Orchids Paper Products Company (TIS) Stock Price Down 2.4%
Orchids Paper Products Company (NYSE:TIS)’s share price was down 2.4% on Tuesday . The company traded as low as $27.70 and last traded at $27.79, with a volume of 100,110 shares changing hands. The stock had previously closed at $28.48.
Separately, Zacks Investment Research cut Orchids Paper Products Company from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 26th.
The stock has a market cap of $289.11 million and a P/E ratio of 17.70. The firm’s 50-day moving average price is $30.92 and its 200 day moving average price is $30.56.
Orchids Paper Products Company (NYSE:TIS) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by $0.09. The business earned $39.40 million during the quarter, compared to analyst estimates of $47.11 million. The company’s quarterly revenue was down 6.9% compared to the same quarter last year. Equities analysts anticipate that Orchids Paper Products Company will post $1.38 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 22nd. Shareholders of record on Monday, August 8th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, August 4th. This represents a $1.40 dividend on an annualized basis and a yield of 4.99%.
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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