Clearwater Paper (NYSE:CLW) Issues Earnings Results, Beats Expectations By $0.32 EPS

Clearwater Paper (NYSE:CLW) posted its earnings results on Monday. The basic materials company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.32, RTT News reports. The business had revenue of $496.20 million for the quarter. Clearwater Paper had a net margin of 4.92% and a return on equity of 17.35%. During the same period in the previous year, the firm earned $1.47 EPS.

Clearwater Paper Price Performance

Shares of CLW stock opened at $44.48 on Thursday. Clearwater Paper has a 1 year low of $29.22 and a 1 year high of $47.98. The firm’s 50 day moving average is $40.83 and its 200-day moving average is $37.16. The firm has a market capitalization of $741.93 million, a price-to-earnings ratio of 7.44 and a beta of 0.51. The company has a current ratio of 1.91, a quick ratio of 0.85 and a debt-to-equity ratio of 0.65.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Royal Bank of Canada upped their price objective on shares of Clearwater Paper from $41.00 to $42.00 and gave the stock a “sector perform” rating in a research note on Tuesday. StockNews.com cut shares of Clearwater Paper from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 22nd.

Clearwater Paper Company Profile

Clearwater Paper Corporation manufactures and supplies bleached paperboards, and consumer and parent roll tissues in the United States and internationally. It operates through Pulp and Paperboard, and Consumer Products segments. The Pulp and Paperboard segment manufactures and markets bleached paperboard; Solid Bleached Sulfate paperboard that is used to produce folding cartons, liquid packaging, cups and plates, blister and carded packaging, and top sheet and commercial printing items; and hardwood and softwood pulp, as well as offers services that include custom sheeting, slitting, and cutting.