Analysts Anticipate Clearwater Paper Corp (CLW) to Post $0.45 EPS

Wall Street analysts expect Clearwater Paper Corp (NYSE:CLW) to post $0.45 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Clearwater Paper’s earnings, with the lowest EPS estimate coming in at $0.41 and the highest estimate coming in at $0.48. Clearwater Paper reported earnings per share of $0.87 during the same quarter last year, which suggests a negative year over year growth rate of 48.3%. The firm is scheduled to report its next earnings report on Monday, February 4th.

According to Zacks, analysts expect that Clearwater Paper will report full-year earnings of $2.54 per share for the current fiscal year, with EPS estimates ranging from $2.50 to $2.57. For the next financial year, analysts anticipate that the business will post earnings of $1.37 per share, with EPS estimates ranging from $1.08 to $1.66. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Clearwater Paper.

Clearwater Paper (NYSE:CLW) last issued its quarterly earnings data on Thursday, November 8th. The basic materials company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.85. The firm had revenue of $426.46 million during the quarter, compared to the consensus estimate of $434.38 million. Clearwater Paper had a net margin of 7.21% and a return on equity of 8.27%. During the same quarter in the previous year, the firm posted $0.32 EPS.

Several research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Clearwater Paper from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a report on Friday, November 9th. ValuEngine raised shares of Clearwater Paper from a “sell” rating to a “hold” rating in a report on Tuesday, November 20th. Finally, Royal Bank of Canada dropped their target price on shares of Clearwater Paper from $32.00 to $31.00 and set a “sector perform” rating for the company in a report on Friday, November 9th.

Clearwater Paper stock traded down $1.07 during mid-day trading on Friday, hitting $27.21. The stock had a trading volume of 85,520 shares, compared to its average volume of 125,367. The company has a market capitalization of $465.15 million, a P/E ratio of 11.73, a P/E/G ratio of 2.25 and a beta of 1.35. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.51 and a current ratio of 1.10. Clearwater Paper has a one year low of $21.55 and a one year high of $50.60.

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. lifted its stake in Clearwater Paper by 4.7% in the 3rd quarter. BlackRock Inc. now owns 2,435,673 shares of the basic materials company’s stock worth $72,339,000 after purchasing an additional 108,439 shares in the last quarter. First Sabrepoint Capital Management LP purchased a new stake in Clearwater Paper in the 3rd quarter worth $13,286,000. Pictet Asset Management Ltd. lifted its stake in Clearwater Paper by 73.6% in the 3rd quarter. Pictet Asset Management Ltd. now owns 446,849 shares of the basic materials company’s stock worth $13,271,000 after purchasing an additional 189,477 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Clearwater Paper by 19.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 257,677 shares of the basic materials company’s stock worth $5,953,000 after purchasing an additional 41,418 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Clearwater Paper by 3.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 203,032 shares of the basic materials company’s stock worth $6,031,000 after purchasing an additional 7,254 shares in the last quarter. 87.38% of the stock is owned by institutional investors.

About Clearwater Paper

Clearwater Paper Corporation produces and sells produces and sells private label tissue and bleached paperboard products in the United States and internationally. It operates in two segments, Consumer Products, and Pulp and Paperboard. The Consumer Products segment manufactures and sells a line of at-home tissue products, including bathroom tissues, paper towels, facial tissues, and napkins; recycled fiber value grade products; and away-from-home products, such as conventional one- and two-ply bath tissues, two-ply paper towels, hard wound towels, and dispenser napkins.

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