Q1 2018 Earnings Estimate for Orchids Paper Products Issued By Taglich Brothers (TIS)
Orchids Paper Products (NYSEAMERICAN:TIS) – Investment analysts at Taglich Brothers reduced their Q1 2018 EPS estimates for Orchids Paper Products in a research report issued to clients and investors on Wednesday. Taglich Brothers analyst J. Nobile now anticipates that the basic materials company will post earnings per share of $0.32 for the quarter, down from their prior forecast of $0.42. Taglich Brothers also issued estimates for Orchids Paper Products’ FY2018 earnings at $1.88 EPS.
Several other research analysts also recently weighed in on TIS. TheStreet upgraded Orchids Paper Products from a “d+” rating to a “c-” rating in a research note on Thursday. Zacks Investment Research downgraded Orchids Paper Products from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, ValuEngine upgraded Orchids Paper Products from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th.
Shares of Orchids Paper Products (TIS) opened at $13.67 on Thursday. Orchids Paper Products has a 52-week low of $8.31 and a 52-week high of $30.38.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Neuberger Berman Group LLC raised its holdings in Orchids Paper Products by 16.0% during the 2nd quarter. Neuberger Berman Group LLC now owns 10,150 shares of the basic materials company’s stock valued at $131,000 after buying an additional 1,400 shares during the period. Rhumbline Advisers raised its holdings in Orchids Paper Products by 6.8% during the 2nd quarter. Rhumbline Advisers now owns 10,092 shares of the basic materials company’s stock valued at $131,000 after buying an additional 646 shares during the period. Icon Advisers Inc. Co. purchased a new stake in Orchids Paper Products in the second quarter worth $131,000. Bank of America Corp DE increased its stake in Orchids Paper Products by 61.2% in the first quarter. Bank of America Corp DE now owns 5,480 shares of the basic materials company’s stock worth $132,000 after purchasing an additional 2,080 shares during the period. Finally, Wilen Investment Management CORP. increased its stake in Orchids Paper Products by 20.5% in the second quarter. Wilen Investment Management CORP. now owns 10,571 shares of the basic materials company’s stock worth $132,000 after purchasing an additional 1,800 shares during the period.
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About Orchids Paper Products
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 a range of private label products across the value, premium and ultra-premium market segments.
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