Revenue Update on Clearwater Paper Corp(NYSE:CLW)

Clearwater Paper Corp(NYSE:CLW) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 21, 2016. Company reported revenue of $436.67M. Analysts estimated a revenue of $443.45M. Earnings per share were $1.37. Analysts had estimated an EPS of $1.15.

In a different note, Sidoti & Co. said it Initiates Coverage on Clearwater Paper Corp, according to a research note issued on Jun 22, 2016. The shares have been rated ‘Buy’ by the firm. On May 12, 2016, DA Davidson said it Downgrades its rating on Clearwater Paper Corp. The shares have been rated ‘Neutral’ by the firm.

Clearwater Paper Corp (CLW) shares turned negative on Wednesdays trading session with the shares closing down -0.46 points or -0.67% at a volume of 76,999. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $68.65. The peak price level was also seen at $68.65 while the days lowest was $67.4308. Finally the shares closed at $67.98. The 52-week high of the shares is $69.75 while the 52-week low is $32. According to the latest information available, the market cap of the company is $1,163 M.

Several Insider Transactions has been reported to the SEC. On Feb 26, 2016, John Hertz (Senior Vice President) purchased 5,180 shares at $38.54 per share price.Also, 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.

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