Clearwater Paper (NYSE:CLW) Issues Earnings Results

Key Points

• Clearwater Paper reported earnings of $0.22 per share, which missed analysts' estimates by $0.51 EPS.
• The company has a debt-to-equity ratio of 0.34 and a current ratio of 1.66, indicating a stable financial position despite the earnings miss.
• Analyst ratings have recently changed, with Wall Street Zen downgrading Clearwater Paper from a "hold" to a "sell" rating.

Clearwater Paper (NYSE:CLW - Get Free Report) posted its quarterly earnings data on Tuesday. The basic materials company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.51), Zacks reports. Clearwater Paper had a negative return on equity of 4.11% and a net margin of 12.98%. The firm had revenue of $391.80 million for the quarter, compared to analysts' expectations of $397.00 million.

Clearwater Paper Price Performance

Shares of CLW stock traded down $0.40 during trading hours on Friday, reaching $22.16. The company had a trading volume of 95,309 shares, compared to its average volume of 260,314. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.80 and a current ratio of 1.97. The stock has a fifty day moving average of $28.60 and a 200-day moving average of $27.56. The company has a market capitalization of $360.32 million, a price-to-earnings ratio of 1.84 and a beta of 0.10. Clearwater Paper has a 12-month low of $21.94 and a 12-month high of $53.12.

Analyst Ratings Changes

Several research firms have commented on CLW. Wall Street Zen lowered Clearwater Paper from a "hold" rating to a "sell" rating in a research note on Saturday, July 12th. Royal Bank Of Canada dropped their price target on Clearwater Paper from $37.00 to $36.00 and set an "outperform" rating for the company in a research report on Wednesday.

Institutional Investors Weigh In On Clearwater Paper

A number of large investors have recently made changes to their positions in the stock. Caxton Associates LLP purchased a new position in Clearwater Paper in the first quarter worth approximately $204,000. Empowered Funds LLC grew its position in Clearwater Paper by 3.0% in the first quarter. Empowered Funds LLC now owns 115,315 shares of the basic materials company's stock worth $2,926,000 after acquiring an additional 3,368 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Clearwater Paper by 4.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,629 shares of the basic materials company's stock worth $244,000 after acquiring an additional 390 shares during the period. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

About Clearwater Paper

Clearwater Paper Corporation manufactures and supplies bleached paperboards, and consumer and parent roll tissues in the United States and internationally. It operates through Pulp and Paperboard, and Consumer Products segments. The Pulp and Paperboard segment manufactures and markets bleached paperboard; Solid Bleached Sulfate paperboard that is used to produce folding cartons, liquid packaging, cups and plates, blister and carded packaging, and top sheet and commercial printing items; and hardwood and softwood pulp, as well as offers services that include custom sheeting, slitting, and cutting.