Turning Point Brands (TPB) Set to Announce Quarterly Earnings on Thursday

Turning Point Brands (NYSE:TPB) is scheduled to be releasing its earnings data before the market opens on Thursday, August 1st. Individual that wish to register for the company’s earnings conference call can do so using this link.

Turning Point Brands (NYSE:TPB) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.72 earnings per share for the quarter. The firm had revenue of $97.06 million during the quarter. Turning Point Brands had a return on equity of 37.62% and a net margin of 10.68%.

Turning Point Brands Stock Performance

Shares of TPB stock opened at $37.74 on Tuesday. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.55 and a quick ratio of 1.59. The stock has a market cap of $664.98 million, a PE ratio of 16.63 and a beta of 0.62. The stock has a 50-day moving average of $33.71 and a 200-day moving average of $29.50. Turning Point Brands has a one year low of $19.67 and a one year high of $38.91.

Turning Point Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 14th were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.74%. Turning Point Brands’s dividend payout ratio (DPR) is presently 12.33%.

Insiders Place Their Bets

In other news, insider Plano Lorenzo De purchased 4,000 shares of Turning Point Brands stock in a transaction on Monday, June 17th. The stock was purchased at an average price of $31.80 per share, with a total value of $127,200.00. Following the transaction, the insider now directly owns 34,896 shares in the company, valued at approximately $1,109,692.80. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Plano Lorenzo De acquired 4,000 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were bought at an average price of $31.80 per share, for a total transaction of $127,200.00. Following the purchase, the insider now directly owns 34,896 shares in the company, valued at approximately $1,109,692.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Lawrence Wexler sold 4,695 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $31.57, for a total value of $148,221.15. Following the sale, the director now owns 367,701 shares in the company, valued at approximately $11,608,320.57. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

Analyst Upgrades and Downgrades

TPB has been the subject of several research analyst reports. Benchmark reiterated a “buy” rating and issued a $45.00 price objective on shares of Turning Point Brands in a research report on Wednesday, June 5th. StockNews.com upgraded Turning Point Brands from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 17th.

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 Creative Distribution Solutions. 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.