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 %
Shares of NYSE:CLW opened at $45.21 on Tuesday. The firm's 50-day simple moving average is $35.84 and its 200 day simple moving average is $32.17. The company has a market cap of $756.82 million, a price-to-earnings ratio of 18.08 and a beta of 0.95. The company has a quick ratio of 0.90, a current ratio of 1.86 and a debt-to-equity ratio of 1.08. Clearwater Paper has a 12-month low of $25.07 and a 12-month high of $46.34.
Clearwater Paper (NYSE:CLW - Get Rating) last released its earnings results on Tuesday, August 2nd. The basic materials company reported $1.11 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.11. Clearwater Paper had a net margin of 2.19% and a return on equity of 11.51%. During the same quarter in the prior year, the firm posted ($1.07) EPS. On average, research analysts expect that Clearwater Paper will post 4.1 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the stock. StockNews.com raised shares of Clearwater Paper from a "hold" rating to a "buy" rating in a research report on Wednesday, May 4th. BMO Capital Markets boosted their target price on shares of Clearwater Paper from $40.00 to $47.00 and gave the company an "outperform" rating in a research note on Thursday, August 4th. TheStreet upgraded shares of Clearwater Paper from a "c" rating to a "b" rating in a research note on Wednesday, August 3rd. Finally, Royal Bank of Canada upgraded shares of Clearwater Paper from a "sector perform" rating to an "outperform" rating and upped their price target for the stock from $40.00 to $45.00 in a research report on Wednesday, August 3rd.
Insider Activity
In other Clearwater Paper news, VP Michael S. Gadd sold 8,691 shares of the firm's stock in a transaction 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 of the company's stock, valued at approximately $2,935,769.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.77% of the stock is currently owned by company insiders.