Clearwater Paper (NYSE:CLW) issued its quarterly earnings data on Monday, February 5th. The basic materials company reported $0.87 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by ($0.01), Bloomberg Earnings reports. Clearwater Paper had a return on equity of 7.12% and a net margin of 5.63%. The business had revenue of $436.70 million for the quarter, compared to analysts’ expectations of $431.04 million. During the same period in the previous year, the firm posted $0.82 EPS. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year.
Clearwater Paper (NYSE CLW) opened at $36.00 on Tuesday. The company has a market capitalization of $579.28, a PE ratio of 16.32, a PEG ratio of 2.21 and a beta of 0.91. The company has a current ratio of 1.08, a quick ratio of 0.45 and a debt-to-equity ratio of 0.99. Clearwater Paper has a twelve month low of $33.80 and a twelve month high of $61.40.
Several brokerages have recently commented on CLW. Royal Bank of Canada cut their price objective on Clearwater Paper from $47.00 to $43.00 and set a “sector perform” rating for the company in a report on Tuesday, February 6th. KeyCorp reissued a “hold” rating on shares of Clearwater Paper in a report on Thursday, October 19th. Finally, Zacks Investment Research raised Clearwater Paper from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $51.50.
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Clearwater Paper 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.
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