Clearwater Paper Corp. (NYSE:CLW) – Equities researchers at DA Davidson reduced their Q2 2017 earnings per share (EPS) estimates for Clearwater Paper Corp. in a research note issued on Monday. DA Davidson analyst S. Chercover now anticipates that the brokerage will post earnings of $1.21 per share for the quarter, down from their prior estimate of $1.44. DA Davidson has a “Buy” rating and a $72.00 price objective on the stock. DA Davidson also issued estimates for Clearwater Paper Corp.’s Q4 2017 earnings at $0.99 EPS.

Clearwater Paper Corp. (NYSE:CLW) last posted its quarterly earnings data on Thursday, October 20th. The company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.07. The firm had revenue of $435.30 million for the quarter, compared to the consensus estimate of $432.47 million. Clearwater Paper Corp. had a net margin of 2.97% and a return on equity of 11.76%. The business’s revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.28 earnings per share.

Earnings History and Estimates for Clearwater Paper Corp. (NYSE:CLW)

Several other brokerages also recently issued reports on CLW. RBC Capital Markets reissued a “sector perform” rating and issued a $60.00 price objective (up previously from $56.00) on shares of Clearwater Paper Corp. in a research note on Sunday, July 24th. Vertical Research lowered shares of Clearwater Paper Corp. from a “buy” rating to a “hold” rating in a research report on Friday, July 22nd. Zacks Investment Research raised shares of Clearwater Paper Corp. from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research report on Monday, July 25th. Royal Bank Of Canada raised their target price on shares of Clearwater Paper Corp. from $56.00 to $60.00 and gave the stock a “sector perform” rating in a research report on Friday, July 22nd. Finally, Vertical Group lowered shares of Clearwater Paper Corp. from a “buy” rating to a “hold” rating in a research report on Friday, July 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $69.33.

Shares of Clearwater Paper Corp. (NYSE:CLW) opened at 61.90 on Tuesday. The company has a market capitalization of $1.04 billion, a PE ratio of 20.70 and a beta of 0.97. Clearwater Paper Corp. has a 52-week low of $32.00 and a 52-week high of $69.75. The firm’s 50-day moving average price is $59.63 and its 200 day moving average price is $61.63.

In related news, insider John Hertz sold 4,725 shares of Clearwater Paper Corp. stock in a transaction that occurred on Thursday, September 1st. The shares were 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 $1,936,369.44. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael S. Gadd sold 5,129 shares of Clearwater Paper Corp. stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $54.82, for a total transaction of $281,171.78. Following the transaction, the insider now directly owns 22,513 shares in the company, valued at $1,234,162.66. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Clearwater Paper Corp. during the third quarter valued at about $491,000. Panagora Asset Management Inc. raised its position in shares of Clearwater Paper Corp. by 88.5% in the third quarter. Panagora Asset Management Inc. now owns 111,029 shares of the company’s stock valued at $7,180,000 after buying an additional 52,121 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of Clearwater Paper Corp. during the third quarter valued at about $737,000. HBK Investments L P acquired a new position in shares of Clearwater Paper Corp. during the third quarter valued at about $841,000. Finally, Two Sigma Advisers LP raised its position in shares of Clearwater Paper Corp. by 37.1% in the third quarter. Two Sigma Advisers LP now owns 61,300 shares of the company’s stock valued at $3,964,000 after buying an additional 16,600 shares during the last quarter. 88.11% 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.

5 Day Chart for NYSE:CLW

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