Shares of Orchids Paper Products Company (NYSE:TIS) have earned a consensus broker rating score of 1.75 (Buy) from the four brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation, one has issued a buy recommendation and two have issued a strong buy recommendation on the company. Orchids Paper Products Company’s rating score has declined by 40% in the last 90 days as a result of various analysts’ ratings changes.
Brokerages have set a 12 month consensus price target 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 given Orchids Paper Products Company an industry rank of 158 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research cut shares of Orchids Paper Products Company from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 26th.
Shares of Orchids Paper Products Company (NYSE:TIS) opened at 27.66 on Tuesday. The stock has a market capitalization of $284.79 million and a PE ratio of 17.44. Orchids Paper Products Company has a 52 week low of $24.65 and a 52 week high of $36.31. The stock has a 50 day moving average of $28.14 and a 200-day moving average of $30.62.
Orchids Paper Products Company (NYSE:TIS) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by $0.09. The firm had revenue of $39.40 million for the quarter, compared to analyst estimates of $47.11 million. The company’s revenue was down 6.9% compared to the same quarter last year. On average, equities research analysts expect that Orchids Paper Products Company will post $1.37 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the company. Highbridge Capital Management LLC bought a new stake in Orchids Paper Products Company during the second quarter worth approximately $482,000. Bridgeway Capital Management Inc. boosted its stake in Orchids Paper Products Company by 0.5% in the second quarter. Bridgeway Capital Management Inc. now owns 20,461 shares of the company’s stock worth $728,000 after buying an additional 100 shares during the period. Ranger Investment Management L.P. boosted its stake in Orchids Paper Products Company by 4.2% in the second quarter. Ranger Investment Management L.P. now owns 50,770 shares of the company’s stock worth $1,806,000 after buying an additional 2,050 shares during the period. Allianz Asset Management AG bought a new stake in Orchids Paper Products Company during the second quarter worth approximately $4,001,000. Finally, State Street Corp boosted its stake in Orchids Paper Products Company by 3.1% in the second quarter. State Street Corp now owns 122,799 shares of the company’s stock worth $4,367,000 after buying an additional 3,731 shares during the period.
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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