Somewhat Favorable News Coverage Somewhat Unlikely to Affect Turning Point Brands (TPB) Stock Price
News stories about Turning Point Brands (NYSE:TPB) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Turning Point Brands earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 44.1878693693168 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Shares of Turning Point Brands (TPB) traded down 0.23% during mid-day trading on Tuesday, reaching $17.05. 6,234 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $16.11 and its 200-day moving average is $15.60. Turning Point Brands has a 52-week low of $11.67 and a 52-week high of $18.05. The stock has a market cap of $324.44 million, a price-to-earnings ratio of 10.71 and a beta of 0.28.
Turning Point Brands (NYSE:TPB) last released its quarterly earnings data on Thursday, August 10th. The company reported $0.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.02. Turning Point Brands had a net margin of 13.62% and a return on equity of 114.77%. The firm had revenue of $72.10 million during the quarter, compared to analysts’ expectations of $67.35 million. During the same period in the previous year, the business posted $0.05 earnings per share. The company’s revenue for the quarter was up 39.7% compared to the same quarter last year. On average, equities analysts expect that Turning Point Brands will post $1.28 EPS for the current year.
Several analysts recently issued reports on TPB shares. Zacks Investment Research downgraded shares of Turning Point Brands from a “hold” rating to a “sell” rating in a report on Wednesday, May 17th. Cowen and Company reaffirmed an “outperform” rating and set a $19.00 price objective (up from $18.00) on shares of Turning Point Brands in a report on Monday, May 15th.
In other news, VP James Michael Murray sold 3,000 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $16.15, for a total value of $48,450.00. Following the completion of the sale, the vice president now owns 19,629 shares of the company’s stock, valued at $317,008.35. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider James Wells Dobbins sold 12,002 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $16.93, for a total transaction of $203,193.86. Following the completion of the sale, the insider now directly owns 96,043 shares of the company’s stock, valued at approximately $1,626,007.99. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,002 shares of company stock valued at $347,884. Company insiders own 14.20% of the company’s stock.
About Turning Point Brands
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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