Zig-Zag Segment On Sustainable Growth Trajectory, Turning Point CEO Reports 7 percent YoY Improvement In Adjusted EBITDA, Raises 2024 Guidance

TPB Stock  USD 59.14  0.42  0.72%   
About 55% of Turning Point's investors are presently thinking to get in. The current sentiment of investing in Turning Point Brands suggests that some traders are interested. The current market sentiment, together with Turning Point's historical and current headlines, can help investors time the market. In addition, many technical investors use Turning Point Brands stock news signals to limit their universe of possible portfolio assets.
  
Turning Point Brands, Inc. , a maker of branded consumer products, including alternative smoking accessories and consumables with active ingredients, announced on Thursday financial results for the second quarter ended June 30, 2024. The company said adjusted EBITDA for the quarter came in positive at 27 million, representing a year-over-year improvement of 7. That said, Turning Point has increased its full-year 2024 adjusted EBITDA guidance to 98 to 102 million. We were pleased by our second quarter results, Graham Purdy, president and CEO, said. We achieved our highest quarterly EBITDA since the second quarter of 2021.

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Turning Point Investor Sentiment by Other News Outlets

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Turning Point Fundamental Analysis

We analyze Turning Point's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Turning Point using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Turning Point based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

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Return On Asset Comparative Analysis

Turning Point is currently under evaluation in return on asset category among its peers. Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.

Turning Point Brands Potential Pair-trading

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