Clearwater Paper Corporation (CLW) Receiving Somewhat Positive Media Coverage, Study Shows
Press coverage about Clearwater Paper Corporation (NYSE:CLW) has been trending somewhat positive on Saturday, according to Accern. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Clearwater Paper Corporation earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave press coverage about the basic materials company an impact score of 45.4809492794522 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- Orlando’s Hispanic community aiding Puerto Rico (clickondetroit.com)
- Melitta USA Celebrates Innovation on National Coffee Day (businesswire.com)
- WestRock to Build New Plant in Brazil to Meet Growing Demand (finance.yahoo.com)
- WestRock to Build New Plant in Brazil to Meet Growing Demand – Nasdaq (nasdaq.com)
Shares of Clearwater Paper Corporation (NYSE CLW) opened at 49.25 on Friday. The firm has a market capitalization of $809.33 million, a P/E ratio of 31.75 and a beta of 1.07. Clearwater Paper Corporation has a 12-month low of $43.60 and a 12-month high of $68.40. The firm’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 earnings results on Wednesday, August 2nd. The basic materials company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.08. Clearwater Paper Corporation had a net margin of 1.49% and a return on equity of 7.74%. The company had revenue of $429.70 million for the quarter, compared to analysts’ expectations of $439.33 million. During the same period last year, the firm earned $1.37 earnings per share. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. Equities analysts predict that Clearwater Paper Corporation will post $2.64 earnings per share for the current fiscal year.
A number of equities research analysts have weighed in on CLW shares. Zacks Investment Research raised Clearwater Paper Corporation from a “strong sell” rating to a “buy” rating and set a $50.00 price objective on the stock in a report on Wednesday, June 21st. BidaskClub downgraded Clearwater Paper Corporation from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Finally, Royal Bank Of Canada decreased their price objective on Clearwater Paper Corporation from $63.00 to $60.00 and set a “sector perform” rating on the stock in a report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $60.50.
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In other news, insider Michael S. Gadd sold 877 shares of the firm’s stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $50.01, for a total transaction of $43,858.77. Following the transaction, the insider now directly owns 19,010 shares of the company’s stock, valued at $950,690.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael S. Gadd sold 1,546 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $50.04, for a total transaction of $77,361.84. Following the transaction, the insider now directly owns 17,464 shares in the company, valued at $873,898.56. The disclosure for this sale can be found here. 2.41% of the stock is currently owned by company insiders.
About Clearwater Paper Corporation
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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