Orchids Paper Products Company(NYSEMKT:TIS) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 14, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $37.709M. Analysts estimated a revenue of $41.380M. The revenues were -8.87% below the estimates. Earnings per share were $0.25. Analysts had estimated an EPS of $0.25.
Orchids Paper Products Company (TIS) shares turned negative on Wednesdays trading session with the shares closing down -0.44 points or -1.53% at a volume of 97,583. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $29.22. The peak price level was also seen at $29.22 while the days lowest was $28.085. Finally the shares closed at $28.38. The 52-week high of the shares is $36.3099 while the 52-week low is $23.14. According to the latest information available, the market cap of the company is $292 M.
Several Insider Transactions has been reported to the SEC. On Nov 14, 2016, Steven R Berlin (director) purchased 104 shares at $24.00 per share price.Also, 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.