NYSE:TPB

Turning Point Brands Stock Forecast, Price & News

$42.14
-0.64 (-1.50 %)
(As of 06/18/2021 12:00 AM ET)
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Today's Range
$41.50
$42.48
50-Day Range
$42.14
$50.99
52-Week Range
$23.58
$61.08
Volume181,631 shs
Average Volume198,493 shs
Market Capitalization$803.15 million
P/E Ratio20.16
Dividend Yield0.51%
Beta0.54
30 days | 90 days | 365 days | Advanced Chart
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Turning Point Brands logo

About Turning Point Brands

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, and Trophy 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. The company 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 incorporated in 2004 and is headquartered in Louisville, Kentucky.

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Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous


MarketRank

Overall MarketRank

2.53 out of 5 stars

Consumer Staples Sector

7th out of 312 stocks

Tobacco Products Industry

1st out of 8 stocks

Analyst Opinion: 3.5Community Rank: 2.7Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -
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Turning Point Brands (NYSE:TPB) Frequently Asked Questions

Is Turning Point Brands a buy right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Turning Point Brands in the last year. There are currently 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Turning Point Brands stock.
View analyst ratings for Turning Point Brands
or view top-rated stocks.

What stocks does MarketBeat like better than Turning Point Brands?

Wall Street analysts have given Turning Point Brands a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Turning Point Brands wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Turning Point Brands' next earnings date?

Turning Point Brands is scheduled to release its next quarterly earnings announcement on Tuesday, July 27th 2021.
View our earnings forecast for Turning Point Brands
.

How were Turning Point Brands' earnings last quarter?

Turning Point Brands, Inc. (NYSE:TPB) released its quarterly earnings results on Monday, April, 26th. The company reported $0.80 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.64 by $0.16. The business earned $107.60 million during the quarter, compared to analyst estimates of $100.14 million. Turning Point Brands had a trailing twelve-month return on equity of 51.23% and a net margin of 9.84%. The company's quarterly revenue was up 18.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.51 earnings per share.
View Turning Point Brands' earnings history
.

How has Turning Point Brands' stock price been impacted by COVID-19?

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 stock has increased by 107.7% and is now trading at $42.14.
View which stocks have been most impacted by COVID-19
.

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

Turning Point Brands announced a quarterly dividend on Tuesday, May 4th. Investors of record on Friday, June 18th will be paid a dividend of $0.055 per share on Friday, July 9th. This represents a $0.22 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend is Thursday, June 17th.
View Turning Point Brands' dividend history
.

Is Turning Point Brands a good dividend stock?

Turning Point Brands pays an annual dividend of $0.22 per share and currently has a dividend yield of 0.51%. Turning Point Brands does not yet have a strong track record of dividend growth. The dividend payout ratio of Turning Point Brands is 7.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Turning Point Brands will have a dividend payout ratio of 6.85% next year. This indicates that Turning Point Brands will be able to sustain or increase its dividend.
View Turning Point Brands' dividend history.

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

Turning Point Brands updated its FY 2021 earnings guidance on Tuesday, May, 4th. The company provided earnings per share (EPS) guidance of - for the period. The company issued revenue guidance of $422 million-$440 million, compared to the consensus revenue estimate of $423.48 million.

What price target have analysts set for TPB?

5 equities research analysts have issued 1 year price targets for Turning Point Brands' shares. Their forecasts range from $38.00 to $65.00. On average, they anticipate Turning Point Brands' stock price to reach $54.00 in the next year. This suggests a possible upside of 28.1% from the stock's current price.
View analysts' price targets for Turning Point Brands
or view top-rated stocks among Wall Street analysts.

Who are Turning Point Brands' key executives?

Turning Point Brands' management team includes the following people:
  • Mr. Lawrence S. Wexler, Pres, CEO & Director (Age 69, Pay $1.92M)
  • Mr. Graham A. Purdy, Sr. VP & COO (Age 49, Pay $982.92k)
  • Mr. Louie Reformina, Sr. VP & Chief Financial Officer
  • Mr. Brian Wigginton, Sr. VP & Chief Accounting Officer
  • Ms. Brittani N. Cushman, Sr. VP, Gen. Counsel & Corp. Sec. (Age 36)
  • Mr. Michael G. Terry, Sr. VP of Marketing
  • Mr. James M. Murray, Sr. VP of Bus. Planning (Age 60)
  • Mr. Charles H. Melander, Sr. VP of Operations & Quality Assurance

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), JD.com (JD), (CGC), 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 a variety of retail and institutional investors. Top institutional investors include Thrivent Financial for Lutherans (7.86%), BlackRock Inc. (4.70%), Barclays PLC (2.82%), Tamarack Advisers LP (2.10%), Dimensional Fund Advisors LP (2.02%) and Bank of Montreal Can (1.68%). Company insiders that own Turning Point Brands stock include Ashley Davis Frushone, General LP Standard, HC Charles Diao, Lawrence Wexler and Robert M Lavan.
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 Morgan Stanley, DG Capital Management LLC, First Sabrepoint Capital Management LP, No Street GP LP, Thrivent Financial for Lutherans, Jane Street Group LLC, D. E. Shaw & Co. Inc., and AQR Capital Management LLC.
View insider buying and selling activity for Turning Point Brands
or view top insider-selling stocks.

Which institutional investors are buying Turning Point Brands stock?

TPB stock was acquired by a variety of institutional investors in the last quarter, including Barclays PLC, Garnet Equity Capital Holdings Inc., Caas Capital Management LP, SG Americas Securities LLC, Pinz Capital Management LP, Pura Vida Investments LLC, Penn Capital Management Co. Inc., and Tamarack Advisers LP. 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
or or view top insider-buying stocks.

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 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 $42.14.

How much money does Turning Point Brands make?

Turning Point Brands has a market capitalization of $803.15 million and generates $405.11 million in revenue each year. The company earns $33.04 million in net income (profit) each year or $2.81 on an earnings per share basis.

How many employees does Turning Point Brands have?

Turning Point Brands employs 408 workers across the globe.

What is Turning Point Brands' official website?

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

Where are Turning Point Brands' headquarters?

Turning Point Brands is headquartered at 5201 Interchange Way, Louisville KY, 40229.

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 6/20/2021 by MarketBeat.com Staff
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