Turning Point Brands (TPB) Projected to Post Earnings on Wednesday

Turning Point Brands (NYSE:TPB) is anticipated to announce its earnings results before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.74 per share and revenue of $99.96 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Turning Point Brands Price Performance

Shares of Turning Point Brands stock opened at $67.94 on Monday. The firm has a fifty day simple moving average of $61.32 and a 200-day simple moving average of $52.09. The company has a current ratio of 4.21, a quick ratio of 1.78 and a debt-to-equity ratio of 1.33. Turning Point Brands has a 1-year low of $22.47 and a 1-year high of $70.99. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 26.96 and a beta of 0.65.

Analyst Ratings Changes

A number of analysts have recently weighed in on TPB shares. StockNews.com cut shares of Turning Point Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Roth Mkm restated a “buy” rating and issued a $70.00 price objective on shares of Turning Point Brands in a research note on Friday, January 10th. Oppenheimer initiated coverage on shares of Turning Point Brands in a research note on Thursday, November 14th. They issued an “outperform” rating and a $65.00 price objective for the company. Roth Capital upgraded shares of Turning Point Brands to a “strong-buy” rating in a research note on Friday, November 8th. Finally, Craig Hallum upped 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. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $68.75.

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.