$422.99 Million in Sales Expected for Clearwater Paper Corp (CLW) This Quarter

Equities research analysts expect Clearwater Paper Corp (NYSE:CLW) to report sales of $422.99 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Clearwater Paper’s earnings. The lowest sales estimate is $418.99 million and the highest is $427.00 million. Clearwater Paper posted sales of $436.95 million during the same quarter last year, which suggests a negative year over year growth rate of 3.2%. The company is expected to issue its next quarterly earnings report on Thursday, April 18th.

On average, analysts expect that Clearwater Paper will report full-year sales of $1.75 billion for the current year, with estimates ranging from $1.71 billion to $1.79 billion. For the next financial year, analysts anticipate that the firm will post sales of $1.80 billion, with estimates ranging from $1.71 billion to $1.90 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Clearwater Paper.

Clearwater Paper (NYSE:CLW) last released its quarterly earnings data on Tuesday, March 12th. The basic materials company reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.01. Clearwater Paper had a negative net margin of 8.34% and a positive return on equity of 7.55%. The business had revenue of $428.71 million during the quarter, compared to analysts’ expectations of $413.21 million.

CLW has been the subject of a number of research analyst reports. TheStreet lowered shares of Clearwater Paper from a “c” rating to a “d” rating in a research note on Wednesday, March 13th. Zacks Investment Research upgraded shares of Clearwater Paper from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. ValuEngine downgraded shares of Clearwater Paper from a “hold” rating to a “sell” rating in a research note on Monday, February 25th. DA Davidson cut their target price on shares of Clearwater Paper to $44.00 and set a “buy” rating for the company in a research note on Thursday, March 14th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $29.00 target price on shares of Clearwater Paper in a research note on Wednesday, March 13th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $34.25.

A number of institutional investors have recently added to or reduced their stakes in CLW. Geode Capital Management LLC lifted its holdings in shares of Clearwater Paper by 3.9% during the fourth quarter. Geode Capital Management LLC now owns 172,674 shares of the basic materials company’s stock worth $4,208,000 after purchasing an additional 6,410 shares during the period. Norges Bank acquired a new position in shares of Clearwater Paper during the fourth quarter worth $2,630,000. Dimensional Fund Advisors LP lifted its holdings in shares of Clearwater Paper by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,359,634 shares of the basic materials company’s stock worth $33,135,000 after purchasing an additional 30,510 shares during the period. Public Employees Retirement System of Ohio raised its stake in Clearwater Paper by 8.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 4,440 shares of the basic materials company’s stock worth $108,000 after buying an additional 337 shares during the last quarter. Finally, Macquarie Group Ltd. raised its stake in Clearwater Paper by 1.2% during the fourth quarter. Macquarie Group Ltd. now owns 25,700 shares of the basic materials company’s stock worth $626,000 after buying an additional 300 shares during the last quarter. 87.91% of the stock is currently owned by hedge funds and other institutional investors.

NYSE CLW traded up $0.16 on Thursday, reaching $19.94. The company had a trading volume of 208,800 shares, compared to its average volume of 185,781. The firm has a market cap of $326.17 million, a PE ratio of 7.82, a PEG ratio of 9.52 and a beta of 1.75. The company has a current ratio of 0.99, a quick ratio of 0.40 and a debt-to-equity ratio of 1.57. Clearwater Paper has a 1-year low of $18.95 and a 1-year high of $40.85.

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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