Clearwater Paper Corp (CLW) Releases Earnings Results, Misses Estimates By $0.20 EPS
Clearwater Paper Corp (NYSE:CLW) released its earnings results on Thursday. The basic materials company reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by $0.20. Clearwater Paper Corp had a return on equity of 11.85% and a net margin of 2.86%. The business had revenue of $437.53 million for the quarter, compared to analyst estimates of $433.26 million. During the same quarter in the previous year, the firm posted $1.09 EPS. The business’s revenue for the quarter was up .1% on a year-over-year basis.
Shares of Clearwater Paper Corp (NYSE:CLW) traded up 1.96% during midday trading on Thursday, hitting $57.10. The stock had a trading volume of 76,611 shares. The firm has a 50 day moving average of $55.31 and a 200-day moving average of $60.13. The company has a market cap of $940.04 million, a P/E ratio of 19.69 and a beta of 1.06. Clearwater Paper Corp has a one year low of $50.30 and a one year high of $69.75.
Several equities research analysts have recently commented on the company. Royal Bank of Canada lowered Clearwater Paper Corp from a “sector perform” rating to an “underperform” rating and set a $60.00 price target on the stock. in a research note on Friday, January 6th. Zacks Investment Research raised Clearwater Paper Corp from a “strong sell” rating to a “hold” rating in a research note on Monday, January 16th. DA Davidson raised Clearwater Paper Corp from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 31st. Vetr lowered Clearwater Paper Corp from a “hold” rating to a “sell” rating and set a $60.00 price target on the stock. in a research note on Monday, January 23rd. Finally, TheStreet lowered Clearwater Paper Corp from a “b-” rating to a “c+” rating in a research note on Wednesday, February 8th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $69.33.
Clearwater Paper Corp 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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