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NYSE:TPBTurning Point Brands Stock Price, Forecast & News

$24.30
-0.01 (-0.04 %)
(As of 06/3/2020 04:00 PM ET)
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Compare
Today's Range
$23.94
Now: $24.30
$24.65
50-Day Range
$19.68
MA: $22.36
$25.13
52-Week Range
$14.09
Now: $24.30
$57.06
Volume60,400 shs
Average Volume147,816 shs
Market Capitalization$475.21 million
P/E Ratio47.65
Dividend Yield0.82%
Beta0.73
Turning Point Brands, Inc., together with its subsidiaries, provides other tobacco products 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 loose leaf chewing tobacco products. The Smoking Products segment imports and markets cigarette papers, tubes, and related products, as well as finished cigars, make-your-own cigar tobaccos, and cigar wraps; and processes, packages, and markets pipe tobaccos. The NewGen Products segment markets and distributes e-cigarettes, e-liquids, vaporizers, and other products without tobacco and/or nicotine. It also distributes various assortments of vaping related products to non-traditional retail outlets through VaporBeast, Vapor Shark, Vapor Supply, and IVG; and various vaping related products to individual consumers through Shark, Vapor World, and VaporFi branded retail outlets, as well as through online platforms. The company sells its products under the Zig-Zag, Beech-Nut, Stoker's, Trophy, VaporBeast, Vapor Shark, VaporFi, Havana Blossom, Durango, Tequila Sunrise, Fred's Choice, Old Hillside, Our Pride, Red Cap, Tennessee Chew, Big Mountain, Springfield Standard, Snake River, DirectVapor, and SouthBeachSmoke brands. It sells its products to wholesale distributors and retail merchants in the independent and chain convenience store, tobacco outlet, food store, mass merchandising, drug store, and non-traditional retail channels. 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 incorporated in 2004 and is headquartered in Louisville, Kentucky. Turning Point Brands, Inc. is a subsidiary of Standard Diversified Inc.
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Turning Point Brands logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.7Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.83 out of 5 stars


Industry, Sector and Symbol

Industry Tobacco products
Sub-IndustryN/A
CUSIPN/A
Phone502-778-4421

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$361.99 million
Cash Flow$2.32 per share
Book Value$5.42 per share

Profitability

Net Income$13.77 million

Miscellaneous

Employees520
Market Cap$475.21 million
Next Earnings Date7/29/2020 (Estimated)
OptionableOptionable

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Turning Point Brands (NYSE:TPB) Frequently Asked Questions

How has Turning Point Brands' stock been impacted by COVID-19 (Coronavirus)?

Turning Point Brands' stock was trading at $20.29 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, TPB shares have increased by 19.8% and is now trading at $24.30. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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.

When is Turning Point Brands' next earnings date?

Turning Point Brands is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Turning Point Brands.

How were Turning Point Brands' earnings last quarter?

Turning Point Brands Inc (NYSE:TPB) announced its earnings results on Tuesday, April, 28th. The company reported $0.51 EPS for the quarter, topping the Zacks' consensus estimate of $0.38 by $0.13. The company earned $90.69 million during the quarter, compared to analysts' expectations of $83.70 million. Turning Point Brands had a net margin of 2.91% and a return on equity of 39.28%. The firm's revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 EPS. View Turning Point Brands' earnings history.

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, May 27th. Stockholders of record on Friday, June 19th will be given a dividend of $0.05 per share on Friday, July 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Thursday, June 18th. View Turning Point Brands' dividend history.

What guidance has Turning Point Brands issued on next quarter's earnings?

Turning Point Brands issued an update on its second quarter 2020 Pre-Market earnings guidance on Tuesday, April, 28th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $81-87 million, compared to the consensus revenue estimate of $85.35 million.

What price target have analysts set for TPB?

2 equities research analysts have issued 12 month price targets for Turning Point Brands' shares. Their forecasts range from $38.00 to $40.00. On average, they expect Turning Point Brands' stock price to reach $39.00 in the next year. This suggests a possible upside of 60.5% from the stock's current price. View analysts' price targets for Turning Point Brands.

Has Turning Point Brands been receiving favorable news coverage?

Media stories about TPB stock have trended somewhat positive on Wednesday, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Turning Point Brands earned a media sentiment score of 0.9 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutTurning Point Brands.

Are investors shorting Turning Point Brands?

Turning Point Brands saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 869,800 shares, a decrease of 9.8% from the April 30th total of 964,700 shares. Based on an average trading volume of 170,400 shares, the days-to-cover ratio is currently 5.1 days. Currently, 9.8% of the company's stock are sold short. View Turning Point Brands' Current Options Chain.

Who are some of Turning Point Brands' key competitors?

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), Canopy Growth (CGC), Altria Group (MO), Cronos Group (CRON), JD.Com (JD), Baidu (BIDU), TENCENT HOLDING/ADR (TCEHY), Innovative Industrial Properties (IIPR), IQIYI (IQ) and Okta (OKTA).

Who are Turning Point Brands' key executives?

Turning Point Brands' management team includes the following people:
  • Mr. Lawrence S. Wexler, Pres, CEO & Director (Age 67)
  • Mr. Robert Lavan, CFO & Sr. VP (Age 38)
  • Mr. James W. Dobbins, Sr. VP, Gen. Counsel & Corp. Sec. (Age 59)
  • Mr. Charles H. Melander, Sr. VP of Operations & Quality Assurance
  • Mr. Brian Wigginton, Chief Accounting Officer & VP of Fin.

When did Turning Point Brands IPO?

(TPB) raised $76 million in an 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 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 a variety of institutional and retail investors. Top institutional investors include Thrivent Financial for Lutherans (7.61%), ETF Managers Group LLC (3.52%), BlackRock Inc. (3.19%), Brigade Capital Management LP (1.60%), Northern Right Capital Management L.P. (1.15%) and DG Capital Management LLC (0.89%). Company insiders that own Turning Point Brands stock include Ashley Davis Frushone, General LP Standard, HC Charles Diao, James Michael Murray, James Wells Dobbins, Lawrence Wexler, Robert M Lavan and Thomas F Jr Helms. View institutional ownership trends for Turning Point Brands.

Which institutional investors are selling Turning Point Brands stock?

TPB stock was sold by a variety of institutional investors in the last quarter, including Thrivent Financial for Lutherans, ETF Managers Group LLC, Two Sigma Investments LP, WINTON GROUP Ltd, Nuveen Asset Management LLC, Morgan Stanley, Morgan Stanley, and Brigade Capital Management LP. View insider buying and selling activity for Turning Point Brands.

Which institutional investors are buying Turning Point Brands stock?

TPB stock was purchased by a variety of institutional investors in the last quarter, including DG Capital Management LLC, Northern Right Capital Management L.P., Parthenon LLC, Trexquant Investment LP, Garnet Equity Capital Holdings Inc., Aigen Investment Management LP, Deutsche Bank AG, and BlackRock Inc.. Company insiders that have bought Turning Point Brands stock in the last two years include Ashley Davis Frushone, General LP Standard, HC Charles Diao, Lawrence Wexler, and Robert M Lavan. View insider buying and selling activity for Turning Point Brands.

How do I buy shares of 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.

What is Turning Point Brands' stock price today?

One share of TPB stock can currently be purchased for approximately $24.30.

How big of a company is Turning Point Brands?

Turning Point Brands has a market capitalization of $475.21 million and generates $361.99 million in revenue each year. The company earns $13.77 million in net income (profit) each year or $1.86 on an earnings per share basis. Turning Point Brands employs 520 workers across the globe.

What is Turning Point Brands' official website?

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

How can I contact Turning Point Brands?

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]

This page was last updated on 6/3/2020 by MarketBeat.com Staff

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