Clearwater Paper Corporation (NYSE:CLW) posted its quarterly earnings results on Thursday. The basic materials company reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.18, Bloomberg Earnings reports. The business had revenue of $426.50 million during the quarter, compared to the consensus estimate of $426.87 million. Clearwater Paper Corporation had a return on equity of 7.74% and a net margin of 1.49%. Clearwater Paper Corporation’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.14 earnings per share.
Clearwater Paper Corporation (CLW) opened at 43.35 on Friday. The firm has a 50-day moving average price of $46.38 and a 200-day moving average price of $47.32. Clearwater Paper Corporation has a 52-week low of $42.20 and a 52-week high of $68.40. The company has a market cap of $712.37 million, a PE ratio of 27.95 and a beta of 1.05.
In other Clearwater Paper Corporation news, insider Michael S. Gadd sold 1,546 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was 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 approximately $873,898.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.41% of the company’s stock.
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A number of research firms recently commented on CLW. KeyCorp reaffirmed a “hold” rating on shares of Clearwater Paper Corporation in a research note on Thursday. Zacks Investment Research downgraded Clearwater Paper Corporation from a “hold” rating to a “sell” rating in a research note on Monday, October 9th. Royal Bank Of Canada dropped their price target on 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. Finally, BidaskClub downgraded Clearwater Paper Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $64.00.
About Clearwater Paper Corporation
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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