B. Riley Weighs in on Turning Point Brands, Inc.’s Q1 2022 Earnings (NYSE:TPB)

Turning Point Brands, Inc. (NYSE:TPBGet Rating) – B. Riley reduced their Q1 2022 EPS estimates for Turning Point Brands in a research note issued on Friday, April 22nd. B. Riley analyst S. Anderson now forecasts that the company will post earnings per share of $0.57 for the quarter, down from their prior estimate of $0.71. B. Riley also issued estimates for Turning Point Brands’ Q2 2022 earnings at $0.71 EPS, FY2022 earnings at $2.84 EPS and FY2023 earnings at $3.37 EPS.

Other equities analysts have also recently issued reports about the stock. Barclays reduced their price target on shares of Turning Point Brands from $46.00 to $38.00 in a research report on Thursday, February 24th. StockNews.com started coverage on shares of Turning Point Brands in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Zacks Investment Research upgraded shares of Turning Point Brands from a “sell” rating to a “hold” rating in a research report on Wednesday, March 30th.

NYSE:TPB opened at $30.96 on Monday. The company has a current ratio of 6.18, a quick ratio of 4.01 and a debt-to-equity ratio of 3.10. The stock has a market capitalization of $565.61 million, a P/E ratio of 12.29 and a beta of 0.48. The firm has a 50 day moving average of $32.28 and a 200-day moving average of $36.23. Turning Point Brands has a 1 year low of $29.04 and a 1 year high of $54.49.

Turning Point Brands (NYSE:TPBGet Rating) last issued its quarterly earnings results on Tuesday, February 22nd. The company reported $0.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.21. The company had revenue of $105.28 million for the quarter, compared to the consensus estimate of $99.41 million. Turning Point Brands had a return on equity of 47.49% and a net margin of 11.69%. The firm’s revenue was up .0% compared to the same quarter last year. During the same period last year, the business posted $0.84 earnings per share.

The business also recently declared a quarterly dividend, which was paid on Friday, April 8th. Shareholders of record on Friday, March 18th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.78%. This is a boost from Turning Point Brands’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Thursday, March 17th. Turning Point Brands’s dividend payout ratio (DPR) is presently 9.52%.

Several institutional investors have recently added to or reduced their stakes in TPB. New York State Teachers Retirement System purchased a new position in shares of Turning Point Brands in the fourth quarter worth about $26,000. Royal Bank of Canada boosted its position in Turning Point Brands by 35.8% during the 2nd quarter. Royal Bank of Canada now owns 1,198 shares of the company’s stock valued at $55,000 after buying an additional 316 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Turning Point Brands by 111.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,391 shares of the company’s stock worth $90,000 after purchasing an additional 1,261 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in Turning Point Brands by 414.9% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,600 shares of the company’s stock worth $124,000 after purchasing an additional 2,095 shares in the last quarter. Finally, Point72 Hong Kong Ltd raised its holdings in Turning Point Brands by 13.7% in the 3rd quarter. Point72 Hong Kong Ltd now owns 3,078 shares of the company’s stock worth $147,000 after purchasing an additional 372 shares in the last quarter. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

About Turning Point Brands (Get Rating)

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 NewGen Products. The Zig-Zag Products segment markets and distributes rolling papers, tubes, finished cigars, make-your-own cigar wraps, and related products under the Zig-Zag brand.

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