Clearwater Paper Corporation (NYSE:CLW) – Investment analysts at KeyCorp cut their Q3 2017 EPS estimates for shares of Clearwater Paper Corporation in a report issued on Thursday. KeyCorp analyst A. Josephson now anticipates that the basic materials company will post earnings of $0.37 per share for the quarter, down from their previous estimate of $0.50.

Other analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Clearwater Paper Corporation from a “strong sell” rating to a “buy” rating and set a $50.00 price objective on the stock in a research note on Wednesday, June 21st. Vertical Research raised Clearwater Paper Corporation from a “hold” rating to a “buy” rating in a report on Monday, April 24th. Royal Bank Of Canada lowered their target price on Clearwater Paper Corporation from $63.00 to $60.00 and set a “sector perform” rating for the company in a report on Friday. Finally, BidaskClub lowered Clearwater Paper Corporation from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $60.50.

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Clearwater Paper Corporation (NYSE:CLW) opened at 46.70 on Monday. The stock has a market capitalization of $768.54 million, a P/E ratio of 30.11 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 firm has a 50 day moving average price of $46.83 and a 200 day moving average price of $52.14.

Clearwater Paper Corporation (NYSE:CLW) last announced its earnings results on Wednesday, August 2nd. The basic materials company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.08. Clearwater Paper Corporation had a return on equity of 7.74% and a net margin of 1.49%. The company had revenue of $429.70 million for the quarter, compared to the consensus estimate of $439.33 million. During the same period last year, the business posted $1.37 EPS. The company’s revenue was down 1.6% on a year-over-year basis.

Institutional investors have recently bought and sold shares of the stock. US Bancorp DE raised its position in Clearwater Paper Corporation by 1.0% in the first quarter. US Bancorp DE now owns 3,714 shares of the basic materials company’s stock valued at $208,000 after buying an additional 35 shares during the period. Texas Permanent School Fund raised its position in Clearwater Paper Corporation by 0.6% in the second quarter. Texas Permanent School Fund now owns 11,996 shares of the basic materials company’s stock valued at $561,000 after buying an additional 76 shares during the period. Mason Street Advisors LLC raised its position in Clearwater Paper Corporation by 5.4% in the first quarter. Mason Street Advisors LLC now owns 3,850 shares of the basic materials company’s stock valued at $216,000 after buying an additional 196 shares during the period. BNP Paribas Arbitrage SA raised its position in Clearwater Paper Corporation by 5.2% in the first quarter. BNP Paribas Arbitrage SA now owns 4,473 shares of the basic materials company’s stock valued at $250,000 after buying an additional 220 shares during the period. Finally, Paloma Partners Management Co raised its position in Clearwater Paper Corporation by 3.2% in the first quarter. Paloma Partners Management Co now owns 10,871 shares of the basic materials company’s stock valued at $608,000 after buying an additional 340 shares during the period. 84.59% of the stock is owned by institutional investors.

In other news, insider Michael S. Gadd sold 877 shares of the company’s stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $50.01, for a total transaction of $43,858.77. Following the completion of the transaction, the insider now directly owns 19,010 shares of the company’s stock, valued at $950,690.10. The transaction was disclosed in a 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 company’s stock in a transaction that occurred on Monday, July 31st. The shares were 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 $873,898.56. The disclosure for this sale can be found here. 2.41% of the stock is currently owned by corporate insiders.

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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