News headlines about Turning Point Brands (NYSE:TPB) have trended somewhat positive this week, according to Accern Sentiment. The research group rates the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Turning Point Brands earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 45.8344726335057 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Turning Point Brands (NYSE TPB) opened at 15.25 on Tuesday. Turning Point Brands has a 12 month low of $8.67 and a 12 month high of $18.05. The company has a market cap of $287.39 million, a PE ratio of 11.97 and a beta of 0.51. The company has a 50-day moving average of $15.34 and a 200 day moving average of $14.96.

Turning Point Brands (NYSE:TPB) last announced its quarterly earnings results on Thursday, May 11th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.03. Turning Point Brands had a net margin of 11.90% and a return on equity of 131.39%. The company had revenue of $66.80 million for the quarter, compared to analysts’ expectations of $64.90 million. During the same quarter in the prior year, the firm earned $0.12 EPS. Turning Point Brands’s quarterly revenue was up 33.9% compared to the same quarter last year. On average, equities analysts forecast that Turning Point Brands will post $1.32 earnings per share for the current fiscal year.

Several analysts have recently commented on the company. Cowen and Company restated a “buy” rating and issued a $19.00 target price on shares of Turning Point Brands in a research note on Thursday, August 3rd. FBR & Co restated a “buy” rating and issued a $17.00 target price on shares of Turning Point Brands in a research note on Friday, May 12th. Finally, Zacks Investment Research downgraded Turning Point Brands from a “hold” rating to a “sell” rating in a research note on Wednesday, May 17th.

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In other Turning Point Brands news, insider James Wells Dobbins sold 6,000 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $16.67, for a total value of $100,020.00. Following the sale, the insider now owns 90,041 shares in the company, valued at $1,500,983.47. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director George Hebard acquired 3,000 shares of the business’s stock in a transaction on Tuesday, May 16th. The stock was acquired at an average price of $15.59 per share, for a total transaction of $46,770.00. Following the acquisition, the director now owns 3,000 shares of the company’s stock, valued at approximately $46,770. The disclosure for this purchase can be found here.

Turning Point Brands Company Profile

Turning Point Brands, Inc is an independent provider of Other Tobacco Products (OTP) in the United States. The Company operates in three segments smokeless products, smoking products and NewGen products. The smokeless products segment manufactures and markets moist snuff; and contracts for and markets chewing tobacco products.

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