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.
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.
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.
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