Wall Street brokerages expect that Clearwater Paper Corp (NYSE:CLW) will post earnings per share (EPS) of $0.69 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Clearwater Paper Corp’s earnings, with estimates ranging from $0.62 to $0.75. Clearwater Paper Corp posted earnings of $1.07 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 35.5%. The business is expected to issue its next quarterly earnings results after the market closes on Thursday, April 20th.
According to Zacks, analysts expect that Clearwater Paper Corp will report full year earnings of $3.40 per share for the current fiscal year, with EPS estimates ranging from $3.21 to $3.60. For the next year, analysts anticipate that the business will report earnings of $4.99 per share, with EPS estimates ranging from $4.45 to $5.54. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Clearwater Paper Corp.
Clearwater Paper Corp (NYSE:CLW) last posted its quarterly earnings results on Wednesday, February 8th. The company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.88 by $0.06. Clearwater Paper Corp had a net margin of 2.86% and a return on equity of 11.85%. The firm earned $425.60 million during the quarter, compared to analysts’ expectations of $407.08 million. During the same period last year, the company earned $0.75 EPS. The business’s quarterly revenue was down 1.4% on a year-over-year basis.
Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Clearwater Paper Corp from a “sell” rating to a “hold” rating in a report on Wednesday. Royal Bank of Canada raised shares of Clearwater Paper Corp from an “underperform” rating to a “sector perform” rating and set a $60.00 target price on the stock in a report on Monday, February 27th. Vetr raised shares of Clearwater Paper Corp from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Wednesday, February 22nd. TheStreet downgraded shares of Clearwater Paper Corp from a “b-” rating to a “c+” rating in a report on Wednesday, February 8th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Clearwater Paper Corp in a report on Friday, February 10th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Clearwater Paper Corp has an average rating of “Hold” and a consensus price target of $69.33.
Several hedge funds have recently made changes to their positions in CLW. Stevens Capital Management LP bought a new stake in shares of Clearwater Paper Corp during the third quarter valued at approximately $392,000. Municipal Employees Retirement System of Michigan boosted its stake in shares of Clearwater Paper Corp by 1.1% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,790 shares of the company’s stock valued at $245,000 after buying an additional 40 shares during the period. Rhumbline Advisers boosted its stake in shares of Clearwater Paper Corp by 7.1% in the third quarter. Rhumbline Advisers now owns 27,692 shares of the company’s stock valued at $1,791,000 after buying an additional 1,825 shares during the period. BlackRock Fund Advisors boosted its stake in shares of Clearwater Paper Corp by 7.4% in the third quarter. BlackRock Fund Advisors now owns 1,193,969 shares of the company’s stock valued at $77,214,000 after buying an additional 82,385 shares during the period. Finally, Prudential Financial Inc. boosted its stake in shares of Clearwater Paper Corp by 28.1% in the third quarter. Prudential Financial Inc. now owns 156,866 shares of the company’s stock valued at $10,145,000 after buying an additional 34,400 shares during the period. Hedge funds and other institutional investors own 89.25% of the company’s stock.
Clearwater Paper Corp (NYSE:CLW) traded down 1.81% during mid-day trading on Thursday, hitting $54.20. 40,238 shares of the stock traded hands. Clearwater Paper Corp has a 12-month low of $50.30 and a 12-month high of $69.75. The company has a market cap of $892.29 million, a price-to-earnings ratio of 18.69 and a beta of 1.06. The firm’s 50-day moving average is $55.39 and its 200-day moving average is $60.42.
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Clearwater Paper Corp 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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