Clearwater Paper Corporation (NYSE:CLW) Issues Quarterly Earnings Results

Clearwater Paper Corporation (NYSE:CLW) released its quarterly earnings results on Thursday, October 19th. The basic materials company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.18, Bloomberg Earnings reports. Clearwater Paper Corporation had a net margin of 1.50% and a return on equity of 7.38%. The firm had revenue of $426.50 million during the quarter, compared to analyst estimates of $426.87 million. During the same period in the previous year, the business earned $0.14 EPS. The business’s revenue for the quarter was down 2.0% on a year-over-year basis.

Clearwater Paper Corporation (NYSE CLW) traded down 0.97% during mid-day trading on Friday, reaching $45.85. 156,845 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $46.26 and a 200-day moving average price of $46.84. The stock has a market capitalization of $753.45 million, a PE ratio of 29.56 and a beta of 1.05. Clearwater Paper Corporation has a 12-month low of $42.20 and a 12-month high of $68.40.

In related news, insider Michael S. Gadd sold 1,546 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $50.04, for a total value of $77,361.84. Following the sale, the insider now owns 17,464 shares of the company’s stock, valued at $873,898.56. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.41% of the stock is owned by company insiders.

TRADEMARK VIOLATION NOTICE: This article was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States and international copyright legislation. The legal version of this article can be read at https://www.dispatchtribunal.com/2017/10/28/clearwater-paper-corporation-clw-issues-earnings-results.html.

A number of analysts have recently issued reports on the stock. KeyCorp reaffirmed a “hold” rating on shares of Clearwater Paper Corporation in a report on Thursday, October 19th. BidaskClub downgraded shares of Clearwater Paper Corporation from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Royal Bank Of Canada dropped their price objective on shares of Clearwater Paper Corporation from $63.00 to $60.00 and set a “sector perform” rating for the company in a report on Friday, August 4th. Finally, Zacks Investment Research downgraded shares of Clearwater Paper Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $64.00.

Clearwater Paper Corporation Company Profile

Clearwater Paper Corporation manufactures consumer tissue, away-from-home (AFH) tissue, parent roll tissue, bleached paperboard and pulp at manufacturing facilities across the nation. The Company operates through two segments: Consumer Products segment, and Pulp and Paperboard segment. The Company’s Consumer Products segment manufactures and sells a line of at-home tissue products, as well as AFH products.

Earnings History for Clearwater Paper Corporation (NYSE:CLW)

Receive News & Ratings for Clearwater Paper Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clearwater Paper Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply