Somewhat Positive Press Coverage Somewhat Unlikely to Affect Clearwater Paper Corporation (CLW) Share Price
Media coverage about Clearwater Paper Corporation (NYSE:CLW) has been trending somewhat positive on Sunday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Clearwater Paper Corporation earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news headlines about the basic materials company an impact score of 45.7850903722298 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several equities analysts have weighed in on CLW shares. Zacks Investment Research lowered Clearwater Paper Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Royal Bank Of Canada dropped their price target on Clearwater Paper Corporation from $63.00 to $60.00 and set a “sector perform” rating on the stock in a research report on Friday, August 4th. Finally, BidaskClub lowered Clearwater Paper Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. Clearwater Paper Corporation has a consensus rating of “Hold” and a consensus target price of $60.50.
Shares of Clearwater Paper Corporation (NYSE CLW) opened at 47.15 on Friday. The firm has a market cap of $774.82 million, a price-to-earnings ratio of 30.40 and a beta of 1.07. Clearwater Paper Corporation has a 52-week low of $43.60 and a 52-week high of $68.40. The stock’s 50 day moving average price is $45.86 and its 200-day moving average price is $48.53.
Clearwater Paper Corporation (NYSE:CLW) last announced its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.08. The company had revenue of $429.70 million for the quarter, compared to the consensus estimate of $439.33 million. Clearwater Paper Corporation had a return on equity of 7.74% and a net margin of 1.49%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.37 EPS. On average, analysts forecast that Clearwater Paper Corporation will post $2.64 EPS for the current year.
In other news, insider Michael S. Gadd sold 1,546 shares of the business’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 transaction, the insider now directly owns 17,464 shares of the company’s stock, valued at approximately $873,898.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael S. Gadd sold 877 shares of the business’s stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $50.01, for a total value of $43,858.77. Following the completion of the transaction, the insider now directly owns 19,010 shares in the company, valued at $950,690.10. The disclosure for this sale can be found here. 2.41% of the stock is owned by insiders.
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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.
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