Equities research analysts forecast that Clearwater Paper Co. (NYSE:CLW) will announce sales of $426.18 million for the current quarter, according to Zacks. Two analysts have provided estimates for Clearwater Paper’s earnings, with the highest sales estimate coming in at $428.36 million and the lowest estimate coming in at $424.00 million. Clearwater Paper posted sales of $437.53 million during the same quarter last year, which suggests a negative year-over-year growth rate of 2.6%. The company is expected to issue its next earnings report after the market closes on Thursday, April 19th.

On average, analysts expect that Clearwater Paper will report full-year sales of $1.72 billion for the current fiscal year, with estimates ranging from $1.70 billion to $1.74 billion. For the next fiscal year, analysts forecast that the company will post sales of $1.78 billion per share, with estimates ranging from $1.70 billion to $1.86 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Clearwater Paper.

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Clearwater Paper (NYSE:CLW) last issued its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $431.04 million. Clearwater Paper had a return on equity of 7.12% and a net margin of 5.63%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.82 EPS.

Several equities analysts have weighed in on the company. Zacks Investment Research raised Clearwater Paper from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research note on Tuesday, March 27th. ValuEngine cut Clearwater Paper from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Finally, Royal Bank of Canada lowered their target price on Clearwater Paper from $47.00 to $43.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Clearwater Paper has an average rating of “Hold” and an average target price of $42.50.

Shares of CLW opened at $38.50 on Tuesday. The stock has a market capitalization of $620.91, a P/E ratio of 16.59, a P/E/G ratio of 2.57 and a beta of 0.97. Clearwater Paper has a 1-year low of $33.80 and a 1-year high of $57.10. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.45 and a current ratio of 1.08.

In other Clearwater Paper news, VP Michael S. Gadd sold 5,368 shares of Clearwater Paper stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $37.68, for a total transaction of $202,266.24. Following the transaction, the vice president now owns 11,712 shares of the company’s stock, valued at approximately $441,308.16. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.72% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC grew its stake in Clearwater Paper by 86.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 12,454 shares of the basic materials company’s stock valued at $613,000 after acquiring an additional 5,790 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Clearwater Paper by 60.0% during the 3rd quarter. Wells Fargo & Company MN now owns 21,228 shares of the basic materials company’s stock valued at $1,045,000 after buying an additional 7,961 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Clearwater Paper by 223.4% during the 4th quarter. Arizona State Retirement System now owns 27,619 shares of the basic materials company’s stock valued at $1,254,000 after buying an additional 19,080 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of Clearwater Paper during the 4th quarter valued at about $1,337,000. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Clearwater Paper by 5.1% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 162,418 shares of the basic materials company’s stock valued at $8,000,000 after buying an additional 7,874 shares during the last quarter. 87.64% of the stock is currently owned by institutional investors.

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Clearwater Paper Company Profile

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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