Turning Point Brands Inc (NYSE:TPB) – Stock analysts at B. Riley cut their FY2018 earnings per share estimates for Turning Point Brands in a research report issued to clients and investors on Thursday, November 8th. B. Riley analyst S. Anderson now anticipates that the company will post earnings per share of $1.94 for the year, down from their previous estimate of $1.99. B. Riley currently has a “Buy” rating and a $45.00 price target on the stock.

Other research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Turning Point Brands from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Wednesday, November 7th. Cowen restated a “buy” rating on shares of Turning Point Brands in a research note on Friday, August 10th.

Shares of TPB opened at $34.24 on Monday. Turning Point Brands has a 12 month low of $15.71 and a 12 month high of $47.00. The firm has a market cap of $728.02 million, a PE ratio of 31.70 and a beta of 0.69. The company has a current ratio of 1.75, a quick ratio of 0.36 and a debt-to-equity ratio of 2.45.

Turning Point Brands (NYSE:TPB) last announced its quarterly earnings results on Wednesday, November 7th. The company reported $0.47 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.05). Turning Point Brands had a return on equity of 48.99% and a net margin of 7.64%. The business had revenue of $83.30 million for the quarter, compared to analyst estimates of $84.10 million. During the same quarter last year, the company earned $0.38 EPS. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year.

Large investors have recently bought and sold shares of the stock. Harvest Fund Management Co. Ltd acquired a new position in Turning Point Brands in the 3rd quarter valued at $109,000. First Quadrant L P CA acquired a new position in Turning Point Brands in the 3rd quarter valued at $130,000. OppenheimerFunds Inc. acquired a new position in Turning Point Brands in the 2nd quarter valued at $200,000. Virtu Financial LLC acquired a new position in Turning Point Brands in the 3rd quarter valued at $209,000. Finally, Stone Ridge Asset Management LLC acquired a new position in Turning Point Brands in the 3rd quarter valued at $236,000. Institutional investors and hedge funds own 27.17% of the company’s stock.

In related news, Director Thomas F. Jr. Helms sold 20,000 shares of the firm’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $31.82, for a total value of $636,400.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP James Michael Murray sold 4,047 shares of the firm’s stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $33.09, for a total transaction of $133,915.23. Following the completion of the transaction, the vice president now owns 21,546 shares in the company, valued at $712,957.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 60,047 shares of company stock worth $2,256,555. 6.90% of the stock is currently owned by company insiders.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 11th. Stockholders of record on Friday, December 21st will be paid a dividend of $0.045 per share. This is a positive change from Turning Point Brands’s previous quarterly dividend of $0.04. The ex-dividend date is Thursday, December 20th. This represents a $0.18 annualized dividend and a dividend yield of 0.53%. Turning Point Brands’s dividend payout ratio is 14.81%.

About Turning Point Brands

Turning Point Brands, Inc, together with its subsidiaries, provides other tobacco products primarily in the United States. It operates through 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.

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Earnings History and Estimates for Turning Point Brands (NYSE:TPB)

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