Turning Point Brands (TPB) was Reiterated by FBR & Co. to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 14 from a previous price target of $13 . FBR & Co. advised their investors in a research report released on Oct 11, 2016.
On the company’s financial health, Turning Point Brands reported $0.05 EPS for the quarter, missing the analyst consensus estimate by $ -0.39 based on the information available during the earnings call on Aug 11, 2016. Analyst had a consensus of $0.44. The company had revenue of $51.60 million for the quarter, compared to analysts expectations of $50.60 million. The company’s revenue was up 7.5% compared to the same quarter last year.