24-May-2024
WHO says tobacco industry targeting young people, especially with vaping products
Seeking Alpha News (Thu, 23-May 2:05 PM ET)
Turning Point Brands Announces First Quarter 2024 Results
Business Wire (Thu, 2-May 7:30 AM ET)
Turning Point Brands Declares Common Stock Dividend
Business Wire (Wed, 1-May 4:15 PM ET)
Turning Point Brands to Host First Quarter 2024 Conference Call
Business Wire (Thu, 18-Apr 4:15 PM ET)
Turning Point Brands Appoints Andrew Flynn as Chief Financial Officer
Business Wire (Mon, 11-Mar 7:30 AM ET)
Turning Point Brands Increases Common Stock Dividend
Business Wire (Wed, 28-Feb 4:15 PM ET)
Turning Point Brands Announces Fourth Quarter and Full Year 2023 Results
Business Wire (Wed, 28-Feb 7:30 AM ET)
Turning Point Brands Inc operates as manufacturer, marketer, provider of consumer products that include Other Tobacco Products (OTP) in the U.S. The company offers a wide variety across the OTP spectrum including moist snuff tobacco (MST), loose-leaf chewing tobacco, premium cigarette papers, make- your-own (MYO) cigar wraps, cigars, liquid vapor products, and tobacco vaporizer products. It operates in three segments namely Zig-Zag products; Stoker's products and NewGen products. The company generates maximum revenue from the Zig-Zag products segment.
Turning Point Brands trades on the NYSE stock market under the symbol TPB.
As of May 24, 2024, TPB stock price climbed to $32.86 with 49,908 million shares trading.
TPB has a beta of 0.77, meaning it tends to be less sensitive to market movements. TPB has a correlation of 0.08 to the broad based SPY ETF.
TPB has a market cap of $580.86 million. This is considered a Small Cap stock.
Last quarter Turning Point Brands reported $97 million in Revenue and $.80 earnings per share. This beat revenue expectation by $6 million and exceeded earnings estimates by $.13.
In the last 3 years, TPB stock traded as high as $54.49 and as low as $18.81.
The top ETF exchange traded funds that TPB belongs to (by Net Assets): VTI, IWM, VXF, VDC, IWO.
TPB has outperformed the market in the last year with a return of +49.5%, while the SPY ETF gained +30.4%. In the last 3 month period, TPB beat the market returning +45.2%, while SPY returned +4.6%. However, in the most recent 2 weeks TPB has underperformed the stock market by returning -3.6%, while SPY returned +1.7%.
TPB support price is $31.99 and resistance is $33.41 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TPB stock will trade within this expected range on the day.