Equities analysts expect Clearwater Paper Corp (NYSE:CLW) to post $427.33 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Clearwater Paper’s earnings, with the lowest sales estimate coming in at $424.00 million and the highest estimate coming in at $430.66 million. Clearwater Paper posted sales of $437.53 million in the same quarter last year, which suggests a negative year over year growth rate of 2.3%. The company is scheduled to report its next quarterly earnings report on Thursday, April 19th.
On average, analysts expect that Clearwater Paper will report full year sales of $427.33 million for the current financial year, with estimates ranging from $1.70 billion to $1.76 billion. For the next fiscal year, analysts expect that the firm will report sales of $1.77 billion per share, with estimates ranging from $1.70 billion to $1.85 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Clearwater Paper.
Clearwater Paper (NYSE:CLW) last announced its earnings results on Monday, February 5th. The basic materials company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.01). Clearwater Paper had a net margin of 5.63% and a return on equity of 7.12%. The business had revenue of $436.70 million for the quarter, compared to the consensus estimate of $431.04 million. During the same quarter in the previous year, the company earned $0.82 EPS. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis.
In other Clearwater Paper news, VP Michael S. Gadd sold 5,368 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $37.68, for a total value of $202,266.24. Following the transaction, the vice president now owns 11,712 shares in the company, valued at $441,308.16. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.41% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the company. Elkfork Partners LLC bought a new position in shares of Clearwater Paper in the fourth quarter valued at approximately $113,000. MetLife Investment Advisors LLC bought a new position in shares of Clearwater Paper in the fourth quarter valued at approximately $356,000. Millennium Management LLC lifted its holdings in shares of Clearwater Paper by 61.4% in the fourth quarter. Millennium Management LLC now owns 59,784 shares of the basic materials company’s stock valued at $2,714,000 after purchasing an additional 22,744 shares in the last quarter. Two Sigma Investments LP lifted its holdings in shares of Clearwater Paper by 35.3% in the fourth quarter. Two Sigma Investments LP now owns 72,273 shares of the basic materials company’s stock valued at $3,281,000 after purchasing an additional 18,843 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Clearwater Paper by 57.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 66,477 shares of the basic materials company’s stock valued at $3,018,000 after purchasing an additional 24,232 shares in the last quarter. Institutional investors own 85.41% of the company’s stock.
Shares of Clearwater Paper (NYSE:CLW) traded down $0.40 during trading on Friday, hitting $37.60. The company had a trading volume of 152,480 shares, compared to its average volume of 114,672. Clearwater Paper has a 52 week low of $33.80 and a 52 week high of $58.00. The company has a current ratio of 1.08, a quick ratio of 0.45 and a debt-to-equity ratio of 0.99. The company has a market cap of $629.13, a price-to-earnings ratio of 6.42, a price-to-earnings-growth ratio of 2.39 and a beta of 0.91.
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Clearwater Paper 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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