Wall Street analysts expect that Clearwater Paper Corp (NYSE:CLW) will report sales of $413.21 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Clearwater Paper’s earnings, with the lowest sales estimate coming in at $410.42 million and the highest estimate coming in at $416.00 million. Clearwater Paper posted sales of $436.72 million in the same quarter last year, which would indicate a negative year over year growth rate of 5.4%. The company is expected to announce its next quarterly earnings report after the market closes on Tuesday, March 12th.
On average, analysts expect that Clearwater Paper will report full year sales of $1.71 billion for the current fiscal year. For the next year, analysts anticipate that the company will post sales of $1.74 billion, with estimates ranging from $1.68 billion to $1.79 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Clearwater Paper.
CLW has been the topic of several analyst reports. ValuEngine cut Clearwater Paper from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Zacks Investment Research upgraded Clearwater Paper from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Wednesday, January 9th. Finally, Royal Bank of Canada lowered their target price on Clearwater Paper from $32.00 to $31.00 and set a “sector perform” rating on the stock in a research report on Friday, November 9th.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its position in shares of Clearwater Paper by 1.7% during the 4th quarter. BlackRock Inc. now owns 2,476,961 shares of the basic materials company’s stock valued at $60,364,000 after purchasing an additional 41,288 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Clearwater Paper by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,359,634 shares of the basic materials company’s stock valued at $33,135,000 after purchasing an additional 30,510 shares during the period. LSV Asset Management increased its position in shares of Clearwater Paper by 4.7% during the 4th quarter. LSV Asset Management now owns 630,046 shares of the basic materials company’s stock valued at $15,354,000 after purchasing an additional 28,349 shares during the period. First Sabrepoint Capital Management LP acquired a new position in shares of Clearwater Paper during the 3rd quarter valued at $13,286,000. Finally, Pictet Asset Management Ltd. increased its position in shares of Clearwater Paper by 73.6% during the 3rd quarter. Pictet Asset Management Ltd. now owns 446,849 shares of the basic materials company’s stock valued at $13,271,000 after purchasing an additional 189,477 shares during the period. Hedge funds and other institutional investors own 87.73% of the company’s stock.
Shares of NYSE CLW traded down $0.07 during mid-day trading on Monday, hitting $33.88. The company had a trading volume of 79,879 shares, compared to its average volume of 123,462. The company has a market cap of $558.41 million, a price-to-earnings ratio of 14.60, a price-to-earnings-growth ratio of 4.96 and a beta of 1.91. Clearwater Paper has a 12 month low of $21.55 and a 12 month high of $40.85. The company has a current ratio of 1.10, a quick ratio of 0.51 and a debt-to-equity ratio of 1.07.
Clearwater Paper Company Profile
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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