Clearwater Paper Corp (CLW) Expected to Announce Quarterly Sales of $427.33 Million

Wall Street brokerages forecast that Clearwater Paper Corp (NYSE:CLW) will announce sales of $427.33 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Clearwater Paper’s earnings, with estimates ranging from $424.00 million to $430.66 million. Clearwater Paper posted sales of $437.53 million in the same quarter last year, which suggests a negative year over year growth rate of 2.3%. The business is expected to report its next earnings results on Thursday, April 19th.

On average, analysts expect that Clearwater Paper will report full-year sales of $427.33 million for the current financial year, with estimates ranging from $1.70 billion to $1.76 billion. For the next financial year, analysts expect that the firm will post sales of $1.77 billion per share, with estimates ranging from $1.70 billion to $1.85 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Clearwater Paper.

Clearwater Paper (NYSE:CLW) last posted its quarterly earnings data on Monday, February 5th. The basic materials company reported $0.87 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.01). The company had revenue of $436.70 million for the quarter, compared to analyst estimates of $431.04 million. Clearwater Paper had a return on equity of 7.12% and a net margin of 5.63%. The business’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.82 earnings per share.

CLW has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Clearwater Paper from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 5th. Royal Bank of Canada reduced their price objective on shares of Clearwater Paper from $47.00 to $43.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $43.00.

Clearwater Paper (NYSE CLW) opened at $38.50 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 0.45 and a debt-to-equity ratio of 0.99. The firm has a market cap of $630.78, a price-to-earnings ratio of 17.75, a price-to-earnings-growth ratio of 2.40 and a beta of 1.07. Clearwater Paper has a 12-month low of $33.80 and a 12-month high of $58.00.

In other news, VP Michael S. Gadd sold 5,368 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $37.68, for a total value of $202,266.24. Following the completion of the sale, the vice president now directly owns 11,712 shares in the company, valued at $441,308.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.41% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Elkfork Partners LLC acquired a new stake in shares of Clearwater Paper in the fourth quarter valued at about $113,000. Public Employees Retirement System of Ohio raised its position in shares of Clearwater Paper by 17.2% in the second quarter. Public Employees Retirement System of Ohio now owns 2,861 shares of the basic materials company’s stock valued at $134,000 after buying an additional 420 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Clearwater Paper in the third quarter valued at about $182,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Clearwater Paper in the third quarter valued at about $204,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Clearwater Paper in the third quarter valued at about $256,000. Institutional investors and hedge funds own 87.63% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The original version of this news story can be accessed at

Clearwater Paper 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.

Get a free copy of the Zacks research report on Clearwater Paper (CLW)

For more information about research offerings from Zacks Investment Research, visit

Receive News & Ratings for Clearwater Paper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clearwater Paper and related companies with's FREE daily email newsletter.

Leave a Reply