Wall Street brokerages predict that Clearwater Paper Corp (NYSE:CLW) will announce $0.47 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Clearwater Paper Corp’s earnings, with the lowest EPS estimate coming in at $0.44 and the highest estimate coming in at $0.51. Clearwater Paper Corp posted earnings per share of $1.23 during the same quarter last year, which suggests a negative year-over-year growth rate of 61.8%. The company is scheduled to report its next quarterly earnings report on Thursday, July 20th.

On average, analysts expect that Clearwater Paper Corp will report full year earnings of $2.38 per share for the current financial year, with EPS estimates ranging from $1.96 to $2.79. For the next year, analysts expect that the business will report earnings of $4.05 per share, with EPS estimates ranging from $3.78 to $4.32. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Clearwater Paper Corp.

Clearwater Paper Corp (NYSE:CLW) last released its quarterly earnings results on Thursday, April 20th. The basic materials company reported $0.64 EPS for the quarter, missing the Zacks’ consensus estimate of $0.84 by $0.20. The firm had revenue of $437.53 million during the quarter, compared to analyst estimates of $433.26 million. Clearwater Paper Corp had a net margin of 2.86% and a return on equity of 11.85%. Clearwater Paper Corp’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter last year, the firm earned $1.09 earnings per share.

A number of research firms have recently weighed in on CLW. Vertical Research upgraded shares of Clearwater Paper Corp from a “hold” rating to a “buy” rating in a research note on Monday, April 24th. Vetr downgraded shares of Clearwater Paper Corp from a “buy” rating to a “hold” rating and set a $60.00 target price on the stock. in a research report on Tuesday, January 17th. Royal Bank of Canada upgraded shares of Clearwater Paper Corp from an “underperform” rating to a “sector perform” rating and set a $60.00 target price on the stock in a research report on Monday, February 27th. DA Davidson upgraded shares of Clearwater Paper Corp from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 31st. Finally, TheStreet downgraded shares of Clearwater Paper Corp from a “b-” rating to a “c+” rating in a research report on Wednesday, February 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $69.33.

A number of large investors have recently bought and sold shares of the company. Victory Capital Management Inc. increased its stake in Clearwater Paper Corp by 51.6% in the first quarter. Victory Capital Management Inc. now owns 2,159 shares of the basic materials company’s stock valued at $121,000 after buying an additional 735 shares in the last quarter. ClariVest Asset Management LLC acquired a new stake in Clearwater Paper Corp during the first quarter valued at approximately $162,000. US Bancorp DE increased its stake in Clearwater Paper Corp by 1.0% in the first quarter. US Bancorp DE now owns 3,714 shares of the basic materials company’s stock valued at $208,000 after buying an additional 35 shares in the last quarter. Mason Street Advisors LLC increased its stake in Clearwater Paper Corp by 5.4% in the first quarter. Mason Street Advisors LLC now owns 3,850 shares of the basic materials company’s stock valued at $216,000 after buying an additional 196 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its stake in Clearwater Paper Corp by 1.1% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,790 shares of the basic materials company’s stock valued at $245,000 after buying an additional 40 shares in the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Clearwater Paper Corp (NYSE:CLW) traded up 0.22% during trading on Thursday, reaching $45.30. 76,435 shares of the company’s stock were exchanged. The firm has a market cap of $744.32 million, a P/E ratio of 19.79 and a beta of 1.06. The stock’s 50 day moving average price is $52.79 and its 200 day moving average price is $58.45. Clearwater Paper Corp has a 52-week low of $44.30 and a 52-week high of $69.75.

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Clearwater Paper Corp Company Profile

Clearwater Paper Corporation manufactures consumer tissue, away-from-home (AFH) tissue, parent roll tissue, bleached paperboard and pulp at manufacturing facilities across the nation. The Company operates through two segments: Consumer Products segment, and Pulp and Paperboard segment. The Company’s Consumer Products segment manufactures and sells a line of at-home tissue products, as well as AFH products.

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