Clearwater Paper Corp (NYSE:CLW) – DA Davidson issued their FY2020 earnings per share (EPS) estimates for Clearwater Paper in a research note issued on Wednesday, March 13th. DA Davidson analyst S. Chercover expects that the basic materials company will earn $2.08 per share for the year. DA Davidson currently has a “Buy” rating and a $44.00 target price on the stock.

Several other analysts have also commented on CLW. TheStreet lowered Clearwater Paper from a “c” rating to a “d” rating in a research note on Wednesday. Zacks Investment Research raised Clearwater Paper from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Wednesday, January 9th. ValuEngine lowered Clearwater Paper from a “hold” rating to a “sell” rating in a research note on Monday, February 25th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $29.00 price target on shares of Clearwater Paper in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $34.25.

Shares of CLW stock opened at $22.20 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.51 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $437.84 million, a P/E ratio of 8.71, a P/E/G ratio of 3.89 and a beta of 1.80. Clearwater Paper has a one year low of $21.12 and a one year high of $40.85.

Clearwater Paper (NYSE:CLW) last announced its quarterly earnings results on Tuesday, March 12th. The basic materials company reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The business had revenue of $428.71 million for the quarter, compared to analyst estimates of $413.21 million. Clearwater Paper had a positive return on equity of 7.00% and a negative net margin of 8.34%.

A number of hedge funds have recently made changes to their positions in CLW. Geode Capital Management LLC raised its position in Clearwater Paper by 3.9% in the 4th quarter. Geode Capital Management LLC now owns 172,674 shares of the basic materials company’s stock valued at $4,208,000 after purchasing an additional 6,410 shares during the last quarter. Norges Bank bought a new position in Clearwater Paper in the 4th quarter valued at $2,630,000. Dimensional Fund Advisors LP raised its position in Clearwater Paper by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,359,634 shares of the basic materials company’s stock valued at $33,135,000 after purchasing an additional 30,510 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in Clearwater Paper by 8.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 4,440 shares of the basic materials company’s stock valued at $108,000 after purchasing an additional 337 shares during the last quarter. Finally, Macquarie Group Ltd. raised its position in Clearwater Paper by 1.2% in the 4th quarter. Macquarie Group Ltd. now owns 25,700 shares of the basic materials company’s stock valued at $626,000 after purchasing an additional 300 shares during the last quarter. 87.63% of the stock is currently owned by institutional investors and hedge funds.

Clearwater Paper Company Profile

Clearwater Paper Corporation produces and sells produces and sells private label tissue and bleached paperboard products in the United States and internationally. It operates in two segments, Consumer Products, and Pulp and Paperboard. The Consumer Products segment manufactures and sells a line of at-home tissue products, including bathroom tissues, paper towels, facial tissues, and napkins; recycled fiber value grade products; and away-from-home products, such as conventional one- and two-ply bath tissues, two-ply paper towels, hard wound towels, and dispenser napkins.

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