NYSE:TPB

Turning Point Brands (TPB) Stock Forecast, Price & News

$22.95

-0.14 (-0.61%)

(As of 10/2/2023 ET)

Compare

Today's Range: $22.67
▼
$23.07
50-Day Range: $23.07
▼
$26.01
52-Week Range: $18.81
▼
$26.31

Volume: 84,226 shs
Average Volume: 160,767 shs
Market Capitalization: $403.92 million

P/E Ratio: 37.62
Dividend Yield: 1.13%
Price Target: $28.33

Turning Point Brands MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 23.5% Upside
$28.33 Price Target
Short Interest: Healthy
1.39% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -2.53
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: -0.43%
From $2.30 to $2.29 Per Share

Overall MarketRank^™

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

1.94 out of 5 stars

Consumer Staples Sector

107th out of 133 stocks

Tobacco Products Industry

1st out of 1 stocks

2.3

Analyst's Opinion

Consensus Rating
Turning Point Brands has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $28.33, Turning Point Brands has a forecasted upside of 23.5% from its current price of $22.95.
Amount of Analyst Coverage
Turning Point Brands has received no research coverage in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
1.39% of the float of Turning Point Brands has been sold short.
Short Interest Ratio / Days to Cover
Turning Point Brands has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Turning Point Brands has recently decreased by 4.92%, indicating that investor sentiment is improving.

2.5

Dividend Strength

Dividend Yield
Turning Point Brands pays a meaningful dividend of 1.13%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Turning Point Brands has only been increasing its dividend for 4 years.
Dividend Coverage
The dividend payout ratio of Turning Point Brands is 42.62%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Turning Point Brands will have a dividend payout ratio of 11.35% next year. This indicates that Turning Point Brands will be able to sustain or increase its dividend.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Turning Point Brands has received a -407.75% net impact score from Upright. The largest negative impact of Turning Point Brands in category "Physical diseases" seems to be driven mostly by its "E-cigarettes", "Cigarettes", and "Vaporizers" products. See details.
Environmental Sustainability
The Environmental Impact score for Turning Point Brands is -2.53.

3.3

News and Social Media Coverage

News Sentiment
Turning Point Brands has a news sentiment score of 1.85. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.65 average news sentiment score of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Turning Point Brands this week, compared to 1 article on an average week.
MarketBeat Follows
1 people have added Turning Point Brands to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Turning Point Brands insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 5.20% of the stock of Turning Point Brands is held by insiders.
Percentage Held by Institutions
84.85% of the stock of Turning Point Brands is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Turning Point Brands are expected to decrease by -0.43% in the coming year, from $2.30 to $2.29 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Turning Point Brands is 37.62, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.89.
Price to Earnings Ratio vs. Sector
The P/E ratio of Turning Point Brands is 37.62, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 19.27.
Price to Book Value per Share Ratio
Turning Point Brands has a P/B Ratio of 3.55. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Turning Point Brands (NYSE:TPB) Stock

Turning Point Brands, Inc., together with its subsidiaries, manufactures, markets, and distributes adult consumer products. It operates through Zig-Zag Products, Stoker's Products, and NewGen Products segments. 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. 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. Its NewGen Products segment market and distribute vapor products and other products without tobacco and/or nicotine to individual consumers through VaporFi and direct B2C online platform, as well as non-traditional retail through VaporBeast. In addition, it markets and distributes cannabis accessories and tobacco products. The company sells its products to wholesale distributors and retail merchants in the independent and chain convenience stores, tobacco outlets, food stores, mass merchandising, drug store, and non-traditional retail channels. Turning Point Brands, Inc. was formerly known as North Atlantic Holding Company, Inc. and changed its name to Turning Point Brands, Inc. in November 2015. The company was founded in 1988 and is headquartered in Louisville, Kentucky.

TPB Price History

30 days | 90 days | 365 days | Advanced Chart

TPB Stock News Headlines

September 11, 2023 | finance.yahoo.com

4 Tobacco Stocks Worth Watching Despite Industry Concerns

August 26, 2023 | finance.yahoo.com

Turning Point Brands' (NYSE:TPB) Dividend Will Be $0.065

October 2, 2023 | Legacy Research (Ad)

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August 6, 2023 | finance.yahoo.com

Turning Point Brands (NYSE:TPB) Has Affirmed Its Dividend Of $0.065

August 3, 2023 | finance.yahoo.com

Q2 2023 Turning Point Brands Inc Earnings Call

August 2, 2023 | markets.businessinsider.com

Turning Point Brands Q2 FY23 Sales Grow 2.6% YoY, What About Income?

August 2, 2023 | finance.yahoo.com

Turning Point Brands Announces Second Quarter 2023 Results; Increases 2023 Guidance

July 19, 2023 | finance.yahoo.com

Turning Point Brands to Host Second Quarter 2023 Conference Call

October 2, 2023 | Legacy Research (Ad)

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July 18, 2023 | finance.yahoo.com

Is Turning Point Brands, Inc. (NYSE:TPB) Trading At A 50% Discount?

June 30, 2023 | finance.yahoo.com

Investors in Turning Point Brands (NYSE:TPB) have unfortunately lost 24% over the last five years

June 13, 2023 | finance.yahoo.com

Turning Point Brands (NYSE:TPB) Is Due To Pay A Dividend Of $0.065

June 8, 2023 | finance.yahoo.com

Can Turning Point Brands, Inc. (NYSE:TPB) Improve Its Returns?

June 7, 2023 | msn.com

Benchmark Initiates Coverage of Turning Point Brands (TPB) with New Recommendation

May 17, 2023 | finance.yahoo.com

Executive Chairman of Turning Point Brands Picks Up 21% More Stock \

May 10, 2023 | msn.com

Turning Point Brands: Good Upside Potential

May 9, 2023 | finance.yahoo.com

3 Best Marijuana Stocks to Buy in May

May 7, 2023 | finance.yahoo.com

Turning Point Brands (NYSE:TPB) Has Announced A Dividend Of $0.065

May 5, 2023 | msn.com

Turning Point Brands (TPB) Declares $0.06 Dividend

May 4, 2023 | finance.yahoo.com

Q1 2023 Turning Point Brands Inc Earnings Call

May 3, 2023 | msn.com

Recap: Turning Point Brands Q1 Earnings

May 3, 2023 | finance.yahoo.com

Turning Point Brands Announces First Quarter 2023 Results

April 27, 2023 | finance.yahoo.com

Are Consumer Staples Stocks Lagging Vita Coco Company (COCO) This Year?

April 26, 2023 | fool.com

Turning Point Brands (NYSE: TPB)

April 23, 2023 | benzinga.com

Turning Point Brands Stock (NYSE:TPB), Short Interest Report

April 19, 2023 | finance.yahoo.com

Turning Point Brands to Host First Quarter 2023 Conference Call

April 10, 2023 | finance.yahoo.com

All You Need to Know About Turning Point Brands (TPB) Rating Upgrade to Strong Buy

See More Headlines

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TPB Company Calendar

Ex-Dividend for 7/7 Dividend: 6/15/2023
Dividend Payable: 7/07/2023
Last Earnings: 8/02/2023
Ex-Dividend for 10/6 Dividend: 9/14/2023
Today: 10/02/2023
Dividend Payable: 10/06/2023
Next Earnings (Estimated): 10/25/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Tobacco products
Sub-Industry: N/A
Sector: Consumer Staples
Current Symbol: NYSE:TPB
CUSIP: N/A
CIK: 1290677
Web: www.turningpointbrands.com
Phone: (502) 778-4421
Fax: N/A
Employees: 413
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $28.33
High Stock Price Forecast: $35.00
Low Stock Price Forecast: $22.00
Forecasted Upside/Downside: +23.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.61
Trailing P/E Ratio: 37.62
Forward P/E Ratio: 9.98
P/E Growth: N/A
Net Income: $11.64 million
Net Margins: 3.05%
Pretax Margin: 4.30%
Return on Equity: 41.99%
Return on Assets: 9.04%

Debt

Debt-to-Equity Ratio: 2.93
Current Ratio: 6.04
Quick Ratio: 3.04

Sales & Book Value

Annual Sales: $415.01 million
Price / Sales: 0.97
Cash Flow: $3.42 per share
Price / Cash Flow: 6.72
Book Value: $6.46 per share
Price / Book: 3.55

Miscellaneous

Outstanding Shares: 17,600,000
Free Float: 16,681,000
Market Cap: $403.92 million
Optionable: Optionable
Beta: 0.49

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Key Executives

Mr. David E. Glazek J.D. (Age 45)
Exec. Chairman

Mr. Graham A. Purdy (Age 51)
CEO, Pres & Director
Comp: $1.03M

Mr. Louie Reformina (Age 45)
Sr. VP & Chief Financial Officer
Comp: $556.94k

Ms. Brittani N. Cushman (Age 38)
Sr. VP, Gen. Counsel & Corp. Sec.
Comp: $543.28k

Mr. Brian Wigginton
Chief Accounting Officer

Mr. John E. Charnovich (Age 62)
Chief Information Officer

Mr. Frank J. Vignone
Sr. VP of Sales

Ms. Alicia Carrasco
Chief People Officer

Ms. Summer Frein (Age 39)
Chief Revenue Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

TPB Stock - Frequently Asked Questions

Should I buy or sell Turning Point Brands stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Turning Point Brands in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" TPB shares.
View TPB analyst ratings or view top-rated stocks.
What is Turning Point Brands' stock price forecast for 2023?: 2 Wall Street analysts have issued 12 month price objectives for Turning Point Brands' shares. Their TPB share price forecasts range from $22.00 to $35.00. On average, they predict the company's stock price to reach $28.33 in the next year. This suggests a possible upside of 23.5% from the stock's current price.
View analysts price targets for TPB or view top-rated stocks among Wall Street analysts.
How have TPB shares performed in 2023?: Turning Point Brands' stock was trading at $21.63 at the beginning of 2023. Since then, TPB stock has increased by 6.1% and is now trading at $22.95.
View the best growth stocks for 2023 here.
When is Turning Point Brands' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our TPB earnings forecast.
How were Turning Point Brands' earnings last quarter?: Turning Point Brands, Inc. (NYSE:TPB) posted its earnings results on Wednesday, August, 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.19. The company earned $105.60 million during the quarter. Turning Point Brands had a trailing twelve-month return on equity of 41.99% and a net margin of 3.05%.
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 2nd. Investors of record on Friday, September 15th will be paid a dividend of $0.065 per share on Friday, October 6th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Thursday, September 14th.
Read our dividend analysis for TPB.
What ETFs hold Turning Point Brands' stock?: ETFs with the largest weight of Turning Point Brands (NYSE:TPB) stock in their portfolio include AdvisorShares Vice ETF (VICE) and Cambria Cannabis ETF (TOKE).ETFMG Alternative Harvest ETF (MJ).
Is Turning Point Brands a good dividend stock?: Turning Point Brands (NYSE:TPB) pays an annual dividend of $0.26 per share and currently has a dividend yield of 1.13%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 42.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TPB will have a dividend payout ratio of 11.35% 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 (IPO) on Wednesday, May 11th 2016. The company issued 5,400,000 shares at a price of $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."
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 $22.95.
How much money does Turning Point Brands make?: Turning Point Brands (NYSE:TPB) has a market capitalization of $403.92 million and generates $415.01 million in revenue each year. The company earns $11.64 million in net income (profit) each year or $0.61 on an earnings per share basis.
How many employees does Turning Point Brands have?: The company employs 413 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 10/2/2023 by MarketBeat.com Staff

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