Wall Street analysts expect that Clearwater Paper Corporation (NYSE:CLW) will announce sales of $439.85 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Clearwater Paper Corporation’s earnings. The lowest sales estimate is $437.00 million and the highest is $442.71 million. Clearwater Paper Corporation reported sales of $435.32 million during the same quarter last year, which would suggest a positive year over year growth rate of 1%. The business is scheduled to report its next earnings report on Thursday, October 19th.

On average, analysts expect that Clearwater Paper Corporation will report full year sales of $439.85 million for the current fiscal year, with estimates ranging from $1.73 billion to $1.74 billion. For the next financial year, analysts forecast that the firm will report sales of $1.74 billion per share, with estimates ranging from $1.71 billion to $1.77 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Clearwater Paper Corporation.

Clearwater Paper Corporation (NYSE:CLW) last announced its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.08. The firm had revenue of $429.70 million during the quarter, compared to analysts’ expectations of $439.33 million. Clearwater Paper Corporation had a net margin of 1.49% and a return on equity of 7.74%. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.37 earnings per share.

A number of research firms have issued reports on CLW. Royal Bank Of Canada cut their price objective on shares of Clearwater Paper Corporation from $63.00 to $60.00 and set a “sector perform” rating for the company in a report on Friday, August 4th. Zacks Investment Research downgraded shares of Clearwater Paper Corporation from a “buy” rating to a “hold” rating in a report on Tuesday. BidaskClub downgraded shares of Clearwater Paper Corporation from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Finally, Vertical Research raised shares of Clearwater Paper Corporation from a “hold” rating to a “buy” rating in a report on Monday, April 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $60.50.

Clearwater Paper Corporation (CLW) opened at 44.95 on Thursday. The firm’s 50-day moving average is $46.96 and its 200-day moving average is $51.60. The company has a market cap of $739.74 million, a PE ratio of 28.98 and a beta of 1.07. Clearwater Paper Corporation has a 52 week low of $43.60 and a 52 week high of $68.40.

In other news, insider Michael S. Gadd sold 1,546 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $50.04, for a total transaction of $77,361.84. Following the completion of the sale, the insider now owns 17,464 shares of the company’s stock, valued at approximately $873,898.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael S. Gadd sold 877 shares of the company’s stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $50.01, for a total transaction of $43,858.77. Following the sale, the insider now directly owns 19,010 shares of the company’s stock, valued at approximately $950,690.10. The disclosure for this sale can be found here. Corporate insiders own 2.41% of the company’s stock.

Several hedge funds have recently modified their holdings of CLW. Norges Bank purchased a new stake in shares of Clearwater Paper Corporation during the fourth quarter worth $12,031,000. Highbridge Capital Management LLC purchased a new stake in shares of Clearwater Paper Corporation during the fourth quarter worth $464,000. Dalton Greiner Hartman Maher & Co. increased its stake in shares of Clearwater Paper Corporation by 2.3% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 282,200 shares of the basic materials company’s stock worth $15,803,000 after buying an additional 6,388 shares during the period. Strs Ohio increased its stake in shares of Clearwater Paper Corporation by 4.2% in the first quarter. Strs Ohio now owns 14,900 shares of the basic materials company’s stock worth $834,000 after buying an additional 600 shares during the period. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Clearwater Paper Corporation during the first quarter worth $328,000. 84.59% of the stock is owned by institutional investors.

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About Clearwater Paper Corporation

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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