Q3 2016 EPS Estimates for Turning Point Brands Inc. Lifted by FBR & Co (TPB)
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.
Separately, Zacks Investment Research lowered shares of Turning Point Brands from a “hold” rating to a “strong sell” rating in a report on Thursday.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/14/q3-2016-eps-estimates-for-turning-point-brands-inc-lifted-by-fbr-co-tpb.html
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.
Receive News & Ratings for Turning Point Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Turning Point Brands Inc. and related companies with MarketBeat.com's FREE daily email newsletter.