Clearwater Paper (NYSE:CLW) Issues Quarterly Earnings Results

Key Points

• Clearwater Paper reported a quarterly loss of $0.23 per share, missing analysts’ estimate of a $0.16 loss. Revenue totaled $384.9 million, slightly below the $388.4 million consensus estimate.
• Shares fell $0.20 to $19.09 following the results. The company reported a negative net margin of 3.24% and negative return on equity of 7.95%.
• Analyst sentiment remains cautious, with one Buy, six Hold, and one Sell rating; the consensus rating is Hold with a $19.83 price target.

Clearwater Paper (NYSE:CLW - Get Free Report) announced its quarterly earnings data on Monday. The basic materials company reported ($0.23) earnings per share for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.07), FiscalAI reports. The firm had revenue of $384.90 million during the quarter, compared to analyst estimates of $388.39 million. Clearwater Paper had a negative net margin of 3.24% and a negative return on equity of 7.95%.

Clearwater Paper Stock Performance

Shares of CLW stock traded down $0.20 on Monday, hitting $19.09. The company had a trading volume of 136,438 shares, compared to its average volume of 194,695. Clearwater Paper has a twelve month low of $11.73 and a twelve month high of $23.59. The company has a quick ratio of 1.17, a current ratio of 2.29 and a debt-to-equity ratio of 0.45. The firm has a market cap of $307.84 million, a P/E ratio of -6.28 and a beta of 0.33. The company has a 50-day moving average price of $20.26 and a 200-day moving average price of $17.73.

Analyst Ratings Changes

CLW has been the subject of a number of research reports. Wall Street Zen downgraded Clearwater Paper from a "hold" rating to a "sell" rating in a report on Sunday, June 28th. Weiss Ratings reiterated a "sell (d)" rating on shares of Clearwater Paper in a report on Wednesday, August 5th. Truist Financial increased their price target on shares of Clearwater Paper from $12.00 to $17.00 and gave the stock a "hold" rating in a report on Wednesday, July 15th. TD Securities reissued a "hold" rating and set a $20.00 price target on shares of Clearwater Paper in a research report on Wednesday, July 29th. Finally, Zacks Research upgraded shares of Clearwater Paper to a "hold" rating in a research note on Monday, July 6th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $19.83.

Clearwater Paper Company Profile

Clearwater Paper Corporation is a manufacturer of bleached paperboard and pulp products. Its paperboard is used in packaging applications such as folding cartons, food and beverage packaging, and other consumer and industrial products. The company also produces pulp used in the manufacture of paper and tissue products.

Clearwater Paper primarily serves customers in North America, supplying packaging manufacturers, consumer-products companies, and other converters. Its operations have included paper mills in the United States, including facilities in Idaho and Arkansas, with products marketed to a range of food, beverage, household, and commercial markets.

The company was formed in 2008 through the separation of Potlatch Corporation's pulp and paperboard businesses.

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