Clearwater Paper Corporation manufactures and supplies bleached paperboards, and consumer and parent roll tissues in the United States and internationally. It operates through two segments, Pulp and Paperboard, and Consumer Products. The Pulp and Paperboard segment offers folding cartons, liquid packaging, cups and plates, blister and carded packaging products, top sheet and commercial printing items, and softwood pulp products, as well as custom sheeting, slitting, and cutting of paperboard products. It sells its products to packaging converters, folding carton converters, merchants, and commercial printers. The Consumer Products segment provides a line of at-home tissue products, including bath tissues, paper towels, facial tissues, and napkins; recycled fiber value grade products; and away-from-home tissues. This segment sells its products to retailers and wholesale distributors, including grocery, club, mass merchants, and discount stores. Clearwater Paper Corporation was incorporated in 2005 and is headquartered in Spokane, Washington.
Clearwater Paper Stock Down 1.4 %
NYSE:CLW traded down $0.64 during trading hours on Monday, hitting $45.23. 330 shares of the company's stock traded hands, compared to its average volume of 107,545. The firm has a market cap of $757.20 million, a P/E ratio of 18.35 and a beta of 0.95. Clearwater Paper has a twelve month low of $25.07 and a twelve month high of $46.34. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.90 and a current ratio of 1.86. The stock's fifty day moving average price is $35.64 and its two-hundred day moving average price is $32.07.
Clearwater Paper (NYSE:CLW - Get Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The basic materials company reported $1.11 earnings per share for the quarter, meeting the consensus estimate of $1.11. Clearwater Paper had a return on equity of 11.51% and a net margin of 2.19%. During the same quarter last year, the business earned ($1.07) EPS. On average, research analysts expect that Clearwater Paper will post 4.1 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several brokerages recently commented on CLW. BMO Capital Markets raised their target price on Clearwater Paper from $40.00 to $47.00 and gave the company an "outperform" rating in a report on Thursday, August 4th. StockNews.com upgraded Clearwater Paper from a "hold" rating to a "buy" rating in a research report on Wednesday, May 4th. TheStreet upgraded Clearwater Paper from a "c" rating to a "b" rating in a research report on Wednesday, August 3rd. Finally, Royal Bank of Canada upgraded Clearwater Paper from a "sector perform" rating to an "outperform" rating and lifted their target price for the stock from $40.00 to $45.00 in a research report on Wednesday, August 3rd.
Insider Transactions at Clearwater Paper
In related news, VP Michael S. Gadd sold 8,691 shares of the stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $42.02, for a total transaction of $365,195.82. Following the completion of the sale, the vice president now owns 69,866 shares in the company, valued at approximately $2,935,769.32. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.77% of the stock is currently owned by corporate insiders.