Analysts Expect Orchids Paper Products Company (NYSE:TIS) to Post $0.31 EPS
Shares of Orchids Paper Products Company (NYSE:TIS) have received an average broker rating score of 1.75 (Buy) from the four analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation, one has given a buy recommendation and two have assigned a strong buy recommendation to the company. Orchids Paper Products Company’s rating score has declined by 40% in the last three months as a result of various analysts’ ratings changes.
Analysts have set a 1 year consensus target price of $31.25 for the company and are expecting that the company will post $0.31 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Orchids Paper Products Company an industry rank of 100 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research cut shares of Orchids Paper Products Company from a “hold” rating to a “sell” rating in a research note on Wednesday, August 3rd.
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Orchids Paper Products Company (NYSE:TIS) traded down 1.48% on Tuesday, reaching $27.28. The company had a trading volume of 32,446 shares. The firm has a 50 day moving average price of $28.42 and a 200-day moving average price of $30.68. Orchids Paper Products Company has a 12 month low of $24.65 and a 12 month high of $36.31. The stock has a market capitalization of $280.87 million and a price-to-earnings ratio of 17.20.
Orchids Paper Products Company (NYSE:TIS) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by $0.09. The firm had revenue of $39.40 million for the quarter, compared to analysts’ expectations of $47.11 million. Orchids Paper Products Company’s revenue was down 6.9% compared to the same quarter last year. Analysts forecast that Orchids Paper Products Company will post $1.37 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, August 22nd. Investors of record on Monday, August 8th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, August 4th. This represents a $1.40 annualized dividend and a yield of 5.06%.
Institutional investors have recently bought and sold shares of the stock. BlackRock Advisors LLC boosted its position in Orchids Paper Products Company by 0.4% in the second quarter. BlackRock Advisors LLC now owns 4,555 shares of the company’s stock valued at $162,000 after buying an additional 20 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in Orchids Paper Products Company during the second quarter valued at $219,000. Spark Investment Management LLC bought a new position in Orchids Paper Products Company during the second quarter valued at $259,000. Cambridge Investment Research Advisors Inc. bought a new position in Orchids Paper Products Company during the second quarter valued at $327,000. Finally, RidgeWorth Capital Management LLC bought a new position in Orchids Paper Products Company during the second quarter valued at $405,000.
Orchids Paper Products Company Company Profile
Orchids Paper Products Company is a supplier of consumer tissue products. The Company produces bulk tissue paper, known as parent rolls, and converts parent rolls into finished products, including paper towels, bathroom tissue and paper napkins. The Company offers customers an array of private label products across the value, premium and ultra-premium market segments.
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