Equities analysts expect Clearwater Paper Corp (NYSE:CLW) to report earnings per share of $0.45 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Clearwater Paper’s earnings, with estimates ranging from $0.41 to $0.48. Clearwater Paper posted earnings per share of $0.87 during the same quarter last year, which would indicate a negative year-over-year growth rate of 48.3%. The company is scheduled to report its next quarterly earnings results on Monday, February 4th.
On average, analysts expect that Clearwater Paper will report full-year earnings of $2.54 per share for the current fiscal year, with EPS estimates ranging from $2.50 to $2.57. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.37 per share, with EPS estimates ranging from $1.08 to $1.66. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Clearwater Paper.
Clearwater Paper (NYSE:CLW) last issued its quarterly earnings results on Thursday, November 8th. The basic materials company reported $1.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.85. Clearwater Paper had a return on equity of 8.27% and a net margin of 7.21%. The firm had revenue of $426.46 million during the quarter, compared to analyst estimates of $434.38 million. During the same period last year, the company earned $0.32 EPS.
A number of brokerages recently issued reports on CLW. ValuEngine raised Clearwater Paper from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 23rd. Zacks Investment Research upgraded Clearwater Paper from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective on the stock in a report on Thursday, November 15th. Finally, Royal Bank of Canada reduced their price objective on Clearwater Paper from $32.00 to $31.00 and set a “sector perform” rating on the stock in a report on Friday, November 9th.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CLW. BlackRock Inc. increased its holdings in shares of Clearwater Paper by 4.7% in the 3rd quarter. BlackRock Inc. now owns 2,435,673 shares of the basic materials company’s stock valued at $72,339,000 after acquiring an additional 108,439 shares during the period. First Sabrepoint Capital Management LP purchased a new position in shares of Clearwater Paper in the 3rd quarter valued at $13,286,000. Pictet Asset Management Ltd. increased its holdings in shares of Clearwater Paper by 73.6% in 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 acquiring an additional 189,477 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of Clearwater Paper by 19.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 257,677 shares of the basic materials company’s stock valued at $5,953,000 after acquiring an additional 41,418 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Clearwater Paper by 3.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 203,032 shares of the basic materials company’s stock valued at $6,031,000 after acquiring an additional 7,254 shares during the period. Institutional investors own 91.76% of the company’s stock.
Shares of CLW stock traded up $0.09 on Thursday, reaching $28.25. 76,396 shares of the company’s stock were exchanged, compared to its average volume of 147,501. Clearwater Paper has a 52 week low of $21.55 and a 52 week high of $50.60. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.51 and a current ratio of 1.10. The firm has a market capitalization of $463.17 million, a P/E ratio of 12.18, a P/E/G ratio of 2.24 and a beta of 1.29.
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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