Clearwater Paper Corp. (CLW) to Release Quarterly Earnings on Thursday
Clearwater Paper Corp. (NYSE:CLW) is scheduled to be issuing its Q316 quarterly earnings data on Thursday, October 20th. Analysts expect the company to announce earnings of $0.21 per share and revenue of $432.47 million for the quarter.
Clearwater Paper Corp. (NYSE:CLW) last posted its quarterly earnings data on Thursday, July 21st. The company reported $1.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.22. The business earned $436.70 million during the quarter, compared to the consensus estimate of $437.09 million. Clearwater Paper Corp. had a return on equity of 16.79% and a net margin of 4.23%. On average, analysts expect Clearwater Paper Corp. to post $3.62 EPS for the current fiscal year and $4.97 EPS for the next fiscal year.
Clearwater Paper Corp. (NYSE:CLW) opened at 64.77 on Tuesday. The company has a market capitalization of $1.10 billion, a P/E ratio of 15.63 and a beta of 0.68. The company’s 50 day moving average price is $63.33 and its 200-day moving average price is $61.15. Clearwater Paper Corp. has a 12-month low of $32.00 and a 12-month high of $69.75.
Several research firms recently weighed in on CLW. Vertical Group downgraded Clearwater Paper Corp. from a “buy” rating to a “hold” rating in a report on Friday, July 22nd. Royal Bank Of Canada raised their price objective on Clearwater Paper Corp. from $56.00 to $60.00 and gave the company a “sector perform” rating in a report on Friday, July 22nd. Zacks Investment Research downgraded Clearwater Paper Corp. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 29th. RBC Capital Markets reissued a “sector perform” rating and set a $60.00 price objective (up previously from $56.00) on shares of Clearwater Paper Corp. in a report on Sunday, July 24th. Finally, Vertical Research downgraded Clearwater Paper Corp. from a “buy” rating to a “hold” rating in a report on Friday, July 22nd. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $68.17.
In other Clearwater Paper Corp. news, insider John Hertz sold 4,725 shares of Clearwater Paper Corp. stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $62.52, for a total transaction of $295,407.00. Following the transaction, the insider now directly owns 30,972 shares of the company’s stock, valued at approximately $1,936,369.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.00% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Clearwater Paper Corp. by 46.0% in the second quarter. BlackRock Inc. now owns 2,012 shares of the company’s stock worth $131,000 after buying an additional 634 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of Clearwater Paper Corp. during the second quarter worth about $196,000. HighTower Advisors LLC acquired a new position in shares of Clearwater Paper Corp. during the second quarter worth about $203,000. Janney Montgomery Scott LLC acquired a new position in shares of Clearwater Paper Corp. during the second quarter worth about $273,000. Finally, Trexquant Investment LP acquired a new position in shares of Clearwater Paper Corp. during the second quarter worth about $324,000. 86.39% of the stock is currently owned by institutional investors.
Clearwater Paper Corp. Company Profile
Clearwater Paper Corporation manufactures quality consumer tissue, away-from-home (AFH), tissue, parent roll tissue, bleached paperboard and pulp at manufacturing facilities across the nation. The Company is a supplier of private label tissue to retailers and wholesale distributors, including grocery, drug, mass merchants and discount stores.
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