Orchids Paper Products Company (NYSEMKT:TIS) Releases Earnings Results, Misses Expectations By $0.09 EPS

Orchids Paper Products Company (NYSEMKT:TIS) released its quarterly earnings results on Monday, August 7th. The basic materials company reported ($0.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $0.09, Morningstar.com reports. The business had revenue of $38.40 million for the quarter, compared to the consensus estimate of $37.90 million. Orchids Paper Products had a negative net margin of 2.43% and a negative return on equity of 2.63%. The business’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period last year, the firm posted $0.30 EPS.

Shares of Orchids Paper Products (NYSEMKT:TIS) traded down 0.91% during midday trading on Friday, reaching $9.79. The company had a trading volume of 168,003 shares. Orchids Paper Products has a 12 month low of $8.31 and a 12 month high of $30.38. The firm’s 50 day moving average price is $11.30 and its 200-day moving average price is $18.74. The company has a market capitalization of $102.10 million, a P/E ratio of 52.35 and a beta of 0.48.

In other Orchids Paper Products news, Director Mario Armando Garcia sold 15,000 shares of the stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $13.44, for a total value of $201,600.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Street Corp increased its position in Orchids Paper Products by 28.4% in the fourth quarter. State Street Corp now owns 158,839 shares of the basic materials company’s stock worth $4,159,000 after buying an additional 35,161 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Orchids Paper Products by 4.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 399,325 shares of the basic materials company’s stock worth $10,454,000 after buying an additional 18,310 shares during the period. Guggenheim Capital LLC increased its position in shares of Orchids Paper Products by 27.6% in the fourth quarter. Guggenheim Capital LLC now owns 42,760 shares of the basic materials company’s stock worth $1,120,000 after buying an additional 9,239 shares during the period. Teachers Advisors LLC increased its position in shares of Orchids Paper Products by 51.1% in the fourth quarter. Teachers Advisors LLC now owns 21,180 shares of the basic materials company’s stock worth $554,000 after buying an additional 7,162 shares during the period. Finally, Naples Global Advisors LLC increased its position in shares of Orchids Paper Products by 1.1% in the first quarter. Naples Global Advisors LLC now owns 55,681 shares of the basic materials company’s stock worth $1,336,000 after buying an additional 600 shares during the period.

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A number of research firms have recently weighed in on TIS. TheStreet cut Orchids Paper Products from a “c” rating to a “d+” rating in a report on Monday, August 7th. Zacks Investment Research raised Orchids Paper Products from a “sell” rating to a “hold” rating in a report on Wednesday. Jefferies Group LLC reaffirmed a “hold” rating on shares of Orchids Paper Products in a report on Tuesday, June 6th. Finally, ValuEngine raised Orchids Paper Products from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st.

Orchids Paper Products Company Profile

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.

Earnings History for Orchids Paper Products (NYSEMKT:TIS)

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