Clearwater Paper Corp (NYSE:CLW) – Equities research analysts at KeyCorp boosted their FY2018 earnings per share estimates for shares of Clearwater Paper in a report issued on Monday. KeyCorp analyst A. Josephson now expects that the basic materials company will post earnings of $2.50 per share for the year, up from their prior estimate of $2.36. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Clearwater Paper’s FY2019 earnings at $1.49 EPS.

Clearwater Paper (NYSE:CLW) last released its quarterly earnings results on Monday, February 5th. The basic materials company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.01). The business had revenue of $436.70 million for the quarter, compared to the consensus estimate of $431.04 million. Clearwater Paper had a net margin of 5.63% and a return on equity of 7.12%. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.82 EPS.

A number of other research analysts also recently weighed in on the stock. Zacks Investment Research upgraded shares of Clearwater Paper from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 5th. Royal Bank of Canada cut their price target on shares of Clearwater Paper from $47.00 to $43.00 and set a “sector perform” rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $51.50.

Clearwater Paper (NYSE:CLW) traded up $0.05 during trading on Thursday, hitting $35.15. 100,549 shares of the stock were exchanged, compared to its average volume of 97,490. The company has a market cap of $562.84, a P/E ratio of 5.97, a P/E/G ratio of 2.22 and a beta of 0.91. The company has a quick ratio of 0.43, a current ratio of 1.08 and a debt-to-equity ratio of 0.99. Clearwater Paper has a fifty-two week low of $33.90 and a fifty-two week high of $61.40.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Clearwater Paper by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 1,540,226 shares of the basic materials company’s stock worth $72,006,000 after acquiring an additional 22,090 shares during the period. Dimensional Fund Advisors LP raised its holdings in Clearwater Paper by 2.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,351,987 shares of the basic materials company’s stock worth $66,586,000 after acquiring an additional 35,387 shares during the period. State Street Corp raised its holdings in Clearwater Paper by 3.0% in the 2nd quarter. State Street Corp now owns 426,527 shares of the basic materials company’s stock worth $19,939,000 after acquiring an additional 12,257 shares during the period. Wedge Capital Management L L P NC raised its holdings in Clearwater Paper by 4.1% in the 4th quarter. Wedge Capital Management L L P NC now owns 382,851 shares of the basic materials company’s stock worth $17,381,000 after acquiring an additional 15,020 shares during the period. Finally, Northern Trust Corp raised its holdings in Clearwater Paper by 56.7% in the 2nd quarter. Northern Trust Corp now owns 351,814 shares of the basic materials company’s stock worth $16,447,000 after acquiring an additional 127,309 shares during the period. Hedge funds and other institutional investors own 85.14% of the company’s stock.

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About Clearwater Paper

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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