Turning Point Brands (TPB) Given Media Sentiment Score of 0.16
Media coverage about Turning Point Brands (NYSE:TPB) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Turning Point Brands earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.73775764061 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news headlines that may have effected Accern’s rankings:
- Turning Point Brands, Inc. (TPB) Major Shareholder Purchases $1,652,000.00 in Stock (americanbankingnews.com)
- Turning Point Brands, Inc. :TPB-US: Earnings Analysis: Q2, 2017 By the Numbers : August 17, 2017 (finance.yahoo.com)
- Turning Point Brands, Inc. Provides Clarification Regarding Standard General Stock Transaction with SDOI (finance.yahoo.com)
- Turning Point Brands, Inc. (TPB) Downgraded to “Sell” at Zacks Investment Research (americanbankingnews.com)
- Turning Point Brands, Inc. (TPB) VP James Michael Murray Sells 3,000 Shares (americanbankingnews.com)
Shares of Turning Point Brands (TPB) traded up 2.08% during mid-day trading on Friday, hitting $16.70. 13,880 shares of the stock were exchanged. Turning Point Brands has a 12-month low of $10.93 and a 12-month high of $18.05. The company has a market capitalization of $317.78 million, a PE ratio of 10.49 and a beta of 0.51. The firm has a 50-day moving average price of $15.36 and a 200 day moving average price of $15.16.
Turning Point Brands (NYSE:TPB) last released its quarterly earnings results on Thursday, August 10th. The company reported $0.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.02. The company had revenue of $72.10 million for the quarter, compared to analysts’ expectations of $67.35 million. Turning Point Brands had a return on equity of 114.77% and a net margin of 13.62%. The business’s quarterly revenue was up 39.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.05 earnings per share. On average, equities research analysts expect that Turning Point Brands will post $1.28 earnings per share for the current year.
TPB has been the subject of a number of analyst reports. FBR & Co reiterated a “buy” rating and issued a $17.00 target price on shares of Turning Point Brands in a research note on Friday, May 12th. Cowen and Company restated an “outperform” rating and issued a $19.00 price objective (up from $18.00) on shares of Turning Point Brands in a research note on Monday, May 15th. Finally, Zacks Investment Research cut shares of 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 news, VP James Michael Murray sold 3,000 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $16.15, for a total transaction of $48,450.00. Following the sale, the vice president now directly owns 19,629 shares in the company, valued at $317,008.35. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Lawrence Wexler sold 1,858 shares of the business’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $16.42, for a total value of $30,508.36. Following the sale, the insider now owns 219,137 shares in the company, valued at $3,598,229.54. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,858 shares of company stock worth $275,218.
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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