Turning Point Brands, Inc. is an independent provider of Other Tobacco Products (OTP) in the United States. The Company operates in three segments smokeless products, smoking products and NewGen products. The smokeless products segment manufactures and markets moist snuff; and contracts for and markets chewing tobacco products. The smoking products segment imports and markets cigarette papers, tubes and related products; processes, packages and markets make-your-own (MYO) cigarette tobaccos; imports and markets finished cigars and MYO cigar tobaccos and cigar wraps, and processes, packages and markets pipe tobaccos. The NewGen products segment markets e-cigarettes, e-liquids, vaporizers and other related products, and distributes a wide assortment of vaping products to non-traditional retail outlets via VaporBeast. The Company's portfolio of brands includes Zig-Zag, Beech-Nut, Stoker's, Trophy, and VaporBeast.
Industry, Sector and Symbol:
- Market Cap: $283.49 million
- Outstanding Shares: 18,845,000
- 50 Day Moving Avg: $15.63
- 200 Day Moving Avg: $14.80
- 52 Week Range: $8.67 - $18.05
Sales & Book Value:
- Trailing P/E Ratio: 11.82
- Foreward P/E Ratio: 9.97
- P/E Growth: 0.00
- Annual Revenue: $223.15 million
- Price / Sales: 1.27
- Book Value: $1.91 per share
- Price / Book: 7.88
- EBIDTA: $45.38 million
- Net Margins: 11.90%
- Return on Equity: 131.39%
- Return on Assets: 12.15%
- Debt-to-Equity Ratio: 5.35%
- Current Ratio: 1.49%
- Quick Ratio: 0.36%
- Average Volume: 29,979 shs.
- Beta: 0.58
- Short Ratio: 2.67
Frequently Asked Questions for Turning Point Brands (NYSE:TPB)
What is Turning Point Brands' stock symbol?
Turning Point Brands trades on the New York Stock Exchange (NYSE) under the ticker symbol "TPB."
How were Turning Point Brands' earnings last quarter?
Turning Point Brands, Inc. (NYSE:TPB) announced its quarterly earnings results on Thursday, May, 11th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.03. The firm earned $66.80 million during the quarter, compared to analyst estimates of $64.90 million. Turning Point Brands had a net margin of 11.90% and a return on equity of 131.39%. Turning Point Brands's quarterly revenue was up 33.9% on a year-over-year basis. During the same period last year, the firm earned $0.12 EPS. View Turning Point Brands' Earnings History.
When will Turning Point Brands make its next earnings announcement?
Where is Turning Point Brands' stock going? Where will Turning Point Brands' stock price be in 2017?
2 brokers have issued 1 year price objectives for Turning Point Brands' stock. Their forecasts range from $17.00 to $19.00. On average, they expect Turning Point Brands' share price to reach $18.00 in the next twelve months. View Analyst Ratings for Turning Point Brands.
What are analysts saying about Turning Point Brands stock?
Here are some recent quotes from research analysts about Turning Point Brands stock:
- 1. According to Zacks Investment Research, "Turning Point Brands, Inc. provides tobacco products. The Company's product consists of moist snuff, loose leaf chewing tobacco, cigarette papers, make-your-own cigar wraps and cigar smoking tobacco, cigars and liquid and tobacco vapour. Its portfolio of brands includes Zig-Zag(R), Beech-Nut(R) and Stoker's(R). Turning Point Brands, Inc. is based in Louisville, Kentucky. " (7/18/2017)
- 2. FBR & Co analysts commented, "TPB reported 1Q17 net sales of $66.8M, slightly above FBR’s estimate of $66.3M. GM de-leveraged –684 bps vs. FBR’s estimate of –336 bps. The adjusted SGA margin leveraged +208 bps vs. our estimate of +225 bps. Adjusted 1Q reported EBITDA were $13.6M, compared to FBR’s $16.0M estimate. Adjusted 1Q EPS were $0.52, compared to FBR’s $0.58 estimate. On the call, management reiterated confidence in its ability to grow via acquisitions, and we believe additional acquisitions are likely in the future. TPB also continues to roll out MST cans and gained just under 1,000 stores in 1Q17, mainly through additional independent stores. TPB expects to begin expanding into chain stores, but the expansion could be lumpy given uncertainty on timing of products shipped to stores. We expect continued growth through acquisitions, MST cans, and Zig-Zag papers, coupled with solid FCF generation, to continue to drive the stock higher." (5/12/2017)
Who are some of Turning Point Brands' key competitors?
Some companies that are related to Turning Point Brands include Freshpet (FRPT), Medifast (MED), Carriage Services (CSV), tronc (TRNC), Primo Water Corporation (PRMW), The Chefs' Warehouse (CHEF), Omega Protein Corporation (OME), Craft Brew Alliance (BREW), Limoneira Co (LMNR), StoneMor Partners L.P. (STON), Amira Nature Foods Ltd (ANFI), Lifeway Foods (LWAY), A.H. Belo Corporation (AHC), Lee Enterprises, Incorporated (LEE), Barfresh Food Group (BRFH), Inventure Foods (SNAK), S&W Seed Company (SANW) and McClatchy Company (The) (MNI).
Who are Turning Point Brands' key executives?
Turning Point Brands' management team includes the folowing people:
- Thomas F. Helms Jr., Executive Chairman of the Board
- Jack Africk, Vice Chairman of the Board, President, Chief Executive Officer
- Brian C. Harriss, Chief Financial Officer
- Lawrence S. Wexler, President and Chief Executive Officer of NATC
- James W. Dobbins, Senior Vice President, General Counsel, Secretary
- James M. Murray, Senior Vice President - Market Planning & Strategy
- Gregory H. A Baxter, Director
- Geoffrey Gorman, Director
- Robert D. Rothenberg, Director
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 $13.00-$15.00 per share. Cowen and Company and FBR served as the underwriters for the IPO.
Who owns Turning Point Brands stock?
Turning Point Brands' stock is owned by many different of retail and institutional investors. Top institutional shareholders include
STANDARD GENERAL L.P.
STANDARD GENERAL L.P.
(52.80%). Company insiders that own Turning Point Brands stock include General Master Fund L Standard, George Hebard, James Michael Murray, James Wells Dobbins, Lawrence Wexler and Thomas F Jr Helms. View Institutional Ownership Trends for Turning Point Brands.
How do I buy Turning Point Brands stock?
Shares of Turning Point Brands can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Turning Point Brands' stock price today?
MarketBeat Community Rating for Turning Point Brands (NYSE TPB)MarketBeat's community ratings are surveys of what our community members think about Turning Point Brands and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Turning Point Brands stock can currently be purchased for approximately $15.06.
Consensus Ratings for Turning Point Brands (NYSE:TPB) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Buy Ratings|
|Consensus Rating:||Buy (Score: 3.00)|
|Consensus Price Target: ||$18.00 (19.52% upside)|
Analysts' Ratings History for Turning Point Brands (NYSE:TPB)
(Data available from 7/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|5/15/2017||Cowen and Company||Reiterated Rating||Outperform||$18.00 -> $19.00||Low|
|5/12/2017||FBR & Co||Reiterated Rating||Buy||$17.00||Low|
Earnings History for Turning Point Brands (NYSE:TPB)Earnings History by Quarter for Turning Point Brands (NYSE TPB)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|5/11/2017||Q1 2017||$0.33||$0.29||$64.90 million||$66.80 million||View||N/A|
|3/13/2017||Y 2016||$0.34||$0.87||$49.15 million||$53.80 million||View||N/A|
|11/10/2016||Q316||$0.39||$0.34||$50.75 million||$51.00 million||View||N/A|
|8/11/2016||Q216||$0.44||$0.05||$48.00 million||$51.60 million||View||Listen|
|6/15/2016||Q116||$0.20||$0.27||$49.90 million||$49.87 million||View||Listen|
Earnings Estimates for Turning Point Brands (NYSE:TPB)
2017 EPS Consensus Estimate: $1.74
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Turning Point Brands (NYSE:TPB)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Turning Point Brands (NYSE:TPB)
Institutional Ownership Percentage: 68.72%Insider Trades by Quarter for Turning Point Brands (NYSE:TPB)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|5/25/2017||Lawrence Wexler||Insider||Sell||1,858||$16.42||$30,508.36|| |
|5/23/2017||James Wells Dobbins||Insider||Sell||6,000||$16.67||$100,020.00|| |
|5/16/2017||George Hebard||Director||Buy||3,000||$15.59||$46,770.00|| |
|12/16/2016||Thomas F Jr. Helms||Director||Buy||1,000||$13.12||$13,120.00|| |
|12/12/2016||Thomas F Jr. Helms||Director||Buy||500||$13.42||$6,710.00|| |
|11/23/2016||James Michael Murray||VP||Sell||13,592||$14.00||$190,288.00|| |
|9/14/2016||Thomas F Jr. Helms||Director||Buy||1,000||$14.24||$14,240.00|| |
|5/10/2016||General Master Fund L Standard||Major Shareholder||Buy||6,525,710||$4.49||$29,300,437.90|| |
Headline Trends for Turning Point Brands (NYSE:TPB)
Latest Headlines for Turning Point Brands (NYSE:TPB)
|Turning Point Brands, Inc. Announces an At-the-Market Equity Program|
finance.yahoo.com - July 21 at 7:59 AM
|Turning Point Brands to Host Second Quarter FY2017 Conference Call|
finance.yahoo.com - July 20 at 8:49 AM
|Turning Point Brands, Inc. (TPB) Stock Rating Upgraded by Zacks Investment Research|
www.americanbankingnews.com - July 18 at 11:35 AM
|Zacks: Turning Point Brands, Inc. (NYSE:TPB) Receives Average Rating of "Strong Buy" from Analysts|
www.americanbankingnews.com - July 18 at 9:34 AM
|Analysts Anticipate Turning Point Brands, Inc. (NYSE:TPB) to Post $0.36 Earnings Per Share|
www.americanbankingnews.com - July 7 at 12:08 AM
|Turning Point Brands (TPB) vs. Vector Group (VGR) Financial Analysis|
www.americanbankingnews.com - June 25 at 7:37 AM
|Turning Point Brands, Inc. breached its 50 day moving average in a Bullish Manner : TPB-US : June 22, 2017|
finance.yahoo.com - June 22 at 2:13 PM
|Analysts Expect Turning Point Brands, Inc. (TPB) to Post $0.36 EPS|
www.americanbankingnews.com - June 21 at 6:32 PM
|Turning Point Brands (TPB) vs. Philip Morris International (PM) Head to Head Contrast|
www.americanbankingnews.com - June 21 at 12:22 AM
|Reviewing Turning Point Brands (TPB) and Reynolds American (RAI)|
www.americanbankingnews.com - June 16 at 12:10 AM
|Turning Point Brands Announces Participation in the Jefferies 2017 Global Consumer Conference|
finance.yahoo.com - June 15 at 2:37 AM
|Critical Review: Turning Point Brands (TPB) versus Reynolds American (RAI)|
www.americanbankingnews.com - June 9 at 7:43 AM
| Turning Point Brands Inc (TPB) Given Consensus Recommendation of "Strong Buy" by Analysts|
www.americanbankingnews.com - June 5 at 4:10 PM
|ETFs with exposure to Turning Point Brands, Inc. : May 26, 2017|
finance.yahoo.com - May 27 at 6:22 AM
|Insider Selling: Turning Point Brands Inc (TPB) Insider Sells 1,858 Shares of Stock|
www.americanbankingnews.com - May 25 at 10:23 PM
|Turning Point Brands Inc (TPB) Insider Sells $100,020.00 in Stock|
www.americanbankingnews.com - May 24 at 8:02 PM
|George Hebard Purchases 3,000 Shares of Turning Point Brands Inc (TPB) Stock|
www.americanbankingnews.com - May 18 at 1:15 PM
|Turning Point Brands Inc (TPB) Downgraded by Zacks Investment Research to "Sell"|
www.americanbankingnews.com - May 17 at 8:58 AM
|ETFs with exposure to Turning Point Brands, Inc. : May 16, 2017|
finance.yahoo.com - May 16 at 8:15 PM
|Turning Point Brands, Inc. :TPB-US: Earnings Analysis: Q1, 2017 By the Numbers : May 15, 2017|
finance.yahoo.com - May 15 at 7:28 PM
|Turning Point Brands Inc (TPB) Stock Rating Reaffirmed by Cowen and Company|
www.americanbankingnews.com - May 15 at 1:56 PM
|Q4 2017 EPS Estimates for Turning Point Brands Inc Boosted by Analyst (TPB)|
www.americanbankingnews.com - May 15 at 8:56 AM
|Turning Point Brands (TPB) PT Raised to $19 at Cowen on 1Q Report; 'Seizing the Smokeless Opportunity'|
www.streetinsider.com - May 13 at 1:49 AM
|FBR & Co Reiterates Buy Rating for Turning Point Brands Inc (TPB)|
www.americanbankingnews.com - May 12 at 5:20 PM
|BRIEF-Turning Point Brands posts Q1 earnings per share $0.10|
www.reuters.com - May 12 at 3:47 PM
|Turning Point Brands, Inc. Reports First Quarter 2017 Results|
finance.yahoo.com - May 12 at 2:35 AM
|Turning Point Brands Inc (TPB) Releases Quarterly Earnings Results|
www.americanbankingnews.com - May 11 at 3:00 PM
|Zacks: Turning Point Brands Inc (TPB) Given $17.50 Consensus Price Target by Brokerages|
www.americanbankingnews.com - May 11 at 8:16 AM
|Turning Point Brands Inc (TPB) Set to Announce Earnings on Thursday|
www.americanbankingnews.com - May 9 at 7:08 AM
|Turning Point Brands to Host First Quarter FY2017 Conference Call|
finance.yahoo.com - April 27 at 9:23 AM
|ETFs with exposure to Turning Point Brands, Inc. : April 25, 2017|
finance.yahoo.com - April 25 at 7:14 PM
|Upside seen for Turning Point Brands|
seekingalpha.com - April 18 at 8:46 AM
|Vapor Shark Ranked Among Entrepreneur Magazine’s Top 100 New Franchises of 2017|
finance.yahoo.com - April 7 at 11:03 PM
| Turning Point Brands Inc (TPB) Receives Consensus Recommendation of "" from Brokerages|
www.americanbankingnews.com - March 24 at 11:53 AM
|Turning Point Brands Inc (TPB) Lowered to "Hold" at Zacks Investment Research|
www.americanbankingnews.com - March 22 at 8:20 AM
|BRIEF-Turning Point Brands enters strategic cooperation agreement with Vapor Shark|
www.reuters.com - March 20 at 6:26 PM
|Louisville company hopes to grow by linking with Vapor Shark|
www.bizjournals.com - March 20 at 6:26 PM
|Turning Point Brands, Inc. Enters Strategic Cooperation Agreement with Vapor Shark|
www.businesswire.com - March 20 at 6:26 PM
|Turning Point Brands: Light Up Your Portfolio With This Tobacco Company|
seekingalpha.com - March 18 at 7:22 PM
|Turning Point Brands Inc (TPB) Rating Increased to Buy at Zacks Investment Research|
www.americanbankingnews.com - March 18 at 8:46 AM
|TURNING POINT BRANDS, INC. Financials|
finance.yahoo.com - March 18 at 2:16 AM
|Brokers Set Expectations for Turning Point Brands Inc’s Q2 2017 Earnings (TPB)|
www.americanbankingnews.com - March 17 at 11:19 AM
|Turning Point Brands Inc (TPB) Rating Lowered to Hold at Zacks Investment Research|
www.americanbankingnews.com - March 16 at 8:27 PM
|Research Analysts Set Expectations for Turning Point Brands Inc’s Q1 2017 Earnings (TPB)|
www.americanbankingnews.com - March 16 at 12:19 PM
|Turning Point Brands Inc (TPB) PT Raised to $15.00 at FBR & Co|
www.americanbankingnews.com - March 14 at 10:52 PM
|TURNING POINT BRANDS, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements an|
biz.yahoo.com - March 13 at 7:54 PM
|Turning Point Brands EPS of $0.87|
seekingalpha.com - March 13 at 8:43 AM
|Turning Point Brands, Inc. Reports 2016 Fourth Quarter and Full Year Results|
finance.yahoo.com - March 13 at 8:43 AM
|Q4 2016 Turning Point Brands Inc Earnings Release - 07:00 am ET|
biz.yahoo.com - March 13 at 8:43 AM
|Turning Point Brands to Host FY2016 Earnings Conference Call|
finance.yahoo.com - March 1 at 9:25 AM
Turning Point Brands (TPB) Chart for Sunday, July, 23, 2017