World News – CA – Turning Point Brands (NYSE: TPB) reports quarterly results

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Turning Point Brands (NYSE: TPB) released its quarterly earnings data on Tuesday The company reported $ 075 earnings per share (EPS) for the quarter, beating the consensus estimate of $ 58 by $ 017, Briefingrapports com Turning Point Brands achieved a return on equity of 4161% and a net margin of 175% The company had revenue of $ 104 20 million for the quarter, compared to the consensus estimate of $ 91 74 million During from the same period of the previous year, the company earned $ 0.56 EPS Turning Point Brands’ revenue for the quarter increased 74% from the same quarter last year Turning Point Brands reported day its fiscal year 2020
Pre-commercialization orientation of BPA and its Q4 2020
Pre-market orientation of BPA

Turning Point Brands shares opened at $ 37 25 Wednesday The stock’s fifty-day moving average is $ 30.03 and its 200-day moving average is $ 2694 The company has a market cap of $ 716.02 million, PE ratio of 11641 and beta of 074 Company has rapid ratio of 166, current ratio of 311 and debt ratio of 255 Turning Point Brands has a low of $ 14 out of 12 month09 and a high of $ 39 over 12 months42

The company also recently announced a quarterly dividend, which was paid on Friday October 9 Shareholders of record on Friday September 18 received a dividend of $ 0 05 per share This represents $ 0 20 dividends on an annualized basis and yield dividend of 054% The ex-dividend date of this dividend was Thursday, September 17 The payout ratio (DPR) of Turning Point Brands is currently 1075%

TPB has been the subject of several analyst reports TheStreet took Turning Point Brands from a “c” to a “b-” rating in a report released on Tuesday, July 28 B Riley raised its price target on Turning Point Brands from $ 39.00 to $ 43.00 and gave the stock a « buy » rating in a research report on Wednesday ValuEngine upgraded Turning Point Brands to a rating of ‘Sale’ to ‘on hold’ note in Tuesday research report Sidoti assumed cover of Turning Point Brands in a research report on Tuesday, September 15 They issued a « buy » note for the company Finally, Craig Hallum raised his price target on Turning Point Brands from $ 40.00 to $ 50.00 and gave the stock a « buy » rating in a research report on Wednesday, July 29. Two investment analysts have rated the stock. share with a holding rating and five awarded a buy rating to the company The company currently has an average rating of « Buy » and an average price target of $ 40.20 (adsbygoogle =windowsbygoogle || []) push ({});

Turning Point Brands, Inc, together with its subsidiaries, supplies other tobacco products to the United States and Canada The company operates in three segments: smokeless products, smoking products and NewGen products The smokeless products segment manufactures and markets tobacco loose chewing and wet snuff

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Insider trading occurs when a business executive (such as a CEO, CFO, or COO) who has non-public information about a company buys or sells shares of that company. the company are required by law to regularly report their purchases and sales of shares to the SEC Tracking a company’s insider trading is a metric that can be used to identify the direction that company executives think that the company manages If a number of insiders buy more shares of their company, they may think that the company will have strong future earnings and that the share price will rise in the near future.For example, if Microsoft’s CEO, CFO and COO all recently bought additional Microsoft shares, that would indicate that there might be unpublished news that could have a positive effect on the share price. from Microsoft in the near futureThis slideshow lists the 15 companies that had the highest levels of insider buying in the last 180 days.

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NYSE: TPB, Turning Point Brands, Stock, Stock market