Equities research analysts forecast that Clearwater Paper Co. (NYSE:CLW) will post sales of $428.15 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Clearwater Paper’s earnings. The lowest sales estimate is $426.30 million and the highest is $430.00 million. Clearwater Paper reported sales of $429.66 million during the same quarter last year, which indicates a negative year-over-year growth rate of 0.4%. The company is expected to report its next quarterly earnings results on Wednesday, August 1st.
According to Zacks, analysts expect that Clearwater Paper will report full-year sales of $1.72 billion for the current year, with estimates ranging from $1.71 billion to $1.74 billion. For the next fiscal year, analysts forecast that the company will report sales of $1.79 billion per share, with estimates ranging from $1.74 billion to $1.83 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Clearwater Paper.
Get Clearwater Paper alerts:
Clearwater Paper (NYSE:CLW) last released its quarterly earnings data on Thursday, April 19th. The basic materials company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.31). Clearwater Paper had a return on equity of 5.54% and a net margin of 5.34%. The business had revenue of $436.95 million during the quarter, compared to analysts’ expectations of $426.18 million. During the same quarter last year, the business posted $0.64 EPS.
CLW has been the subject of a number of recent research reports. Zacks Investment Research upgraded Clearwater Paper from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research note on Tuesday, April 3rd. Sidoti cut Clearwater Paper from a “buy” rating to a “neutral” rating and set a $32.00 price objective for the company. in a research note on Friday, April 20th. Royal Bank of Canada upgraded Clearwater Paper from a “sector perform” rating to an “outperform” rating and lowered their price objective for the company from $35.00 to $30.00 in a research note on Thursday. Finally, ValuEngine cut Clearwater Paper from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Two 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 stock. Clearwater Paper currently has an average rating of “Hold” and a consensus price target of $34.67.
Shares of CLW traded up $0.60 on Friday, reaching $25.60. The stock had a trading volume of 203,553 shares, compared to its average volume of 161,307. The stock has a market cap of $411.20 million, a PE ratio of 10.99, a PEG ratio of 2.60 and a beta of 1.06. 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 12-month low of $22.50 and a 12-month high of $50.60.
In related news, VP Michael S. Gadd sold 5,368 shares of Clearwater Paper stock in a transaction on Friday, February 16th. The stock was sold at an average price of $37.68, for a total value of $202,266.24. Following the completion of the sale, the vice president now owns 11,712 shares of the company’s stock, valued at $441,308.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.72% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. lifted its position in shares of Clearwater Paper by 11.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 216,259 shares of the basic materials company’s stock worth $8,456,000 after buying an additional 22,920 shares in the last quarter. LSV Asset Management grew its stake in shares of Clearwater Paper by 0.4% during the first quarter. LSV Asset Management now owns 671,820 shares of the basic materials company’s stock valued at $26,268,000 after buying an additional 3,000 shares during the last quarter. Prudential Financial Inc. grew its stake in shares of Clearwater Paper by 14.9% during the first quarter. Prudential Financial Inc. now owns 185,118 shares of the basic materials company’s stock valued at $7,238,000 after buying an additional 24,050 shares during the last quarter. Buckhead Capital Management LLC bought a new position in shares of Clearwater Paper during the first quarter valued at approximately $665,000. Finally, SG Americas Securities LLC bought a new position in shares of Clearwater Paper during the first quarter valued at approximately $1,128,000. 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.
Get a free copy of the Zacks research report on Clearwater Paper (CLW)
For more information about research offerings from Zacks Investment Research, visit Zacks.com