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NYSE:TPBTurning Point Brands Stock Price, Forecast & News

$29.97
+0.17 (+0.57 %)
(As of 08/13/2020 04:00 PM ET)
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Today's Range
$29.77
Now: $29.97
$30.28
50-Day Range
$23.59
MA: $28.45
$33.75
52-Week Range
$14.09
Now: $29.97
$39.00
Volume156,900 shs
Average Volume161,054 shs
Market Capitalization$576.08 million
P/E Ratio93.66
Dividend Yield0.67%
Beta0.85
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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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.7Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.90 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$2.28 per share
Book Value$5.42 per share

Profitability

Net Income$13.77 million

Miscellaneous

Employees520
Market Cap$576.08 million
Next Earnings Date11/6/2020 (Estimated)
OptionableOptionable
$29.97
+0.17 (+0.57 %)
(As of 08/13/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Turning Point Brands (NYSE:TPB) Frequently Asked Questions

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 47.7% and is now trading at $29.97.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Turning Point Brands?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Turning Point Brands in the last year. There are currently 3 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 Friday, November 6th 2020.
View our earnings forecast for Turning Point Brands
.

How were Turning Point Brands' earnings last quarter?

Turning Point Brands Inc (NYSE:TPB) issued its quarterly earnings results on Tuesday, July, 28th. The company reported $0.71 EPS for the quarter, beating the Zacks' consensus estimate of $0.45 by $0.26. The company had revenue of $104.96 million for the quarter, compared to the consensus estimate of $100.01 million. Turning Point Brands had a net margin of 1.75% and a return on equity of 41.61%. Turning Point Brands's quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 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. Shareholders of record on Friday, June 19th will be paid a dividend of $0.05 per share on Friday, July 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date 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 updated its third quarter 2020 Pre-Market earnings guidance on Tuesday, July, 28th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $90-95 million, compared to the consensus revenue estimate of $90.19 million.

What price target have analysts set for TPB?

3 analysts have issued 12 month price objectives for Turning Point Brands' shares. Their forecasts range from $38.00 to $50.00. On average, they expect Turning Point Brands' stock price to reach $42.67 in the next twelve months. This suggests a possible upside of 42.4% from the stock's current price.
View analysts' price targets for Turning Point Brands
.

Has Turning Point Brands been receiving favorable news coverage?

Media coverage about TPB stock has trended negative this week, InfoTrie Sentiment reports. The research firm rates the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public 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 -2.4 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future.
View the latest news about Turning Point Brands
.

Are investors shorting Turning Point Brands?

Turning Point Brands saw a increase in short interest in June. As of June 15th, there was short interest totaling 1,000,000 shares, an increase of 12.2% from the May 31st total of 891,000 shares. Based on an average trading volume of 112,800 shares, the short-interest ratio is presently 8.9 days. Approximately 11.4% of the company's shares are sold short.
View Turning Point Brands' Short Interest
.

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), JD.Com (JD), TENCENT HOLDING/ADR (TCEHY), Cronos Group (CRON), Shopify (SHOP), Teladoc Health (TDOC), Baidu (BIDU) and Chesapeake Energy (CHKAQ).

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 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 served 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 number of retail and institutional investors. Top institutional shareholders include Thrivent Financial for Lutherans (7.85%), Bank of Montreal Can (1.52%), Barclays PLC (1.17%), Marshall Wace LLP (0.59%), Prudential Financial Inc. (0.47%) and Bank of New York Mellon Corp (0.29%). Company insiders that own Turning Point Brands stock include Ashley Davis Frushone, General LP Standard, HC Charles Diao, James Michael Murray, Lawrence Wexler, Robert M Lavan and Thomas F Jr Helms.
View institutional ownership trends for Turning Point Brands
.

Which major investors are selling Turning Point Brands stock?

TPB stock was sold by a variety of institutional investors in the last quarter, including Marshall Wace LLP, Aigen Investment Management LP, SG Americas Securities LLC, Algert Global LLC, Bank of New York Mellon Corp, and AdvisorShares Investments LLC.
View insider buying and selling activity for Turning Point Brands
.

Which major investors are buying Turning Point Brands stock?

TPB stock was acquired by a variety of institutional investors in the last quarter, including Monarch Partners Asset Management LLC, Thrivent Financial for Lutherans, Barclays PLC, Aptus Capital Advisors LLC, Bank of Montreal Can, Cambria Investment Management L.P., Parthenon LLC, and Prudential Financial 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 $29.97.

How big of a company is Turning Point Brands?

Turning Point Brands has a market capitalization of $576.08 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 8/14/2020 by MarketBeat.com Staff

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