Clearwater Paper Corporation (NYSE:CLW) – DA Davidson boosted their Q3 2017 earnings estimates for shares of Clearwater Paper Corporation in a report issued on Thursday. DA Davidson analyst S. Chercover now expects that the basic materials company will post earnings per share of $0.40 for the quarter, up from their previous estimate of $0.37.

Clearwater Paper Corporation (NYSE:CLW) last posted its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.08. Clearwater Paper Corporation had a net margin of 1.49% and a return on equity of 7.74%. The company had revenue of $429.70 million during the quarter, compared to analyst estimates of $439.33 million. During the same quarter last year, the firm posted $1.37 EPS. The business’s revenue for the quarter was down 1.6% on a year-over-year basis.

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CLW has been the subject of several other reports. Vertical Research raised Clearwater Paper Corporation from a “hold” rating to a “buy” rating in a report on Monday, April 24th. Zacks Investment Research raised Clearwater Paper Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, April 12th. Royal Bank Of Canada dropped their price objective on Clearwater Paper Corporation from $63.00 to $60.00 and set a “sector perform” rating for the company in a report on Friday. Finally, BidaskClub cut Clearwater Paper Corporation from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Clearwater Paper Corporation has an average rating of “Hold” and an average price target of $60.50.

Clearwater Paper Corporation (NYSE CLW) opened at 45.10 on Monday. Clearwater Paper Corporation has a 52-week low of $43.60 and a 52-week high of $68.40. The stock’s 50 day moving average is $46.83 and its 200 day moving average is $52.14. The company has a market cap of $742.21 million, a price-to-earnings ratio of 29.08 and a beta of 1.07.

Institutional investors have recently modified their holdings of the stock. US Bancorp DE raised its position in shares of Clearwater Paper Corporation by 1.0% in the first quarter. US Bancorp DE now owns 3,714 shares of the basic materials company’s stock valued at $208,000 after buying an additional 35 shares in the last quarter. Texas Permanent School Fund raised its position in shares of Clearwater Paper Corporation by 0.6% in the second quarter. Texas Permanent School Fund now owns 11,996 shares of the basic materials company’s stock valued at $561,000 after buying an additional 76 shares in the last quarter. Mason Street Advisors LLC raised its position in shares of Clearwater Paper Corporation by 5.4% in the first quarter. Mason Street Advisors LLC now owns 3,850 shares of the basic materials company’s stock valued at $216,000 after buying an additional 196 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Clearwater Paper Corporation by 5.2% in the first quarter. BNP Paribas Arbitrage SA now owns 4,473 shares of the basic materials company’s stock valued at $250,000 after buying an additional 220 shares in the last quarter. Finally, Paloma Partners Management Co raised its position in shares of Clearwater Paper Corporation by 3.2% in the first quarter. Paloma Partners Management Co now owns 10,871 shares of the basic materials company’s stock valued at $608,000 after buying an additional 340 shares in the last quarter. Institutional investors and hedge funds own 84.59% of the company’s stock.

In related news, insider Michael S. Gadd sold 877 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 19,010 shares in the company, valued at approximately $950,690.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael S. Gadd sold 1,546 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now owns 17,464 shares of the company’s stock, valued at $873,898.56. The disclosure for this sale can be found here. 2.41% of the stock is currently owned by insiders.

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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