Turning Point Brands Inc. (NYSE:TPB) – Stock analysts at FBR & Co increased their Q3 2016 earnings per share (EPS) estimates for shares of Turning Point Brands in a research note issued to investors on Wednesday. FBR & Co analyst S. Anderson now forecasts that the firm will post earnings per share of $0.39 for the quarter, up from their previous estimate of $0.33. FBR & Co currently has a “Outperform” rating and a $14.00 target price on the stock. FBR & Co also issued estimates for Turning Point Brands’ FY2016 earnings at $1.48 EPS and FY2017 earnings at $1.76 EPS.

Turning Point Brands (NYSE:TPB) last posted its quarterly earnings results on Thursday, August 11th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.44 by $0.39. The business had revenue of $51.60 million for the quarter, compared to analysts’ expectations of $48 million. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year.

Earnings History and Estimates for Turning Point Brands (NYSE:TPB)

Separately, Zacks Investment Research lowered shares of Turning Point Brands from a “hold” rating to a “strong sell” rating in a report on Thursday.

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Turning Point Brands (NYSE:TPB) traded up 1.115% during midday trading on Friday, reaching $12.336. 2,444 shares of the company’s stock traded hands. The stock has a market cap of $220.81 million and a P/E ratio of 13.467. The company’s 50-day moving average price is $13.18 and its 200-day moving average price is $11.31. Turning Point Brands has a 52-week low of $6.46 and a 52-week high of $16.14.

Turning Point Brands Company Profile

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.

5 Day Chart for NYSE:TPB

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