Clearwater Paper Co. (NYSE:CLW) – Stock analysts at DA Davidson decreased their Q2 2018 EPS estimates for shares of Clearwater Paper in a note issued to investors on Tuesday, April 3rd. DA Davidson analyst S. Chercover now expects that the basic materials company will earn $0.83 per share for the quarter, down from their prior forecast of $1.06. DA Davidson also issued estimates for Clearwater Paper’s Q3 2018 earnings at $0.86 EPS and FY2018 earnings at $3.37 EPS.
Clearwater Paper (NYSE:CLW) last released its earnings results on Monday, February 5th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.01). The firm had revenue of $436.70 million during the quarter, compared to analyst estimates of $431.04 million. Clearwater Paper had a net margin of 5.63% and a return on equity of 7.12%. Clearwater Paper’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.82 EPS.
CLW has been the topic of several other research reports. Zacks Investment Research upgraded shares of Clearwater Paper from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Tuesday, March 27th. ValuEngine lowered shares of Clearwater Paper from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Finally, Royal Bank of Canada dropped their target price on shares of Clearwater Paper from $47.00 to $43.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 6th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $42.50.
CLW stock opened at $37.20 on Thursday. The firm has a market capitalization of $592.95, a P/E ratio of 16.03, a PEG ratio of 2.46 and a beta of 0.98. 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 12-month low of $33.80 and a 12-month high of $57.25.
A number of hedge funds have recently added to or reduced their stakes in the stock. Elkfork Partners LLC acquired a new position in Clearwater Paper in the fourth quarter valued at $113,000. MetLife Investment Advisors LLC bought a new stake in Clearwater Paper in the fourth quarter valued at $356,000. Millennium Management LLC increased its stake in Clearwater Paper by 61.4% in the fourth quarter. Millennium Management LLC now owns 59,784 shares of the basic materials company’s stock valued at $2,714,000 after purchasing an additional 22,744 shares in the last quarter. Two Sigma Investments LP increased its stake in Clearwater Paper by 35.3% in the fourth quarter. Two Sigma Investments LP now owns 72,273 shares of the basic materials company’s stock valued at $3,281,000 after purchasing an additional 18,843 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Clearwater Paper by 57.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 66,477 shares of the basic materials company’s stock valued at $3,018,000 after purchasing an additional 24,232 shares in the last quarter. Institutional investors and hedge funds own 87.64% of the company’s stock.
In related news, VP Michael S. Gadd sold 5,368 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $37.68, for a total value of $202,266.24. Following the transaction, the vice president now owns 11,712 shares in the company, valued at $441,308.16. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.41% of the stock is owned by insiders.
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About Clearwater Paper
Clearwater Paper Corporation produces and sells produces and sells private label tissue and bleached paperboard products in the United States and internationally. It operates in two segments, Consumer Products, and Pulp and Paperboard. The Consumer Products segment manufactures and sells a line of at-home tissue products, including bathroom tissues, paper towels, facial tissues, and napkins; recycled fiber value grade products; and away-from-home products, such as conventional one- and two-ply bath tissues, two-ply paper towels, hard wound towels, and dispenser napkins.
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