Shares of Turning Point Brands (NYSE:TPB) decreased 3.8% in pre-market trading after the company reported Q1 results.
Quarterly Results
Earnings per share were up 56.86% year over year to $0.80, which beat the estimate of $0.64.
Revenue of $107,641,000 higher by 18.69% from the same period last year, which beat the estimate of $100,140,000.
Looking Ahead
The upcoming fiscal year’s revenue expected to be between $422,000,000 and $440,000,000.
Conference Call Details
Date: Apr 27, 2021
Time: 10:00 AM
Technicals
Company’s 52-week high was at $61.08
52-week low: $20.04
Price action over last quarter: down 18.55%
Company Profile
Turning Point Brands Inc operates as an independent provider of Other Tobacco Products (OTP) in the U.S. It offers a wide range of products 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 Smokeless products; Smoking products and NewGen products. Its portfolio of brands in the OTP industry includes Stoker’s in the Smokeless segment, Zig-Zag in the Smoking segment, and VaporBeast and VaporFi in the NewGen segment.
