News stories about Clearwater Paper Corporation (NYSE:CLW) have trended somewhat positive this week, Accern Sentiment reports. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Clearwater Paper Corporation earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news articles about the basic materials company an impact score of 46.1219418046796 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
A number of brokerages recently issued reports on CLW. Vertical Research raised Clearwater Paper Corporation from a “hold” rating to a “buy” rating in a research report on Monday, April 24th. BidaskClub downgraded Clearwater Paper Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Zacks Investment Research raised Clearwater Paper Corporation from a “strong sell” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Wednesday, June 21st. Finally, Royal Bank Of Canada cut their price objective on Clearwater Paper Corporation from $63.00 to $60.00 and set a “sector perform” rating for the company in a research report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $60.50.
Clearwater Paper Corporation (NYSE CLW) traded down 0.22% during trading on Friday, reaching $45.15. The company’s stock had a trading volume of 73,484 shares. The company has a market capitalization of $741.95 million, a P/E ratio of 29.11 and a beta of 1.07. The company’s 50-day moving average is $47.01 and its 200-day moving average is $50.72. Clearwater Paper Corporation has a 1-year low of $43.60 and a 1-year high of $68.40.
Clearwater Paper Corporation (NYSE:CLW) last announced its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.08. The company had revenue of $429.70 million during the quarter, compared to analyst estimates of $439.33 million. Clearwater Paper Corporation had a return on equity of 7.74% and a net margin of 1.49%. The firm’s revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.37 earnings per share. Equities analysts anticipate that Clearwater Paper Corporation will post $2.64 EPS for the current year.
In other news, insider Michael S. Gadd sold 877 shares of the stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $50.01, for a total value of $43,858.77. Following the completion of the sale, the insider now owns 19,010 shares in the company, valued at $950,690.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael S. Gadd sold 1,546 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $50.04, for a total value of $77,361.84. Following the completion of the sale, the insider now owns 17,464 shares of the company’s stock, valued at approximately $873,898.56. The disclosure for this sale can be found here. Corporate insiders own 2.41% of the company’s stock.
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Clearwater Paper Corporation Company Profile
Clearwater Paper Corporation manufactures consumer tissue, away-from-home (AFH) tissue, parent roll tissue, bleached paperboard and pulp at manufacturing facilities across the nation. The Company operates through two segments: Consumer Products segment, and Pulp and Paperboard segment. The Company’s Consumer Products segment manufactures and sells a line of at-home tissue products, as well as AFH products.
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