Clearwater Paper Corp (NYSE:CLW) – Stock analysts at DA Davidson raised their Q3 2019 EPS estimates for shares of Clearwater Paper in a report released on Thursday, August 1st, Zacks Investment Research reports. DA Davidson analyst S. Chercover now anticipates that the basic materials company will earn ($0.29) per share for the quarter, up from their prior forecast of ($0.50). DA Davidson also issued estimates for Clearwater Paper’s FY2019 earnings at ($0.07) EPS and FY2020 earnings at $1.25 EPS.
A number of other brokerages have also recently weighed in on CLW. Zacks Investment Research cut shares of Clearwater Paper from a “hold” rating to a “sell” rating in a research report on Monday, July 1st. ValuEngine raised shares of Clearwater Paper from a “sell” rating to a “hold” rating in a research report on Wednesday, July 31st. Royal Bank of Canada cut shares of Clearwater Paper from a “sector perform” rating to an “underperform” rating and reduced their price target for the company from $20.00 to $15.00 in a research report on Thursday, August 1st. Finally, KeyCorp reaffirmed a “hold” rating on shares of Clearwater Paper in a research report on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $30.33.
CLW stock traded up $0.09 during midday trading on Monday, reaching $16.69. 176,915 shares of the company’s stock traded hands, compared to its average volume of 184,818. The company has a market capitalization of $271.34 million, a P/E ratio of 6.55 and a beta of 1.91. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.95 and a quick ratio of 0.43. Clearwater Paper has a fifty-two week low of $15.25 and a fifty-two week high of $35.27. The business has a 50-day moving average price of $18.37 and a two-hundred day moving average price of $21.43.
Clearwater Paper (NYSE:CLW) last released its earnings results on Wednesday, July 31st. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.16). The company had revenue of $451.99 million during the quarter, compared to analyst estimates of $448.35 million. Clearwater Paper had a positive return on equity of 6.82% and a negative net margin of 8.64%.
Several institutional investors and hedge funds have recently bought and sold shares of CLW. Bank of New York Mellon Corp increased its holdings in shares of Clearwater Paper by 7.4% in the 4th quarter. Bank of New York Mellon Corp now owns 218,011 shares of the basic materials company’s stock valued at $5,313,000 after purchasing an additional 14,979 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Clearwater Paper by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,359,634 shares of the basic materials company’s stock worth $33,135,000 after buying an additional 30,510 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Clearwater Paper by 3.9% in the fourth quarter. Geode Capital Management LLC now owns 172,674 shares of the basic materials company’s stock worth $4,208,000 after buying an additional 6,410 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Clearwater Paper by 0.5% in the fourth quarter. Principal Financial Group Inc. now owns 133,640 shares of the basic materials company’s stock worth $3,257,000 after buying an additional 728 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in Clearwater Paper by 43.9% during the fourth quarter. Bank of America Corp DE now owns 18,634 shares of the basic materials company’s stock valued at $454,000 after purchasing an additional 5,689 shares during the last quarter. Institutional investors own 82.95% of the company’s stock.
About Clearwater Paper
Clearwater Paper Corporation produces and sells produces and sells private label tissue and bleached paperboard products in the United States and internationally. It operates in two segments, Consumer Products, and Pulp and Paperboard. The Consumer Products segment manufactures and sells a line of at-home tissue products, including bathroom tissues, paper towels, facial tissues, and napkins; recycled fiber value grade products; and away-from-home products, such as conventional one- and two-ply bath tissues, two-ply paper towels, hard wound towels, and dispenser napkins.