Wall Street brokerages expect that Clearwater Paper Co. (NYSE:CLW) will post sales of $428.15 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Clearwater Paper’s earnings. The highest sales estimate is $430.00 million and the lowest is $426.30 million. Clearwater Paper posted sales of $429.66 million during the same quarter last year, which would indicate a negative year over year growth rate of 0.4%. The business is expected to issue its next quarterly earnings report on Wednesday, August 1st.
On average, analysts expect that Clearwater Paper will report full year sales of $1.72 billion for the current fiscal year, with estimates ranging from $1.71 billion to $1.74 billion. For the next financial year, analysts expect that the firm will report sales of $1.79 billion per share, with estimates ranging from $1.74 billion to $1.83 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Clearwater Paper.
Clearwater Paper (NYSE:CLW) last released its earnings results on Thursday, April 19th. The basic materials company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.31). The business had revenue of $436.95 million during the quarter, compared to analyst estimates of $426.18 million. Clearwater Paper had a net margin of 5.34% and a return on equity of 5.54%. During the same quarter in the previous year, the company posted $0.64 earnings per share.
CLW has been the subject of several analyst reports. Royal Bank of Canada dropped their target price on Clearwater Paper from $43.00 to $35.00 and set a “sector perform” rating for the company in a research note on Friday, April 20th. Zacks Investment Research upgraded Clearwater Paper from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Wednesday, March 14th. Sidoti lowered Clearwater Paper from a “buy” rating to a “neutral” rating and set a $32.00 target price for the company. in a research note on Friday, April 20th. Finally, ValuEngine lowered Clearwater Paper from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Clearwater Paper has a consensus rating of “Hold” and an average price target of $34.67.
Clearwater Paper stock traded down $0.25 during trading on Friday, hitting $25.05. The company’s stock had a trading volume of 141,834 shares, compared to its average volume of 334,980. The firm has a market capitalization of $416.13 million, a P/E ratio of 10.80, a PEG ratio of 2.63 and a beta of 1.06. Clearwater Paper has a 1-year low of $24.80 and a 1-year high of $25.50. The company has a current ratio of 1.03, a quick ratio of 0.42 and a debt-to-equity ratio of 0.98.
In other Clearwater Paper news, VP Michael S. Gadd sold 5,368 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $37.68, for a total transaction of $202,266.24. Following the completion of the sale, the vice president now directly owns 11,712 shares in the company, valued at $441,308.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.72% of the company’s stock.
A number of large investors have recently made changes to their positions in CLW. Wells Fargo & Company MN increased its stake in Clearwater Paper by 60.0% during the third quarter. Wells Fargo & Company MN now owns 21,228 shares of the basic materials company’s stock worth $1,045,000 after acquiring an additional 7,961 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Clearwater Paper by 5.1% during the third quarter. Schwab Charles Investment Management Inc. now owns 162,418 shares of the basic materials company’s stock worth $8,000,000 after acquiring an additional 7,874 shares during the last quarter. California Public Employees Retirement System increased its stake in Clearwater Paper by 3.2% during the third quarter. California Public Employees Retirement System now owns 104,656 shares of the basic materials company’s stock worth $5,154,000 after acquiring an additional 3,200 shares during the last quarter. Personal Capital Advisors Corp increased its stake in Clearwater Paper by 24.6% during the fourth quarter. Personal Capital Advisors Corp now owns 41,233 shares of the basic materials company’s stock worth $1,872,000 after acquiring an additional 8,151 shares during the last quarter. Finally, Strs Ohio increased its stake in Clearwater Paper by 7.1% during the fourth quarter. Strs Ohio now owns 18,100 shares of the basic materials company’s stock worth $821,000 after acquiring an additional 1,200 shares during the last quarter. Institutional investors own 88.11% of the company’s stock.
About Clearwater Paper
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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