Orchids Paper Products Company (TIS) Scheduled to Post Earnings on Tuesday
Orchids Paper Products Company (NYSEMKT:TIS) is set to release its Q3 earnings data after the market closes on Tuesday, November 7th. Analysts expect Orchids Paper Products to post earnings of $0.20 per share for the quarter.
Orchids Paper Products (NYSEMKT:TIS) last posted its earnings results on Monday, August 7th. The basic materials company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.09). The business had revenue of $38.40 million for the quarter, compared to analyst estimates of $37.90 million. Orchids Paper Products had a negative net margin of 5.32% and a negative return on equity of 6.37%. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 earnings per share. On average, analysts expect Orchids Paper Products to post $0.02 EPS for the current fiscal year and $1.41 EPS for the next fiscal year.
Orchids Paper Products Company (NYSEMKT:TIS) traded up 1.07% on Tuesday, reaching $12.27. 19,101 shares of the company were exchanged. The stock has a market capitalization of $127.96 million, a price-to-earnings ratio of 65.61 and a beta of 0.48. Orchids Paper Products Company has a 52 week low of $8.31 and a 52 week high of $30.38. The stock has a 50-day moving average price of $13.24 and a 200 day moving average price of $13.59.
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A hedge fund recently raised its stake in Orchids Paper Products stock. State Street Corp grew its position in Orchids Paper Products Company (NYSEMKT:TIS) by 6.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 221,885 shares of the basic materials company’s stock after acquiring an additional 13,834 shares during the period. State Street Corp owned about 2.13% of Orchids Paper Products worth $2,870,000 at the end of the most recent quarter.
TIS has been the topic of several research reports. ValuEngine downgraded shares of Orchids Paper Products from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of Orchids Paper Products from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, TheStreet downgraded shares of Orchids Paper Products from a “c” rating to a “d+” rating in a research report on Monday, August 7th.
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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