Clearwater Paper Corporation (CLW) Scheduled to Post Quarterly Earnings on Thursday
Clearwater Paper Corporation (NYSE:CLW) will be announcing its earnings results after the market closes on Thursday, October 19th. Analysts expect the company to announce earnings of $0.46 per share for the quarter.
Clearwater Paper Corporation (NYSE:CLW) last issued its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $429.70 million during the quarter, compared to analysts’ expectations of $439.33 million. During the same period last year, the company earned $1.37 earnings per share. The business’s revenue was down 1.6% on a year-over-year basis. On average, analysts expect Clearwater Paper Corporation to post $2.37 EPS for the current fiscal year and $3.89 EPS for the next fiscal year.
Clearwater Paper Corporation (CLW) opened at 44.55 on Thursday. Clearwater Paper Corporation has a 52-week low of $43.60 and a 52-week high of $68.40. The company’s 50 day moving average is $46.60 and its 200-day moving average is $47.79. The company has a market capitalization of $732.09 million, a price-to-earnings ratio of 28.72 and a beta of 1.05.
CLW has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Clearwater Paper Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Royal Bank Of Canada cut their price objective on shares of Clearwater Paper Corporation from $63.00 to $60.00 and set a “sector perform” rating on the stock in a research report on Friday, August 4th. Finally, BidaskClub downgraded shares of Clearwater Paper Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $64.00.
In related news, insider Michael S. Gadd sold 877 shares of the stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $50.01, for a total transaction of $43,858.77. Following the sale, the insider now directly owns 19,010 shares of the company’s stock, valued at approximately $950,690.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael S. Gadd sold 1,546 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $50.04, for a total transaction of $77,361.84. Following the sale, 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. Corporate insiders own 2.41% of the company’s stock.
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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