Orchids Paper Products Company (TIS) was Downgraded by Jefferies to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Jefferies advised their investors in a research report released on Jul 14, 2016.
On the company’s financial health, Orchids Paper Products Company reported $0.56 EPS for the quarter, beating the analyst consensus estimate by $ 0.26 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $0.30. The company had revenue of $47.70 million for the quarter, compared to analysts expectations of $43.22 million. The company’s revenue was up 27.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.
Orchids Paper Products Company closed down -0.39 points or -1.08% at $35.61 with 41,661 shares getting traded on Wednesday. Post opening the session at $36.14, the shares hit an intraday low of $35.53 and an intraday high of $36.14 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Feb 11, 2016, Steven R Berlin (director) purchased 500 shares at $25.60 per share price. According to the SEC, on Aug 28, 2015, John C Guttilla (director) sold 1,000 shares at $24.40 per share price. On May 1, 2015, Jeffrey S Schoen (CEO) purchased 2,500 shares at $21.61 per share price, according to the Form-4 filing with the securities and exchange commission.
Orchids Paper Products Company is an integrated manufacturer of tissue paper products serving the at-home market and the away from home. The Company has a manufacturing facility in Pryor Oklahoma and owns manufacturing assets located in Mexicali Mexico. The Company produces bulk rolls of tissue paper known as parent rolls and converts parent rolls into finished products including paper towels bathroom tissue and paper napkins. Its core customer base in the at-home market consists of dollar stores and other discount retailers that offer a limited selection across a broad range of products in a smaller store format. The at-home tissue market consists of several quality levels including a value tier premium tier and ultra-premium tier. Its core customer base in the away from home market consists of companies in the janitorial market and food service market.