Equities research analysts expect Clearwater Paper Corp (NYSE:CLW) to post earnings per share (EPS) of $0.28 for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Clearwater Paper’s earnings. The lowest EPS estimate is $0.22 and the highest is $0.34. Clearwater Paper posted earnings of $0.48 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 41.7%. The business is expected to report its next quarterly earnings results on Wednesday, August 1st.
On average, analysts expect that Clearwater Paper will report full-year earnings of $1.93 per share for the current fiscal year, with EPS estimates ranging from $1.57 to $2.28. For the next fiscal year, analysts forecast that the firm will post earnings of $1.35 per share, with EPS estimates ranging from $0.73 to $1.97. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Clearwater Paper.
Clearwater Paper (NYSE:CLW) last issued its quarterly earnings results on Thursday, April 19th. The basic materials company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.31). Clearwater Paper had a return on equity of 5.54% and a net margin of 5.34%. The firm had revenue of $436.95 million for the quarter, compared to analysts’ expectations of $426.18 million. During the same quarter last year, the firm earned $0.64 earnings per share.
A number of research analysts have recently commented on CLW shares. Zacks Investment Research raised shares of Clearwater Paper from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Tuesday, March 27th. ValuEngine cut shares of Clearwater Paper from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Royal Bank of Canada raised shares of Clearwater Paper from a “sector perform” rating to an “outperform” rating and dropped their target price for the stock from $35.00 to $30.00 in a report on Thursday, May 3rd. Finally, Sidoti cut shares of Clearwater Paper from a “buy” rating to a “neutral” rating and set a $32.00 target price on the stock. in a report on Friday, April 20th. Two equities research 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. Clearwater Paper has a consensus rating of “Hold” and a consensus target price of $34.67.
CLW opened at $26.25 on Friday. The company has a quick ratio of 0.42, a current ratio of 1.03 and a debt-to-equity ratio of 0.98. Clearwater Paper has a 52-week low of $22.50 and a 52-week high of $50.60. The company has a market cap of $426.00 million, a price-to-earnings ratio of 14.63, a price-to-earnings-growth ratio of 2.69 and a beta of 1.06.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Elkfork Partners LLC acquired a new position in Clearwater Paper in the fourth quarter worth approximately $113,000. Teacher Retirement System of Texas acquired a new position in Clearwater Paper during the fourth quarter valued at approximately $256,000. A.R.T. Advisors LLC acquired a new stake in shares of Clearwater Paper in the first quarter worth $248,000. MetLife Investment Advisors LLC acquired a new stake in shares of Clearwater Paper in the fourth quarter worth $356,000. Finally, Crossmark Global Holdings Inc. grew its stake in shares of Clearwater Paper by 59.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 8,316 shares of the basic materials company’s stock worth $378,000 after acquiring an additional 3,113 shares during the last quarter. 89.18% of the stock is owned by institutional investors and hedge funds.
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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