Clearwater Paper Corporation (CLW) Scheduled to Post Quarterly Earnings on Thursday

Clearwater Paper Corporation (NYSE:CLW) will issue its quarterly earnings data after the market closes on Thursday, October 19th. Analysts expect the company to announce earnings of $0.46 per share for the quarter.

Clearwater Paper Corporation (NYSE:CLW) last posted its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.46 by $0.08. The business had revenue of $429.70 million during the quarter, compared to analysts’ expectations of $439.33 million. Clearwater Paper Corporation had a return on equity of 7.74% and a net margin of 1.49%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the firm earned $1.37 EPS. On average, analysts expect Clearwater Paper Corporation to post $2.05 EPS for the current fiscal year and $3.5 EPS for the next fiscal year.

Shares of Clearwater Paper Corporation (NYSE CLW) opened at 44.00 on Tuesday. The firm has a market capitalization of $723.05 million, a PE ratio of 28.37 and a beta of 1.05. The stock has a 50 day moving average price of $46.62 and a 200 day moving average price of $47.56. Clearwater Paper Corporation has a 12-month low of $43.20 and a 12-month high of $68.40.

In other Clearwater Paper Corporation news, insider Michael S. Gadd sold 1,546 shares of the company’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 completion of the transaction, the insider now directly owns 17,464 shares in the company, valued at approximately $873,898.56. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Michael S. Gadd sold 877 shares of the company’s stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $50.01, for a total transaction of $43,858.77. Following the completion of the transaction, the insider now owns 19,010 shares of the company’s stock, valued at $950,690.10. The disclosure for this sale can be found here. Corporate insiders own 2.41% of the company’s stock.

Several equities analysts recently commented on the stock. BidaskClub downgraded shares of Clearwater Paper Corporation from a “hold” rating to a “sell” rating in a research note 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 research note on Friday, August 4th. Zacks Investment Research cut shares of Clearwater Paper Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, KeyCorp restated a “hold” rating on shares of Clearwater Paper Corporation in a research report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Clearwater Paper Corporation presently has an average rating of “Hold” and an average target price of $64.00.

TRADEMARK VIOLATION NOTICE: “Clearwater Paper Corporation (CLW) Scheduled to Post Quarterly Earnings on Thursday” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another domain, it was stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this article can be read at https://ledgergazette.com/2017/10/17/clearwater-paper-corporation-clw-scheduled-to-post-quarterly-earnings-on-thursday.html.

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 faciliti

Clearwater Paper Corporation (NYSE:CLW) last posted its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.46 by $0.08. The business had revenue of $429.70 million during the quarter, compared to analysts’ expectations of $439.33 million. Clearwater Paper Corporation had a return on equity of 7.74% and a net margin of 1.49%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the firm earned $1.37 EPS. On average, analysts expect Clearwater Paper Corporation to post $2.05 EPS for the current fiscal year and $3.5 EPS for the next fiscal year.

Shares of Clearwater Paper Corporation (NYSE CLW) opened at 44.00 on Tuesday. The firm has a market capitalization of $723.05 million, a PE ratio of 28.37 and a beta of 1.05. The stock has a 50 day moving average price of $46.62 and a 200 day moving average price of $47.56. Clearwater Paper Corporation has a 12-month low of $43.20 and a 12-month high of $68.40.

In other Clearwater Paper Corporation news, insider Michael S. Gadd sold 1,546 shares of the company’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 completion of the transaction, the insider now directly owns 17,464 shares in the company, valued at approximately $873,898.56. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Michael S. Gadd sold 877 shares of the company’s stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $50.01, for a total transaction of $43,858.77. Following the completion of the transaction, the insider now owns 19,010 shares of the company’s stock, valued at $950,690.10. The disclosure for this sale can be found here. Corporate insiders own 2.41% of the company’s stock.

Several equities analysts recently commented on the stock. BidaskClub downgraded shares of Clearwater Paper Corporation from a “hold” rating to a “sell” rating in a research note 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 research note on Friday, August 4th. Zacks Investment Research cut shares of Clearwater Paper Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, KeyCorp restated a “hold” rating on shares of Clearwater Paper Corporation in a research report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Clearwater Paper Corporation presently has an average rating of “Hold” and an average target price of $64.00.

TRADEMARK VIOLATION NOTICE: “Clearwater Paper Corporation (CLW) Scheduled to Post Quarterly Earnings on Thursday” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another domain, it was stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this article can be read at https://ledgergazette.com/2017/10/17/clearwater-paper-corporation-clw-scheduled-to-post-quarterly-earnings-on-thursday.html.

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)

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