Turning Point Brands (NYSE:TPB – Get Free Report) will issue its quarterly earnings data before the market opens on Thursday, May 2nd. Parties interested in registering for the company’s conference call can do so using this link.
Turning Point Brands (NYSE:TPB – Get Free Report) last issued its earnings results on Wednesday, February 28th. The company reported $0.72 earnings per share for the quarter. The company had revenue of $97.10 million during the quarter, compared to the consensus estimate of $90.11 million. Turning Point Brands had a return on equity of 38.62% and a net margin of 9.49%. The company’s revenue was down 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.65 earnings per share.
Turning Point Brands Trading Up 0.3 %
Shares of TPB opened at $28.14 on Thursday. The company has a market capitalization of $497.43 million, a P/E ratio of 13.73 and a beta of 0.48. Turning Point Brands has a one year low of $19.67 and a one year high of $29.86. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.68 and a current ratio of 2.67. The stock has a 50-day moving average price of $26.81 and a 200 day moving average price of $24.70.
Turning Point Brands Increases Dividend
Insider Activity at Turning Point Brands
In other Turning Point Brands news, insider Plano Lorenzo De purchased 15,043 shares of Turning Point Brands stock in a transaction that occurred on Thursday, March 14th. The stock was purchased at an average price of $27.97 per share, with a total value of $420,752.71. Following the completion of the acquisition, the insider now owns 31,375 shares of the company’s stock, valued at approximately $877,558.75. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 5.80% of the stock is currently owned by company insiders.
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.
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