Turning Point Brands Inc (TPB) Reaches New 12-Month High at $13.75
Turning Point Brands Inc (NYSE:TPB)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $13.75 and last traded at $11.02, with a volume of 83,450 shares traded. The stock had previously closed at $12.81.
TPB has been the topic of several recent research reports. Cowen and Company initiated coverage on Turning Point Brands in a research report on Monday, June 6th. They set an “outperform” rating and a $13.00 price target on the stock. FBR & Co restated a “buy” rating on shares of Turning Point Brands in a research report on Thursday, June 16th.
The firm has a market capitalization of $168.32 million and a price-to-earnings ratio of 12.03. The firm has a 50 day moving average of $0.00 and a 200-day moving average of $0.00.
Turning Point Brands (NYSE:TPB) last announced its quarterly earnings data on Thursday, August 11th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by $0.39. The company had revenue of $51.60 million for the quarter, compared to analyst estimates of $48 million. The company’s quarterly revenue was up 7.5% on a year-over-year basis. On average, equities analysts forecast that Turning Point Brands Inc will post $0.80 earnings per share for the current year.
Turning Point Brands, Inc, formerly North Atlantic Holding Company, Inc, is a provider of Other Tobacco Products (OTP) in the United States. The Company operates through three segments: smokeless products, smoking products and NewGen products. The Smokeless products market consists of approximately four product categories, which includes loose leaf chewing tobacco, Moist Snuff, Moist Snuff Pouches and Snus.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.