Turning Point Brands (TPB) Receiving Somewhat Favorable News Coverage, Study Shows
Media stories about Turning Point Brands (NYSE:TPB) have trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Turning Point Brands earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave media headlines about the company an impact score of 48.3466958919062 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Turning Point Brands, Inc. (TPB) Receives “Buy” Rating from B. Riley (americanbankingnews.com)
- Turning Point Brands’ (TPB) CEO Larry Wexler on Q3 2017 Results – Earnings Call Transcript (seekingalpha.com)
- Turning Point Brands, Inc. (TPB) Posts Quarterly Earnings Results, Misses Expectations By $0.06 EPS (americanbankingnews.com)
- Turning Point Brands, Inc. (TPB) to Issue $0.04 Annual Dividend (americanbankingnews.com)
- Edited Transcript of TPB earnings conference call or presentation 9-Nov-17 3:00pm GMT (finance.yahoo.com)
TPB has been the topic of several research reports. FBR & Co reaffirmed a “buy” rating and issued a $17.00 price target on shares of Turning Point Brands in a report on Monday, October 2nd. Zacks Investment Research raised Turning Point Brands from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Cowen and Company reaffirmed a “buy” rating and issued a $20.00 price target on shares of Turning Point Brands in a report on Sunday, September 17th. Finally, B. Riley reaffirmed a “buy” rating and issued a $20.00 price target on shares of Turning Point Brands in a report on Friday.
Turning Point Brands (TPB) traded up $0.01 during midday trading on Monday, hitting $15.61. The company’s stock had a trading volume of 98,000 shares, compared to its average volume of 45,319. The company has a market capitalization of $299.86, a PE ratio of 8.09 and a beta of 0.15. Turning Point Brands has a 52 week low of $11.67 and a 52 week high of $18.99. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.81 and a quick ratio of 0.37.
Turning Point Brands (NYSE:TPB) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.06). Turning Point Brands had a net margin of 12.70% and a return on equity of 93.53%. The company had revenue of $73.30 million during the quarter, compared to the consensus estimate of $71.15 million. During the same period in the prior year, the company posted $0.34 EPS. Turning Point Brands’s quarterly revenue was up 43.9% on a year-over-year basis. sell-side analysts predict that Turning Point Brands will post 1.13 earnings per share for the current year.
The company also recently announced an annual dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, November 27th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, November 24th.
In other news, Director H.C. Charles Diao bought 3,303 shares of the business’s stock in a transaction on Friday, August 18th. The shares were bought at an average cost of $16.49 per share, with a total value of $54,466.47. Following the purchase, the director now directly owns 2,003 shares in the company, valued at $33,029.47. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder General L.P. Standard bought 100,000 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were purchased at an average cost of $16.52 per share, for a total transaction of $1,652,000.00. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 203,303 shares of company stock worth $3,415,466. Company insiders own 14.20% of the company’s stock.
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Turning Point Brands Company Profile
Turning Point Brands, Inc is an independent provider of Other Tobacco Products (OTP) 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 chewing tobacco products.
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