Clearwater Paper Corp. (NYSE:CLW) – Equities researchers at DA Davidson lowered their Q3 2017 earnings per share (EPS) estimates for Clearwater Paper Corp. in a research report issued on Monday. DA Davidson analyst S. Chercover now expects that the brokerage will post earnings per share of $0.65 for the quarter, down from their prior forecast of $1.35. 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 FY2017 earnings at $3.84 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)

A number of other research firms have also weighed in on CLW. RBC Capital Markets restated a “sector perform” rating and set a $60.00 price target (up from $56.00) on shares of Clearwater Paper Corp. in a research report on Sunday, July 24th. Vertical Research lowered shares of Clearwater Paper Corp. from a “buy” rating to a “hold” rating in a research note 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 price target for the company in a research report on Monday, July 25th. Royal Bank Of Canada raised their price target 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 downgraded shares of Clearwater Paper Corp. from a “buy” rating to a “hold” rating in a report on Friday, July 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $69.33.

Shares of Clearwater Paper Corp. (NYSE:CLW) opened at 62.05 on Wednesday. The firm’s 50-day moving average price is $59.50 and its 200 day moving average price is $61.82. The company has a market capitalization of $1.04 billion, a PE ratio of 20.75 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.

In other Clearwater Paper Corp. news, insider Michael S. Gadd sold 5,129 shares of Clearwater Paper Corp. stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $54.82, for a total value of $281,171.78. Following the completion of the transaction, the insider now directly owns 22,513 shares of the company’s stock, valued at approximately $1,234,162.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Hertz sold 4,725 shares of Clearwater Paper Corp. stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $62.52, for a total value of $295,407.00. Following the completion of the transaction, the insider now directly owns 30,972 shares of the company’s stock, valued at $1,936,369.44. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. First Quadrant L P CA bought a new position in shares of Clearwater Paper Corp. during the second quarter valued at $896,000. Magnetar Financial LLC bought a new position in shares of Clearwater Paper Corp. during the first quarter valued at $444,000. Victory Capital Management Inc. boosted its position in shares of Clearwater Paper Corp. by 76.9% in the second quarter. Victory Capital Management Inc. now owns 1,550 shares of the company’s stock valued at $101,000 after buying an additional 674 shares in the last quarter. UBS Group AG boosted its position in shares of Clearwater Paper Corp. by 32.6% in the first quarter. UBS Group AG now owns 38,625 shares of the company’s stock valued at $1,874,000 after buying an additional 9,506 shares in the last quarter. Finally, KBC Group NV bought a new position in shares of Clearwater Paper Corp. during the second quarter valued at $1,129,000. 88.11% of the stock is owned by hedge funds and other institutional investors.

About Clearwater Paper Corp.

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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