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

Turning Point Brands (NYSE:TPB) is anticipated to issue its quarterly earnings data 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. Parties interested in listening to the company’s conference call can do so using this link.

Turning Point Brands Stock Performance

Shares of NYSE TPB opened at $68.43 on Tuesday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.78 and a current ratio of 4.21. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 27.15 and a beta of 0.65. The business’s 50-day simple moving average is $61.48 and its 200-day simple moving average is $52.31. Turning Point Brands has a 52 week low of $22.47 and a 52 week high of $70.99.

Analyst Ratings Changes

TPB has been the topic of a number of analyst reports. StockNews.com lowered Turning Point Brands from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Benchmark increased their target price on Turning Point Brands from $45.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Roth Capital upgraded Turning Point Brands to a “strong-buy” rating in a research note on Friday, November 8th. Roth Mkm restated a “buy” rating and set a $70.00 target price on shares of Turning Point Brands in a research note on Friday, January 10th. Finally, Oppenheimer started coverage on Turning Point Brands in a research note on Thursday, November 14th. They set an “outperform” rating and a $65.00 target price for the company. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price 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.