Turning Point Brands (NYSE:TPB) announced its earnings results on Wednesday. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.05), Briefing.com reports. Turning Point Brands had a return on equity of 42.94% and a net margin of 8.25%. The business had revenue of $80.20 million for the quarter, compared to analyst estimates of $82.47 million. During the same quarter in the previous year, the company posted $0.49 EPS. The business’s revenue for the quarter was down 15.0% compared to the same quarter last year. Turning Point Brands updated its Q1 2020
Pre-Market guidance to EPS and its FY 2020
Pre-Market guidance to EPS.
NYSE TPB traded up $2.71 on Wednesday, hitting $25.35. 444,900 shares of the stock were exchanged, compared to its average volume of 150,055. The company has a debt-to-equity ratio of 3.25, a current ratio of 4.68 and a quick ratio of 2.40. The business’s fifty day moving average is $24.68 and its 200 day moving average is $26.85. Turning Point Brands has a 52 week low of $20.10 and a 52 week high of $57.06. The company has a market capitalization of $468.35 million, a PE ratio of 16.35 and a beta of 0.79.
TPB has been the subject of several recent research reports. ValuEngine cut shares of Turning Point Brands from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Zacks Investment Research cut shares of Turning Point Brands from a “hold” rating to a “sell” rating in a report on Friday, January 31st. Finally, Buckingham Research initiated coverage on shares of Turning Point Brands in a report on Tuesday, November 26th. They set a “buy” rating and a $40.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $41.67.
About Turning Point Brands
Turning Point Brands, Inc, together with its subsidiaries, provides other tobacco products 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 loose leaf chewing tobacco products.
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