Clearwater Paper (NYSE:CLW) Announces Earnings Results, Beats Expectations By $0.32 EPS

Clearwater Paper (NYSE:CLW) released its quarterly earnings data on Monday. The basic materials company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.11 by $0.32, RTT News reports. Clearwater Paper had a net margin of 5.17% and a return on equity of 18.13%. The business had revenue of $496.20 million during the quarter. During the same quarter last year, the business earned $1.47 EPS.

Clearwater Paper Trading Up 13.3 %

Shares of NYSE CLW traded up $5.42 during trading hours on Tuesday, hitting $46.11. 69,368 shares of the company traded hands, compared to its average volume of 178,016. The company has a current ratio of 1.97, a quick ratio of 0.85 and a debt-to-equity ratio of 0.69. The company’s 50 day moving average price is $40.45 and its 200 day moving average price is $37.05. The stock has a market capitalization of $763.58 million, a price-to-earnings ratio of 7.25 and a beta of 0.52. Clearwater Paper has a 12 month low of $29.22 and a 12 month high of $46.66.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Clearwater Paper from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 22nd.

About Clearwater Paper

Clearwater Paper Corporation manufactures and supplies bleached paperboards, and consumer and parent roll tissues in the United States and internationally. It operates through Pulp and Paperboard, and Consumer Products segments. The Pulp and Paperboard segment manufactures and markets bleached paperboard; Solid Bleached Sulfate paperboard that is used to produce folding cartons, liquid packaging, cups and plates, blister and carded packaging, and top sheet and commercial printing items; and hardwood and softwood pulp, as well as offers services that include custom sheeting, slitting, and cutting.