Turning Point Brands Inc (TPB) Shares Gap Up to $12.57
Turning Point Brands Inc (NYSE:TPB)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $12.56, but opened at $12.57. Turning Point Brands shares last traded at $13.04, with a volume of 11,389 shares.
TPB has been the subject of a number of analyst reports. FBR & Co initiated coverage on Turning Point Brands in a report on Monday, June 6th. They issued an “outperform” rating and a $13.00 price target for the company. Cowen and Company initiated coverage on Turning Point Brands in a report on Monday, June 6th. They issued an “outperform” rating and a $13.00 price target for the company.
The company has a market capitalization of $230.91 million and a P/E ratio of 14.08. The firm has a 50-day moving average price of $0.00 and a 200-day moving average price of $0.00.
Turning Point Brands (NYSE:TPB) last posted its earnings results on Thursday, August 11th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by $0.39. The firm had revenue of $51.60 million for the quarter, compared to the consensus estimate of $48 million. Turning Point Brands’s revenue was up 7.5% on a year-over-year basis. Equities analysts anticipate that Turning Point Brands Inc will post $0.80 EPS 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.
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