Wall Street analysts expect that Clearwater Paper Corp (NYSE:CLW) will announce $434.38 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Clearwater Paper’s earnings, with the highest sales estimate coming in at $437.00 million and the lowest estimate coming in at $431.75 million. Clearwater Paper posted sales of $426.50 million in the same quarter last year, which suggests a positive year over year growth rate of 1.8%. The firm is expected to issue its next earnings report on Thursday, October 18th.

According to Zacks, analysts expect that Clearwater Paper will report full-year sales of $1.74 billion for the current fiscal year, with estimates ranging from $1.73 billion to $1.74 billion. For the next fiscal year, analysts expect that the business will post sales of $1.81 billion per share, with estimates ranging from $1.76 billion to $1.86 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Clearwater Paper.

Clearwater Paper (NYSE:CLW) last posted its quarterly earnings results on Wednesday, August 1st. The basic materials company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.15. Clearwater Paper had a return on equity of 4.95% and a net margin of 5.27%. The business had revenue of $432.10 million for the quarter, compared to analysts’ expectations of $428.15 million.

A number of equities research analysts recently weighed in on the company. ValuEngine upgraded Clearwater Paper from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 23rd. Royal Bank of Canada cut Clearwater Paper from an “outperform” rating to a “sector perform” rating and increased their price target for the company from $30.00 to $35.00 in a research note on Friday, August 24th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded Clearwater Paper from a “sell” rating to a “hold” rating in a research note on Wednesday, August 8th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $36.33.

CLW traded down $0.15 during trading hours on Friday, reaching $28.55. The company’s stock had a trading volume of 92,300 shares, compared to its average volume of 171,198. Clearwater Paper has a 52 week low of $21.55 and a 52 week high of $50.60. The company has a current ratio of 0.86, a quick ratio of 0.36 and a debt-to-equity ratio of 0.97. The stock has a market cap of $482.75 million, a PE ratio of 12.35, a price-to-earnings-growth ratio of 3.14 and a beta of 1.18.

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. increased its position in Clearwater Paper by 9.2% during the 2nd quarter. BlackRock Inc. now owns 2,327,234 shares of the basic materials company’s stock worth $53,759,000 after buying an additional 196,113 shares during the period. Dimensional Fund Advisors LP increased its position in Clearwater Paper by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,395,341 shares of the basic materials company’s stock worth $54,558,000 after buying an additional 9,847 shares during the period. LSV Asset Management increased its position in Clearwater Paper by 0.4% during the 1st quarter. LSV Asset Management now owns 671,820 shares of the basic materials company’s stock worth $26,268,000 after buying an additional 3,000 shares during the period. Schwab Charles Investment Management Inc. increased its position in Clearwater Paper by 19.2% during 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 buying an additional 41,418 shares during the period. Finally, Prudential Financial Inc. increased its position in Clearwater Paper by 14.9% during the 1st quarter. Prudential Financial Inc. now owns 185,118 shares of the basic materials company’s stock worth $7,238,000 after buying an additional 24,050 shares during the period. Hedge funds and other institutional investors own 88.08% of the company’s stock.

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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