Turning Point Brands, Inc. (NYSE:TPB) manufacturer of tobacco products, is reporting second quarter earnings results on Tuesday 28th July 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.45 per share.
For the full year, analysts predict revenues of $ 360.96 million, while looking forward to income of $ 2.08 per share.
The Company Outlook
Revenue for 2Q20 are expected in a range of $ 81.00 million ~ $ 87.00 million
Full Year 2020 topline are forecasted in a range of$ 338.00 million ~ $ 353.00 million
Click Here For More Historical Outlooks Of Turning Point Brands, Inc.
Previous Quarter Performance
Turning Point Brands, Inc. unveiled income for the first quarter of $ 0.51 per share, from the revenue of $ 90.69 million. The quarterly earnings extended 18.60 percent while revenues boosted 1.90 percent compared with the same quarter last year.
According to street consensus, TPB was expected to report 1Q20 income of $ 0.31 per share from revenue of $ 83.70 million. The bottom line results beat street analysts by $ 0.2 or 64.52 percent, at the same time, top line results outshined analysts by $ 6.99 million or 8.35 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of TPB was $ 30.38, representing a 115.61 % increase from the 52 week low of $ 14.09 and a 30.26 % decrease over the 52 week high of $ 43.56.
The company has a market capital of $ 583.96 million and is part of the Consumer Defensive sector and Tobacco industry.
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Recent Analyst recommendations
- On 8th July 2020, initiated by Craig Hallum at Buy rating, with $ 40.00 target price.
Recent Stock Dividend Announcement
On May 27, 2020, the board of directors authorized quarterly dividend of $ 0.05 per share to holders of record as of the close of business on June 19, 2020, with payment date of July 10, 2020 and ex-dividend date on June 18, 2020.
Conference Call
Turning Point Brands, Inc. will be hosting a conference call at 10:00 AM eastern time on 28th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.turningpointbrands.com
Turning Point Brands, Inc., together with its subsidiaries, provides other tobacco products 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 loose leaf chewing tobacco products.
