Clearwater Paper Corporation (NYSE:CLW) – Equities researchers at DA Davidson raised their Q3 2017 EPS estimates for Clearwater Paper Corporation in a report released on Thursday. DA Davidson analyst S. Chercover now anticipates that the basic materials company will post earnings of $0.40 per share for the quarter, up from their prior estimate of $0.37.

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

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A number of other research analysts have also recently issued reports on CLW. Royal Bank Of Canada cut their target price on shares of Clearwater Paper Corporation from $63.00 to $60.00 and set a “sector perform” rating for the company in a research note on Friday. BidaskClub cut shares of Clearwater Paper Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Zacks Investment Research upgraded shares of Clearwater Paper Corporation from a “strong sell” rating to a “buy” rating and set a $50.00 target price for the company in a research note on Wednesday, June 21st. Finally, Vertical Research upgraded shares of Clearwater Paper Corporation from a “hold” rating to a “buy” rating in a research note on Monday, April 24th. 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. Clearwater Paper Corporation currently has a consensus rating of “Hold” and a consensus target price of $60.50.

Shares of Clearwater Paper Corporation (CLW) opened at 46.70 on Monday. The company has a 50-day moving average price of $46.83 and a 200 day moving average price of $52.14. The firm has a market capitalization of $768.54 million, a PE 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.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new position in Clearwater Paper Corporation during the fourth quarter worth about $12,031,000. Highbridge Capital Management LLC bought a new position in Clearwater Paper Corporation during the fourth quarter valued at $464,000. Dalton Greiner Hartman Maher & Co. boosted its position in Clearwater Paper Corporation by 2.3% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 282,200 shares of the basic materials company’s stock valued at $15,803,000 after buying an additional 6,388 shares during the period. Strs Ohio boosted its position in Clearwater Paper Corporation by 4.2% in the first quarter. Strs Ohio now owns 14,900 shares of the basic materials company’s stock valued at $834,000 after buying an additional 600 shares during the period. Finally, Russell Investments Group Ltd. bought a new position in Clearwater Paper Corporation during the first quarter valued at $328,000. Institutional investors own 84.59% of the company’s stock.

In other news, insider Michael S. Gadd sold 1,546 shares of Clearwater Paper Corporation 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 completion of the transaction, the insider now owns 17,464 shares in the company, valued at $873,898.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael S. Gadd sold 877 shares of Clearwater Paper Corporation 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 completion of the transaction, the insider now owns 19,010 shares of the company’s stock, valued at approximately $950,690.10. The disclosure for this sale can be found here. Insiders own 2.41% of the company’s stock.

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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