Equities research analysts expect Clearwater Paper Corp (NYSE:CLW) to report $434.38 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Clearwater Paper’s earnings. The lowest sales estimate is $431.75 million and the highest is $437.00 million. Clearwater Paper posted sales of $426.50 million during the same quarter last year, which suggests a positive year-over-year growth rate of 1.8%. The business is scheduled to issue its next earnings results after the market closes on Thursday, November 8th.

According to Zacks, analysts expect that Clearwater Paper will report full-year sales of $1.74 billion for the current financial year, with estimates ranging from $1.73 billion to $1.74 billion. For the next year, analysts expect that the company will report sales of $1.81 billion, with estimates ranging from $1.76 billion to $1.86 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Clearwater Paper.

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

CLW has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Clearwater Paper from a “sell” rating to a “hold” rating in a research note on Wednesday, August 8th. Royal Bank of Canada lowered shares of Clearwater Paper from an “outperform” rating to a “sector perform” rating and increased their target price for the company from $30.00 to $35.00 in a report on Friday, August 24th. They noted that the move was a valuation call. Finally, ValuEngine raised shares of Clearwater Paper from a “strong sell” rating to a “sell” rating in a report on Thursday, September 6th.

A number of large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC boosted its position in Clearwater Paper by 209.9% during the second quarter. Tower Research Capital LLC TRC now owns 4,360 shares of the basic materials company’s stock valued at $101,000 after purchasing an additional 2,953 shares during the last quarter. Riverhead Capital Management LLC boosted its position in Clearwater Paper by 67.7% during the second quarter. Riverhead Capital Management LLC now owns 5,200 shares of the basic materials company’s stock valued at $120,000 after purchasing an additional 2,100 shares during the last quarter. Flinton Capital Management LLC boosted its position in Clearwater Paper by 72.5% during the second quarter. Flinton Capital Management LLC now owns 5,338 shares of the basic materials company’s stock valued at $123,000 after purchasing an additional 2,244 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in Clearwater Paper during the third quarter valued at $217,000. Finally, Sawtooth Solutions LLC acquired a new stake in shares of Clearwater Paper in the third quarter worth about $246,000. Institutional investors own 88.14% of the company’s stock.

CLW traded down $0.64 on Tuesday, hitting $23.67. 196,974 shares of the stock traded hands, compared to its average volume of 131,954. Clearwater Paper has a 52 week low of $21.55 and a 52 week high of $50.60. The company has a quick ratio of 0.36, a current ratio of 0.86 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $389.32 million, a price-to-earnings ratio of 14.26, a P/E/G ratio of 2.53 and a beta of 1.18.

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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