Clearwater Paper Corporation (NYSE:CLW) – Research analysts at DA Davidson cut their FY2018 earnings per share estimates for shares of Clearwater Paper Corporation in a research note issued on Thursday. DA Davidson analyst S. Chercover now expects that the basic materials company will post earnings per share of $3.91 for the year, down from their prior estimate of $4.21.
Clearwater Paper Corporation (NYSE:CLW) last posted its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.08. The company had revenue of $429.70 million during 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%. Clearwater Paper Corporation’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.37 earnings per share.
ILLEGAL ACTIVITY WARNING: “FY2018 Earnings Estimate for Clearwater Paper Corporation Issued By DA Davidson (CLW)” was published by Community Financial News and is owned by of Community Financial News. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this news story can be accessed at https://www.com-unik.info/2017/10/11/fy2018-earnings-estimate-for-clearwater-paper-corporation-issued-by-da-davidson-clw.html.
Several other analysts also recently commented on the company. Zacks Investment Research downgraded Clearwater Paper Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Royal Bank Of Canada reduced their target price on Clearwater Paper Corporation from $63.00 to $60.00 and set a “sector perform” rating for the company in a research note on Friday, August 4th. Finally, BidaskClub downgraded Clearwater Paper Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $64.00.
Clearwater Paper Corporation (NYSE:CLW) traded down 1.78% on Monday, hitting $44.20. The stock had a trading volume of 38,123 shares. The stock has a market capitalization of $726.34 million, a price-to-earnings ratio of 27.97 and a beta of 1.05. Clearwater Paper Corporation has a 52 week low of $43.60 and a 52 week high of $68.40. The company has a 50-day moving average price of $46.61 and a 200-day moving average price of $47.81.
In other Clearwater Paper Corporation news, insider Michael S. Gadd sold 1,546 shares of Clearwater Paper Corporation stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $50.04, for a total transaction of $77,361.84. Following the completion of the transaction, the insider now owns 17,464 shares in the company, valued at approximately $873,898.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael S. Gadd sold 877 shares of Clearwater Paper Corporation stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $50.01, for a total value of $43,858.77. Following 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. 2.41% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in CLW. BlackRock Inc. boosted its stake in Clearwater Paper Corporation by 138,458.4% during the 1st quarter. BlackRock Inc. now owns 2,157,355 shares of the basic materials company’s stock valued at $120,812,000 after purchasing an additional 2,155,798 shares during the last quarter. Capital World Investors acquired a new position in Clearwater Paper Corporation during the 2nd quarter valued at about $18,233,000. Northern Trust Corp boosted its stake in Clearwater Paper Corporation by 56.7% during the 2nd quarter. Northern Trust Corp now owns 351,814 shares of the basic materials company’s stock valued at $16,447,000 after purchasing an additional 127,309 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Clearwater Paper Corporation by 9.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,316,600 shares of the basic materials company’s stock valued at $61,551,000 after purchasing an additional 109,084 shares during the last quarter. Finally, Wedge Capital Management L L P NC boosted its stake in Clearwater Paper Corporation by 27.9% during the 2nd quarter. Wedge Capital Management L L P NC now owns 394,107 shares of the basic materials company’s stock valued at $18,425,000 after purchasing an additional 86,035 shares during the last quarter. Institutional investors and hedge funds own 84.45% 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.
What are top analysts saying about Clearwater Paper Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Clearwater Paper Corporation and related companies.