Shares of Orchids Paper Products Company (NYSE:TIS) have received an average broker rating score of 1.25 (Strong Buy) from the four brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a buy recommendation and three have given a strong buy recommendation to the company.
Brokers have set a 1-year consensus target price of $34.63 for the company and are expecting that the company will post $0.41 earnings per share for the current quarter, according to Zacks. Zacks has also given Orchids Paper Products Company an industry rank of 144 out of 265 based on the ratings given to related companies.
Shares of Orchids Paper Products Company (NYSE:TIS) opened at 29.75 on Monday. Orchids Paper Products Company has a 1-year low of $21.42 and a 1-year high of $32.50. The stock has a market cap of $305.47 million and a P/E ratio of 22.81. The company has a 50 day moving average price of $29.82 and a 200 day moving average price of $27.02.
Orchids Paper Products Company (NYSE:TIS) last released its quarterly earnings results on Wednesday, October 21st. The company reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.06. The company earned $46.83 million during the quarter, compared to analysts’ expectations of $45.55 million. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities analysts anticipate that Orchids Paper Products Company will post $1.42 EPS for the current year.
TIS has been the subject of several recent analyst reports. Zacks Investment Research lowered Orchids Paper Products Company from a “buy” rating to a “hold” rating in a research report on Friday, September 25th. Jefferies Group boosted their target price on Orchids Paper Products Company from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, October 15th. Finally, Oppenheimer boosted their target price on Orchids Paper Products Company from $27.00 to $33.00 and gave the company an “outperform” rating in a research report on Tuesday, October 27th.
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.
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