Equities analysts forecast that Clearwater Paper Corporation (NYSE:CLW) will post sales of $439.85 million for the current quarter, according to Zacks Investment Research. 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 posted sales of $435.32 million during the same quarter last year, which suggests a positive year-over-year growth rate of 1%. The company is expected to announce its next quarterly earnings report on Thursday, October 19th.

According to Zacks, 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 fiscal year, analysts expect that the firm will post 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 an average based on a survey of research analysts that that provide coverage for Clearwater Paper Corporation.

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

Several research firms have commented on CLW. Zacks Investment Research downgraded Clearwater Paper Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Royal Bank Of Canada dropped their target price on Clearwater Paper Corporation from $63.00 to $60.00 and set a “sector perform” rating on the stock in a report on Friday, August 4th. Finally, BidaskClub downgraded Clearwater Paper Corporation from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Clearwater Paper Corporation has a consensus rating of “Hold” and a consensus price target of $60.50.

Shares of Clearwater Paper Corporation (NYSE:CLW) opened at 46.40 on Friday. The company has a 50-day moving average price of $45.97 and a 200-day moving average price of $48.77. The stock has a market capitalization of $762.49 million, a price-to-earnings ratio of 29.92 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 877 shares of the business’s stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $50.01, for a total value of $43,858.77. Following the completion of the transaction, the insider now owns 19,010 shares in the company, valued at $950,690.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael S. Gadd sold 1,546 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $50.04, for a total value of $77,361.84. Following the completion of the transaction, the insider now owns 17,464 shares of the company’s stock, valued at approximately $873,898.56. The disclosure for this sale can be found here. 2.41% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of CLW. Strs Ohio raised 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 purchasing an additional 600 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Clearwater Paper Corporation in the first quarter worth $328,000. Great West Life Assurance Co. Can raised its stake in shares of Clearwater Paper Corporation by 2.9% in the first quarter. Great West Life Assurance Co. Can now owns 22,796 shares of the basic materials company’s stock worth $1,275,000 after purchasing an additional 649 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Clearwater Paper Corporation by 19.3% in the first quarter. First Trust Advisors LP now owns 31,344 shares of the basic materials company’s stock worth $1,755,000 after purchasing an additional 5,080 shares during the last quarter. Finally, US Bancorp DE raised its stake in shares of Clearwater Paper Corporation by 1.0% in the first quarter. US Bancorp DE now owns 3,714 shares of the basic materials company’s stock worth $208,000 after purchasing an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 84.51% of the company’s stock.

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Clearwater Paper Corporation 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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