Orchids Paper Products Company (TIS) Stock Price Down 2.4%
Orchids Paper Products Company (NYSE:TIS) was down 2.4% during mid-day trading on Tuesday . The company traded as low as $27.70 and last traded at $27.79, with a volume of 100,110 shares. The stock had previously closed at $28.48.
Separately, Zacks Investment Research downgraded shares of Orchids Paper Products Company from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 26th.
The firm has a market cap of $286.33 million and a price-to-earnings ratio of 17.53. The firm’s 50-day moving average price is $30.47 and its 200-day moving average price is $30.55.
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 company had revenue of $39.40 million for the quarter, compared to analyst estimates of $47.11 million. The firm’s quarterly revenue was down 6.9% compared to the same quarter last year. Analysts forecast that Orchids Paper Products Company will post $1.37 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, August 22nd. Investors of record on Monday, August 8th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date of this dividend was Thursday, August 4th.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.