Orchids Paper Products Company (TIS) Trading Down 3.1%
Orchids Paper Products Company (NYSE:TIS)’s share price was down 3.1% on Wednesday . The company traded as low as $29.10 and last traded at $29.13, with a volume of 90,238 shares traded. The stock had previously closed at $30.06.
Separately, Zacks Investment Research downgraded 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 $302.07 million and a PE ratio of 18.53. The firm has a 50-day moving average price of $34.18 and a 200 day moving average price of $30.48.
Orchids Paper Products Company (NYSE:TIS) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by $0.09. The firm had revenue of $39.40 million for the quarter, compared to the consensus estimate of $47.11 million. The company’s revenue was down 6.9% on a year-over-year basis. On average, analysts forecast that Orchids Paper Products Company will post $1.48 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 22nd. Stockholders of record on Monday, August 8th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, August 4th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.76%.
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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