Turning Point Brands, Inc. (NYSE:TPB) is set to announce third quarter earning results on Tuesday 27th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, TPB to report 3Q20 income of $ 0.58 per share.
For the full year, analysts anticipate top line of $ 378.30 million, while looking forward to income of $ 2.37 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 90.00 million ~ $ 95.00 million
Full Year 2020 topline are forecasted in a range of$ 370.00 million ~ $ 382.00 million
Click Here For More Historical Outlooks Of Turning Point Brands, Inc.
Previous Quarter Performance
Turning Point Brands, Inc. announced income for the second quarter of $ 0.71 per share, from the revenue of $ 104.96 million. The quarterly earnings developed 33.96 percent while revenues developed 12.45 percent compared with the same quarter last year.
According to street consensus, TPB was expected to report 2Q20 income of $ 0.45 per share from revenue of $ 95.44 million. The bottom line results beat street analysts by $ 0.26 or 57.78 percent, at the same time, top line results outshined analysts by $ 9.52 million or 9.97 percent.
Stock Performance
Shares of Turning Point Brands, Inc. traded up $ 0.26 or 0.83 percent on Friday, reaching $ 31.68 with volume of 43.60 thousand shares. Turning Point Brands, Inc. has traded high as $ 31.78 and has cracked $ 31.46 on the downward trend
According to the previous trading day, closing price of $ 31.68, representing a 123.00 % increase from the 52 week low of $ 14.09 and a 9.09 % decrease over the 52 week high of $ 34.56.
The company has a market capital of $ 608.95 million and is part of the Consumer Defensive sector and Tobacco industry.
Recent Analyst recommendations
- On 5th October 2020, initiated by Barclays at Overweight rating, with $ 38.00 target price.
Conference Call
Turning Point Brands, Inc. will be hosting a conference call at 10:00 AM eastern time on 27th October 2020, to discuss its 3Q20 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.
