ad)
Closing prices for crude oil, gold and other commodities
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Copper More Critical than Lithium? (Ad)
NYSE:TPB

Turning Point Brands - TPB Stock Forecast, Price & News

$24.37
-0.76 (-3.02%)
(As of 08/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$24.16
$25.08
50-Day Range
$23.55
$30.50
52-Week Range
$22.04
$52.17
Volume
127,964 shs
Average Volume
216,117 shs
Market Capitalization
$434.69 million
P/E Ratio
11.77
Dividend Yield
0.96%
Price Target
$42.40

Turning Point Brands MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
74.0% Upside
$42.40 Price Target
Short Interest
Healthy
4.24% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.53
Upright™ Environmental Score
News Sentiment
0.58mentions of Turning Point Brands in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
12.69%
From $2.68 to $3.02 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.55 out of 5 stars

Consumer Staples Sector

24th out of 146 stocks

Tobacco Products Industry

1st out of 1 stocks

TPB stock logo

About Turning Point Brands (NYSE:TPB) Stock

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 NewGen Products. The Zig-Zag Products segment markets and distributes rolling papers, tubes, finished cigars, make-your-own cigar wraps, and related products under the Zig-Zag brand. The Stoker's Products segment manufactures and markets moist snuff tobacco and loose-leaf chewing tobacco products under the Stoker's, Beech-Nut, Durango, Trophy, and Wind River brands. The NewGen Products segment markets and distributes cannabidiol isolate, liquid vapor products, and other products without tobacco and/or nicotine to individual consumers through VaporFi B2C online platform, as well as non-traditional retail through VaporBeast. It sells its products to wholesale distributors and retail merchants in the independent and chain convenience stores, tobacco outlets, food stores, mass merchandising, and drug stores. The company was formerly known as North Atlantic Holding Company, Inc. and changed its name to Turning Point Brands, Inc. in November 2015. Turning Point Brands, Inc. was founded in 1988 and is headquartered in Louisville, Kentucky.

Turning Point Brands Trading Down 2.5 %

Shares of NYSE:TPB traded down $0.64 during mid-day trading on Tuesday, hitting $24.49. The stock had a trading volume of 2,015 shares, compared to its average volume of 300,911. The company has a debt-to-equity ratio of 3.25, a quick ratio of 2.94 and a current ratio of 5.28. The company has a market cap of $436.90 million, a PE ratio of 12.14 and a beta of 0.45. Turning Point Brands has a 12-month low of $22.04 and a 12-month high of $52.17. The company's 50 day moving average is $27.51 and its 200-day moving average is $30.24.

Turning Point Brands (NYSE:TPB - Get Rating) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.66 by $0.04. The business had revenue of $102.90 million during the quarter, compared to the consensus estimate of $105.86 million. Turning Point Brands had a net margin of 9.87% and a return on equity of 42.69%. The firm's quarterly revenue was down 16.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.84 EPS. On average, sell-side analysts predict that Turning Point Brands will post 2.68 EPS for the current year.

Turning Point Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 7th. Shareholders of record on Friday, September 16th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $0.24 annualized dividend and a yield of 0.98%. Turning Point Brands's dividend payout ratio is presently 11.59%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Cowen reduced their price target on shares of Turning Point Brands from $65.00 to $45.00 in a research note on Thursday, July 28th. TheStreet lowered shares of Turning Point Brands from a "b-" rating to a "c+" rating in a research note on Thursday, May 19th. Cowen cut their target price on shares of Turning Point Brands from $65.00 to $45.00 in a research note on Thursday, July 28th. B. Riley cut their target price on shares of Turning Point Brands from $45.00 to $39.00 in a research note on Thursday, July 28th. Finally, Craig Hallum cut their target price on shares of Turning Point Brands from $50.00 to $45.00 in a research note on Thursday, July 28th.

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TPB Stock News Headlines

Turning Point Brands (NYSE:TPB) PT Lowered to $45.00 at Cowen
Turning Point Brands (NYSE:TPB) PT Lowered to $39.00
Turning Point Brands Needs to Bottom Out
Turning Point Brands Q1 2022 Net Income Decreased 6.7% To $11M YoY
See More Headlines
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TPB Company Calendar

Ex-Dividend for 7/8 Dividend
6/16/2022
Dividend Payable
7/08/2022
Last Earnings
7/27/2022
Today
8/09/2022
Ex-Dividend for 10/7 Dividend
9/15/2022
Dividend Payable
10/07/2022
Next Earnings (Estimated)
10/25/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Tobacco products
Sub-Industry
N/A
Fax
N/A
Employees
426
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$42.40
High Stock Price Forecast
$45.00
Low Stock Price Forecast
$38.00
Forecasted Upside/Downside
+74.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$52.06 million
Pretax Margin
12.54%

Debt

Sales & Book Value

Annual Sales
$445.47 million
Cash Flow
$3.73 per share
Book Value
$7.09 per share

Miscellaneous

Free Float
16,927,000
Market Cap
$434.69 million
Optionable
Optionable
Beta
0.45

Key Executives

  • Mr. Yavor Efremov (Age 49)
    Pres, CEO & Director
    Comp: $105k
  • Mr. Louie Reformina (Age 44)
    Sr. VP & Chief Financial Officer
    Comp: $502.19k
  • Mr. Graham A. Purdy (Age 50)
    Sr. VP & COO
    Comp: $796.42k
  • Ms. Brittani N. Cushman (Age 37)
    Sr. VP, Gen. Counsel & Corp. Sec.
    Comp: $524.08k
  • Mr. Brian Wigginton
    Chief Accounting Officer
  • Mr. Frank J. Vignone
    Sr. VP of Sales & Marketing
  • Ms. Summer Frein (Age 37)
    Chief Marketing Officer













TPB Stock - Frequently Asked Questions

Should I buy or sell Turning Point Brands stock right now?

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.
View TPB analyst ratings
or view top-rated stocks.

What is Turning Point Brands' stock price forecast for 2022?

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.
View analysts price targets for TPB
or view top-rated stocks among Wall Street analysts.

How has Turning Point Brands' stock performed in 2022?

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.
View the best growth stocks for 2022 here
.

When is Turning Point Brands' next earnings date?

Turning Point Brands is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our TPB earnings forecast
.

How were Turning Point Brands' earnings last quarter?

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.

How often does Turning Point Brands pay dividends? What is the dividend yield for Turning Point Brands?

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
.

Is Turning Point Brands a good dividend stock?

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.

What other stocks do shareholders of Turning Point Brands own?

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).

When did Turning Point Brands IPO?

(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.

What is Turning Point Brands' stock symbol?

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

Who are Turning Point Brands' major shareholders?

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.
View institutional ownership trends
.

How do I buy shares of Turning Point Brands?

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.
Compare Top Brokerages Here.

What is Turning Point Brands' stock price today?

One share of TPB stock can currently be purchased for approximately $24.37.

How much money does Turning Point Brands make?

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.

How many employees does Turning Point Brands have?

Turning Point Brands employs 426 workers across the globe.

How can I contact Turning Point Brands?

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.

This page (NYSE:TPB) was last updated on 8/10/2022 by MarketBeat.com Staff

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