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Turning Point Brands, Inc. (TPB)

NYSE: TPB · IEX Real-Time Price · USD
48.61 1.11 (2.34%)
Oct 25, 2021 4:00 PM EDT - Market closed
Market Cap919.90M
Revenue (ttm)439.74M
Net Income (ttm)47.68M
Shares Out18.97M
EPS (ttm)2.33
PE Ratio20.89
Forward PE18.62
Dividend$0.22 (0.44%)
Ex-Dividend DateSep 16, 2021
Volume144,757
Open47.51
Previous Close47.50
Day's Range47.10 - 48.71
52-Week Range31.13 - 60.87
Beta0.55
AnalystsStrong Buy
Price Target65.25 (+34.2%)
Est. Earnings DateOct 26, 2021

About TPB

Turning Point Brands, Inc., together with its subsidiaries, manufactures, markets, and distributes branded consumer products. The company operates through three segments: Zig-Zag Products, Stoker's Products, and NewGen Products. The Zig-Zag Products segment markets and distributes rolling papers, tubes, finished cigars, make-your-own cigar wraps, and related products under the Zig-Zag brand. The Stoker's Products segment manufactures and markets moist snuff tobacco and loose-leaf chewing tobacco products under the Stoker's, Beech-Nut, and Troph...

IndustryTobacco
IPO DateMay 11, 2016
CEOLawrence Wexler
Employees408
Stock ExchangeNYSE
Ticker SymbolTPB
Full Company Profile

Financial Performance

In 2020, TPB's revenue was $405.11 million, an increase of 11.91% compared to the previous year's $361.99 million. Earnings were $33.04 million, an increase of 139.88%.

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for TPB stock is "Strong Buy." The 12-month stock price forecast is 65.25, which is an increase of 34.23% from the latest price.

Price Target
$65.25
(34.23% upside)
Analyst Consensus: Strong Buy

News

Analysts Estimate Turning Point Brands (TPB) to Report a Decline in Earnings: What to Look Out for

Turning Point Brands (TPB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

6 days ago - Zacks Investment Research

Vape Stocks: What's Going on With MO, BTI, TPB Stocks Today?

Today, investors in vape stocks are seeing some positive price action following news that the FDA had approved e-cigarettes in the U.S. The post Vape Stocks: What's Going on With MO, BTI, TPB Stocks Tod...

Other symbols:BTIMO
1 week ago - InvestorPlace

Turning Point Brands to Host Third Quarter 2021 Conference Call

LOUISVILLE, Ky.--(BUSINESS WIRE)--Turning Point Brands, Inc. (NYSE: TPB) announced the date and time for its conference call to review third quarter 2021 results. The conference call will be on Tuesday,...

1 week ago - Business Wire

FDA Rescinds Marketing Denial Order For Turning Point Brands' Vapor Products

Turning Point Brands Inc (NYSE: TPB) stated that the Food and Drug Administration (FDA) had rescinded its September 14 Marketing Denial Order (MDO) for certain of its vapor products with pending Premark...

2 weeks ago - Benzinga

FDA Rescinds Previously Disclosed Marketing Denial Order for Turning Point Brands' Vapor Products

LOUISVILLE, Ky.--(BUSINESS WIRE)--Turning Point Brands, Inc. (“TPB” or the “Company”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products including alternative smoking acc...

2 weeks ago - Business Wire

3 Tobacco Stocks to Watch Out For on RRPs and Pricing Gains

The Zacks Tobacco industry gains from reduced-risk products and solid pricing. Such upsides have been benefiting companies like Philip Morris (PM), Altria (MO) and Turning Point Brands (TPB).

Other symbols:MOPM
2 weeks ago - Zacks Investment Research

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors Turning Point Brands, Inc. - TPB

New York, New York--(Newsfile Corp. - September 21, 2021) -  Pomerantz LLP is investigating claims on behalf of investors of Turning Point Brands, Inc. ("Turning Point" or the "Company") (NYSE: TPB). Su...

1 month ago - Newsfile Corp

Turning Point Brands Provides Update on PMTA Process

LOUISVILLE, Ky.--(BUSINESS WIRE)--On September 14, Turning Point Brands, Inc. (“TPB” or the “Company”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products including altern...

1 month ago - Business Wire

Tobacco Stocks Volatile Ahead Of Key FDA Vaping Ban Decision

The Food and Drug Administration (FDA) is expected to make a critical ruling on vaping on Thursday that could potentially create some extreme volatility among tobacco and cannabis stocks. FDA Ruling Imm...

Other symbols:BTIMO
1 month ago - Benzinga

A Week's Worth of Actionable Cannabis Stock News

Welcome back to our weekly series, Schaeffer's Cannabis Stock News Update, where we recap what happened in the world of marijuana stocks and look ahead to how the cannabis industry continues to shape up...

2 months ago - Schaeffers Research

Turning Point Brands Raises Stake In Canadian Distribution Company ReCreation To 65%

Branded consumer products manufacturer Turning Point Brands Inc (NYSE: TPB) has increased its equity stake in ReCreation Marketing  (ReCreation), a Canadian distribution company, from 50% to 65%. Turnin...

2 months ago - Benzinga

Turning Point Brands Increases Equity Stake in ReCreation Marketing, a Leading Canadian Distribution Company

LOUISVILLE, Ky.--(BUSINESS WIRE)--Turning Point Brands, Inc. (“TPB” or the “Company”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products, including alternative smoking ac...

2 months ago - Business Wire

NYSE-Traded Zig-Zag Maker Turning Point Brands Invests $8M In Cannabis Co. Old Pal

Zig-Zag papers maker Turning Point Brands (NYSE:TPB) recently completed an $8 million strategic investment in Old Pal, one of the most recognizable and top-selling brands in the cannabis lifestyle indus...

2 months ago - Benzinga

Turning Point Brands Declares Common Stock Dividend

LOUISVILLE, Ky.--(BUSINESS WIRE)--The Board of Directors of Turning Point Brands, Inc. (“TPB”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products including alternative sm...

2 months ago - Business Wire

Turning Point Brands Shares Up On 16.8% Higher Q2 Net Sales Of $122.6M, Increases 2021 Guidance

Consumer products company Turning Point Brands, Inc. (NYSE:TPB) reported Tuesday its net sales amounted to $122.6 million in the second quarter of 2021, representing a year-over-year increase of 16.8%. ...

2 months ago - Benzinga

Turning Point Brands (TPB) Q2 Earnings and Revenues Surpass Estimates

Turning Point Brands (TPB) delivered earnings and revenue surprises of 9.09% and 13.98%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

Recap: Turning Point Brands Q2 Earnings

Shares of Turning Point Brands (NYSE:TPB) were unchanged after the company reported Q2 results. Quarterly Results Earnings per share were up 18.31% over the past year to $0.84, which beat the estimate o...

2 months ago - Benzinga

Turning Point Brands Announces Second Quarter 2021 Results; Increases 2021 Guidance

LOUISVILLE, Ky.--(BUSINESS WIRE)--Turning Point Brands, Inc. (“TPB” or “the Company”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products, including alternative smoking ac...

2 months ago - Business Wire

Earnings Outlook For Turning Point Brands

On Tuesday, July 27, Turning Point Brands (NYSE:TPB) will release its latest earnings report. Check out Benzinga's preview to understand the implications.

2 months ago - Benzinga

Turning Point Brands's Earnings Outlook

Turning Point Brands (NYSE:TPB) unveils its next round of earnings this Tuesday, July 27. Here is Benzinga's everything-that-matters guide for the earnings announcement.

2 months ago - Benzinga

Turning Point Brands Acquires Unitabac Cigar Portfolio For Undisclosed Sum

Turning Point Brands Inc (NYSE: TPB), a branded consumer products manufacturer, has acquired the cigar assets of Unitabac LLC  for an undisclosed sum. The deal includes the portfolio of cigarillo produc...

2 months ago - Benzinga

Turning Point Brands Acquires Unitabac Cigar Portfolio

LOUISVILLE, Ky.--(BUSINESS WIRE)--Turning Point Brands, Inc. (“TPB” or the “Company”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products, including alternative smoking ac...

2 months ago - Business Wire

Turning Point Brands Invests $8 Million in Lifestyle Cannabis Brand Old Pal Through Convertible Note

LOUISVILLE, Ky.--(BUSINESS WIRE)--Turning Point Brands, Inc. (“TPB” or the “Company”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products, including alternative smoking ac...

3 months ago - Business Wire

Turning Point Brands (TPB) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Turning Point Brands (TPB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

3 months ago - Zacks Investment Research

Turning Point Brands to Host Second Quarter 2021 Conference Call

LOUISVILLE, Ky.--(BUSINESS WIRE)--Turning Point Brands, Inc. (NYSE: TPB) announced the date and time for its conference call to review second quarter 2021 results. The conference call will be on Tuesday...

3 months ago - Business Wire