Clearwater Paper Corp (CLW) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $1.09 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.14. Analysts had a consensus of $0.95. The company posted revenue of $437.20 million in the period, compared to analysts expectations of $430.11 million. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.
Many Wall Street Analysts have commented on Clearwater Paper Corp. Shares were Reiterated by RBC Capital Mkts on Feb 11, 2016 to “Sector Perform” and Lowered the Price Target to $ 42 from a previous price target of $47 .
Clearwater Paper Corp opened for trading at $53.31 and hit $54.43 on the upside on Wednesday, eventually ending the session at $54.24, with a gain of 1.59% or 0.85 points. The heightened volatility saw the trading volume jump to 66,078 shares. Company has a market cap of $946 M.
In a different news, on Feb 26, 2016, John Hertz (Senior Vice President) purchased 5,180 shares at $38.54 per share price. According to the SEC, on Mar 2, 2015, Johnathan D Hunter (Vice President, Controller) sold 381 shares at $61.92 per share price.
Clearwater Paper Corporation is a producer of private label tissue and bleached paperboard products. The Company is engaged in manufacturing quality consumer tissue away-from-home (AFH) tissue parent roll tissue bleached paperboard and pulp. The Company operates in two segments: Consumer Products segment and Pulp and Paperboard segment. Consumer Products segment manufactures and sells a line of at-home tissue products as well as AFH products. Pulp and Paperboard segment manufactures and markets bleached paperboard for the packaging industry and are a producer of solid bleach sulfate (SBS) paperboard. The Company’s products are primarily wood pulp-based and are manufactured in the United States. The Company supplies private label tissue to retailers and wholesale distributors including grocery drug mass merchants and discount stores. In addition the Company’s bleached paperboard are used by printers and packaging converters.