Brokerages Anticipate Clearwater Paper Corp (CLW) Will Post Quarterly Sales of $422.99 Million

Analysts expect that Clearwater Paper Corp (NYSE:CLW) will post $422.99 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Clearwater Paper’s earnings, with the highest sales estimate coming in at $427.00 million and the lowest estimate coming in at $418.99 million. Clearwater Paper reported sales of $436.95 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 3.2%. The firm is scheduled to announce 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 financial year, with estimates ranging from $1.71 billion to $1.79 billion. For the next fiscal year, analysts expect that the company will post sales of $1.80 billion, with estimates ranging from $1.71 billion to $1.90 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Clearwater Paper.

Clearwater Paper (NYSE:CLW) last announced its earnings results on Tuesday, March 12th. The basic materials company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. Clearwater Paper had a positive return on equity of 7.55% and a negative net margin of 8.34%. The firm had revenue of $428.71 million for the quarter, compared to analyst estimates of $413.21 million.

A number of research analysts have recently issued reports on the company. Zacks Investment Research lowered Clearwater Paper from a “hold” rating to a “sell” rating in a research report on Thursday, March 28th. ValuEngine upgraded Clearwater Paper from a “sell” rating to a “hold” rating in a research report on Monday. DA Davidson decreased their target price on Clearwater Paper to $44.00 and set a “buy” rating on the stock in a research report on Thursday, March 14th. TheStreet lowered Clearwater Paper from a “c” rating to a “d” rating in a research report on Wednesday, March 13th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $29.00 price objective on shares of Clearwater Paper in a report on Wednesday, March 13th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Clearwater Paper has a consensus rating of “Hold” and an average target price of $34.25.

Shares of NYSE:CLW opened at $20.61 on Thursday. Clearwater Paper has a 1 year low of $18.95 and a 1 year high of $40.85. The company has a market cap of $337.24 million, a PE ratio of 8.08, a price-to-earnings-growth ratio of 9.84 and a beta of 1.75. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.40 and a current ratio of 0.99.

Hedge funds have recently made changes to their positions in the business. Algert Global LLC lifted its holdings in Clearwater Paper by 83.5% in the 3rd quarter. Algert Global LLC now owns 23,088 shares of the basic materials company’s stock valued at $686,000 after purchasing an additional 10,504 shares in the last quarter. Prudential Financial Inc. lifted its holdings in Clearwater Paper by 25.8% in the 3rd quarter. Prudential Financial Inc. now owns 162,798 shares of the basic materials company’s stock valued at $4,835,000 after purchasing an additional 33,340 shares in the last quarter. Man Group plc purchased a new position in Clearwater Paper in the 3rd quarter valued at $255,000. Pictet Asset Management Ltd. lifted its holdings in 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 purchasing an additional 189,477 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund purchased a new position in Clearwater Paper in the 4th quarter valued at $153,000. Institutional investors own 87.91% of the company’s stock.

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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