Orchids Paper Products Company (TIS) reported quarterly earnings results on Wednesday, Jul-27-2016. The company reported $0.30 earnings per share for the quarter, missing the analyst consensus estimate by $-0.11. Analysts had a consensus of $0.41. The company posted revenue of $39.40 million in the period, compared to analysts expectations of $47.11 million. The company’s revenue was down -6.9% compared to the same quarter last year.
Many Wall Street Analysts have commented on Orchids Paper Products Company. Orchids Paper Products Company was Downgraded by Jefferies to ” Hold” on Jul 14, 2016.
Orchids Paper Products Company closed down -3.13 points or -9.32% at $30.47 with 4,92,391 shares getting traded on Thursday. Post opening the session at $32, the shares hit an intraday low of $28.02 and an intraday high of $32 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.