Equities analysts expect that Clearwater Paper Corporation (NYSE:CLW) will report $439.85 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Clearwater Paper Corporation’s earnings, with estimates ranging from $437.00 million to $442.71 million. Clearwater Paper Corporation reported sales of $435.32 million in the same quarter last year, which would suggest a positive year over year growth rate of 1%. The business is scheduled to announce its next quarterly earnings results 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 financial year, analysts anticipate that the firm will report sales of $1.74 billion per share, with estimates ranging from $1.71 billion to $1.77 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover 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, topping the Zacks’ consensus estimate of $0.46 by $0.08. Clearwater Paper Corporation had a net margin of 1.49% and a return on equity of 7.74%. The business had revenue of $429.70 million during the quarter, compared to analysts’ expectations of $439.33 million. During the same quarter in the previous year, the company earned $1.37 EPS. The business’s quarterly revenue was down 1.6% compared to the same quarter last year.

CLW has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Clearwater Paper Corporation from a “hold” rating to a “strong sell” rating in a report on Thursday, April 27th. Royal Bank Of Canada cut their target price 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. BidaskClub lowered 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 equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $60.50.

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Clearwater Paper Corporation (CLW) opened at 44.95 on Thursday. The firm has a 50-day moving average of $46.96 and a 200-day moving average of $51.60. Clearwater Paper Corporation has a 1-year low of $43.60 and a 1-year high of $68.40. The stock has a market cap of $739.74 million, a PE ratio of 28.98 and a beta of 1.07.

In related news, insider Michael S. Gadd sold 877 shares of the firm’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 sale, the insider now directly owns 19,010 shares in the company, valued at $950,690.10. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael S. Gadd sold 1,546 shares of the firm’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 sale, the insider now owns 17,464 shares of the company’s stock, valued at $873,898.56. The disclosure for this sale can be found here. Company insiders own 2.41% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. increased its stake in shares of Clearwater Paper Corporation by 17.6% in the second quarter. Victory Capital Management Inc. now owns 2,539 shares of the basic materials company’s stock worth $119,000 after buying an additional 380 shares in the last quarter. Marshall Wace North America L.P. bought a new stake in shares of Clearwater Paper Corporation during the second quarter worth about $216,000. KBC Group NV increased its stake in shares of Clearwater Paper Corporation by 8.1% in the second quarter. KBC Group NV now owns 25,699 shares of the basic materials company’s stock worth $1,201,000 after buying an additional 1,920 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Clearwater Paper Corporation by 46.1% in the second quarter. BNP Paribas Arbitrage SA now owns 6,537 shares of the basic materials company’s stock worth $306,000 after buying an additional 2,064 shares in the last quarter. Finally, Comerica Bank increased its stake in shares of Clearwater Paper Corporation by 12.7% in the second quarter. Comerica Bank now owns 56,350 shares of the basic materials company’s stock worth $2,753,000 after buying an additional 6,330 shares in the last quarter. Institutional investors own 84.59% of the company’s stock.

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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