What is Roth Capital’s Estimate for TPB FY2024 Earnings?

Turning Point Brands, Inc. (NYSE:TPB) – Investment analysts at Roth Capital decreased their FY2024 EPS estimates for shares of Turning Point Brands in a report issued on Tuesday, February 25th. Roth Capital analyst N. Anderson now anticipates that the company will earn $2.56 per share for the year, down from their previous forecast of $2.62. Roth Capital currently has a “Strong-Buy” rating on the stock. The consensus estimate for Turning Point Brands’ current full-year earnings is $2.59 per share. Roth Capital also issued estimates for Turning Point Brands’ Q4 2024 earnings at $0.57 EPS, Q1 2025 earnings at $0.73 EPS, Q2 2025 earnings at $0.76 EPS, Q3 2025 earnings at $0.82 EPS, Q4 2025 earnings at $0.87 EPS and FY2025 earnings at $3.17 EPS.

A number of other brokerages have also recently issued reports on TPB. StockNews.com cut Turning Point Brands from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Roth Mkm reiterated a “buy” rating and set a $70.00 price objective on shares of Turning Point Brands in a research note on Friday, January 10th. Craig Hallum raised their target price on shares of Turning Point Brands from $60.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Oppenheimer assumed coverage on shares of Turning Point Brands in a research report on Thursday, November 14th. They set an “outperform” rating and a $65.00 price target for the company. Finally, Benchmark raised their price objective on Turning Point Brands from $45.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $68.75.

Turning Point Brands Stock Performance

Shares of NYSE:TPB opened at $68.64 on Wednesday. The business has a 50-day moving average of $61.48 and a two-hundred day moving average of $52.31. The firm has a market capitalization of $1.21 billion, a PE ratio of 27.24 and a beta of 0.65. The company has a debt-to-equity ratio of 1.33, a current ratio of 4.21 and a quick ratio of 1.78. Turning Point Brands has a 12 month low of $22.47 and a 12 month high of $70.99.

Institutional Investors Weigh In On Turning Point Brands

A number of large investors have recently added to or reduced their stakes in TPB. Sunbelt Securities Inc. purchased a new position in Turning Point Brands in the 4th quarter valued at about $96,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Turning Point Brands by 115.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 23,068 shares of the company’s stock worth $1,386,000 after acquiring an additional 12,364 shares in the last quarter. Virtus Fund Advisers LLC purchased a new position in Turning Point Brands in the fourth quarter valued at about $48,000. Virtus Investment Advisers Inc. acquired a new stake in Turning Point Brands during the 4th quarter valued at approximately $529,000. Finally, Squarepoint Ops LLC increased its holdings in Turning Point Brands by 65.4% during the 4th quarter. Squarepoint Ops LLC now owns 62,663 shares of the company’s stock worth $3,766,000 after purchasing an additional 24,787 shares during the last quarter. 96.12% of the stock is owned by institutional investors and hedge funds.

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.