Clearwater Paper (NYSE:CLW) Issues Quarterly Earnings Results

Clearwater Paper (NYSE:CLW - Get Free Report) announced its quarterly earnings data on Tuesday. The basic materials company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.53), Zacks reports. The firm had revenue of $378.20 million during the quarter, compared to analyst estimates of $387.00 million. Clearwater Paper had a net margin of 10.54% and a negative return on equity of 1.87%.

Clearwater Paper Trading Down 0.8 %

Shares of NYSE:CLW traded down $0.20 during midday trading on Friday, reaching $26.35. The company had a trading volume of 302,966 shares, compared to its average volume of 311,892. The company has a fifty day simple moving average of $24.85 and a two-hundred day simple moving average of $27.13. The firm has a market cap of $427.92 million, a price-to-earnings ratio of 2.25 and a beta of 0.22. Clearwater Paper has a 1-year low of $22.58 and a 1-year high of $57.13. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.90 and a current ratio of 1.70.

Analysts Set New Price Targets

Several research firms have recently weighed in on CLW. Royal Bank of Canada restated an "outperform" rating and set a $37.00 price objective on shares of Clearwater Paper in a research report on Tuesday, February 18th. StockNews.com upgraded shares of Clearwater Paper from a "sell" rating to a "hold" rating in a research report on Monday, February 17th.

Insiders Place Their Bets

In other Clearwater Paper news, SVP Kari G. Moyes sold 2,778 shares of Clearwater Paper stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $26.72, for a total transaction of $74,228.16. Following the transaction, the senior vice president now directly owns 83,799 shares in the company, valued at approximately $2,239,109.28. The trade was a 3.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.55% of the company's stock.

Clearwater Paper Company Profile

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.