Orchids Paper Products Company (TIS) Issues Earnings Results
Orchids Paper Products Company (NYSEMKT:TIS) issued its quarterly earnings data on Monday. The basic materials company reported ($0.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $0.09, Morningstar.com reports. Orchids Paper Products had a negative net margin of 2.43% and a negative return on equity of 2.63%. The firm had revenue of $38.40 million during the quarter, compared to analysts’ expectations of $37.90 million. During the same quarter in the prior year, the firm posted $0.30 EPS. Orchids Paper Products’s quarterly revenue was down 2.5% compared to the same quarter last year.
Orchids Paper Products (NYSEMKT TIS) traded down 0.45% during mid-day trading on Tuesday, reaching $8.76. The company’s stock had a trading volume of 14,709 shares. Orchids Paper Products has a 1-year low of $8.58 and a 1-year high of $30.38. The company has a market capitalization of $90.25 million, a PE ratio of 13.77 and a beta of 0.48. The firm has a 50 day moving average price of $12.38 and a 200-day moving average price of $20.18.
A number of research analysts have recently issued reports on TIS shares. TheStreet lowered Orchids Paper Products from a “b-” rating to a “c” rating in a report on Monday, May 1st. Zacks Investment Research raised Orchids Paper Products from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 19th. Jefferies Group LLC reissued a “hold” rating on shares of Orchids Paper Products in a report on Tuesday, June 6th. Finally, ValuEngine raised Orchids Paper Products from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st.
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In other news, Director Douglas Hailey purchased 10,000 shares of the stock in a transaction dated Wednesday, May 17th. The shares were bought at an average cost of $13.38 per share, for a total transaction of $133,800.00. Following the transaction, the director now owns 72,900 shares in the company, valued at $975,402. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mario Armando Garcia sold 65,000 shares of Orchids Paper Products stock in a transaction on Monday, May 15th. The shares were sold at an average price of $15.23, for a total value of $989,950.00. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 30,600 shares of company stock worth $411,399 and have sold 180,000 shares worth $2,610,800.
Institutional investors have recently modified their holdings of the company. Guggenheim Capital LLC boosted its position in shares of Orchids Paper Products by 27.6% in the fourth quarter. Guggenheim Capital LLC now owns 42,760 shares of the basic materials company’s stock worth $1,120,000 after buying an additional 9,239 shares during the last quarter. State Street Corp boosted its position in shares of Orchids Paper Products by 28.4% in the fourth quarter. State Street Corp now owns 158,839 shares of the basic materials company’s stock worth $4,159,000 after buying an additional 35,161 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Orchids Paper Products by 20.6% in the first quarter. Ameriprise Financial Inc. now owns 84,611 shares of the basic materials company’s stock worth $2,032,000 after buying an additional 14,432 shares during the last quarter. HighTower Advisors LLC bought a new position in shares of Orchids Paper Products during the first quarter worth about $617,000. Finally, Russell Investments Group Ltd. bought a new position in shares of Orchids Paper Products during the first quarter worth about $396,000.
About Orchids Paper Products
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 a range of private label products across the value, premium and ultra-premium market segments.
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