Turning Point Brands (TPB) to Release Earnings on Thursday

Turning Point Brands (NYSE:TPB) will be announcing its earnings results before the market opens on Thursday, May 2nd. Parties that are interested in participating in the company’s conference call can do so using this link.

Turning Point Brands (NYSE:TPB) last released its earnings results on Wednesday, February 28th. The company reported $0.72 EPS for the quarter. The firm had revenue of $97.10 million during the quarter, compared to analysts’ expectations of $90.11 million. Turning Point Brands had a return on equity of 38.62% and a net margin of 9.49%. Turning Point Brands’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.65 EPS.

Turning Point Brands Price Performance

TPB stock opened at $28.14 on Thursday. The business’s 50-day moving average is $26.81 and its two-hundred day moving average is $24.70. The company has a debt-to-equity ratio of 2.02, a current ratio of 2.67 and a quick ratio of 1.68. The firm 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 1 year low of $19.67 and a 1 year high of $29.86.

Turning Point Brands Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 22nd were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.00%. This is a positive change from Turning Point Brands’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Thursday, March 21st. Turning Point Brands’s dividend payout ratio is presently 13.66%.

Insider Buying and Selling

In other news, insider Plano Lorenzo De bought 15,043 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were acquired at an average price of $27.97 per share, for a total transaction of $420,752.71. Following the completion of the transaction, the insider now owns 31,375 shares of the company’s stock, valued at $877,558.75. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.80% of the stock is owned by company insiders.

Turning Point Brands Company Profile

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.