Clearwater Paper (NYSE:CLW – Get Free Report) released its quarterly earnings results on Monday. The basic materials company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.32, RTT News reports. The business had revenue of $496.20 million for the quarter. Clearwater Paper had a return on equity of 18.13% and a net margin of 5.17%. During the same quarter in the previous year, the business earned $1.47 EPS.
Clearwater Paper Trading Up 13.3 %
Clearwater Paper stock traded up $5.42 during mid-day trading on Tuesday, hitting $46.11. The company’s stock had a trading volume of 69,368 shares, compared to its average volume of 178,016. The business has a 50 day moving average price of $40.45 and a 200-day moving average price of $37.05. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.97 and a quick ratio of 0.85. Clearwater Paper has a 12 month low of $29.22 and a 12 month high of $46.66. The stock has a market cap of $763.58 million, a price-to-earnings ratio of 7.25 and a beta of 0.52.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded 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.
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