Turning Point Brands Inc TPB.N reported quarterly adjusted earnings of 98 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 89 cents. The mean expectation of four analysts for the quarter was for earnings of 82 cents per share. Wall Street expected results to range from 79 cents to 84 cents per share.
Revenue rose 7.5% to $116.63 million from a year ago; analysts expected $105.80 million.
Turning Point Brands Inc's reported EPS for the quarter was 79 cents.
The company reported quarterly net income of $14.48 million.
Turning Point Brands Inc shares had risen by 7.1% this quarter and gained 35.0% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts was unchanged in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the tobacco peer group is also "buy"
Wall Street's median 12-month price target for Turning Point Brands Inc is $91.00, about 10.8% above its last closing price of $81.14
This summary was machine generated from LSEG data August 6 at 01:31 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)