Shares of Orchids Paper Products Company (NYSE:TIS) have been given an average broker rating score of 1.75 (Buy) from the four analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company.
Brokerages have set a one year consensus target price of $31.25 for the company and are expecting that the company will post $0.30 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Orchids Paper Products Company an industry rank of 47 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research lowered shares of Orchids Paper Products Company from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 26th.
Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Advisors LLC increased 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 in the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of Orchids Paper Products Company during the second quarter valued at about $219,000. Spark Investment Management LLC acquired a new position in shares of Orchids Paper Products Company during the second quarter valued at about $259,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Orchids Paper Products Company during the second quarter valued at about $327,000. Finally, RidgeWorth Capital Management LLC acquired a new position in shares of Orchids Paper Products Company during the second quarter valued at about $405,000.
Shares of Orchids Paper Products Company (NYSE:TIS) opened at 27.51 on Friday. Orchids Paper Products Company has a one year low of $24.65 and a one year high of $36.31. The firm has a 50-day moving average of $27.66 and a 200-day moving average of $30.51. The company has a market cap of $283.24 million and a price-to-earnings ratio of 17.35.
Orchids Paper Products Company (NYSE:TIS) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by $0.09. The business had revenue of $39.40 million for the quarter, compared to analyst estimates of $47.11 million. Orchids Paper Products Company’s revenue for the quarter was down 6.9% compared to the same quarter last year. Equities research analysts forecast that Orchids Paper Products Company will post $1.37 EPS for the current fiscal year.
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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