Equities research analysts expect that Clearwater Paper Corp (NYSE:CLW) will announce $0.61 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for Clearwater Paper’s earnings, with the lowest EPS estimate coming in at $0.41 and the highest estimate coming in at $0.81. Clearwater Paper posted earnings per share of $0.87 during the same quarter last year, which would indicate a negative year-over-year growth rate of 29.9%. The business is scheduled to issue its next earnings results on Monday, February 4th.

On average, analysts expect that Clearwater Paper will report full year earnings of $1.87 per share for the current year, with EPS estimates ranging from $1.68 to $2.06. For the next financial year, analysts expect that the firm will post earnings of $1.52 per share, with EPS estimates ranging from $1.08 to $1.95. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Clearwater Paper.

Clearwater Paper (NYSE:CLW) last released its earnings results on Thursday, November 8th. The basic materials company reported $1.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.85. The company had revenue of $426.46 million for the quarter, compared to analyst estimates of $434.38 million. Clearwater Paper had a net margin of 7.21% and a return on equity of 8.27%. During the same period in the prior year, the business earned $0.32 EPS.

CLW has been the topic of a number of analyst reports. ValuEngine upgraded shares of Clearwater Paper from a “strong sell” rating to a “sell” rating in a report on Thursday, August 23rd. Zacks Investment Research lowered shares of Clearwater Paper from a “buy” rating to a “hold” rating in a report on Monday. Finally, Royal Bank of Canada reduced their price objective on shares of Clearwater Paper from $32.00 to $31.00 and set a “sector perform” rating on the stock in a report on Friday, November 9th.

Clearwater Paper stock traded up $0.64 during mid-day trading on Thursday, reaching $26.50. 95,393 shares of the company’s stock were exchanged, compared to its average volume of 163,224. Clearwater Paper has a twelve month low of $21.55 and a twelve month high of $50.60. The firm has a market cap of $421.56 million, a PE ratio of 11.42, a price-to-earnings-growth ratio of 2.74 and a beta of 1.29. The company has a quick ratio of 0.51, a current ratio of 1.10 and a debt-to-equity ratio of 1.07.

Institutional investors and hedge funds have recently made changes to their positions in the company. Strs Ohio raised its holdings in shares of Clearwater Paper by 58.5% in the 2nd quarter. Strs Ohio now owns 32,800 shares of the basic materials company’s stock valued at $757,000 after purchasing an additional 12,100 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Clearwater Paper in the 2nd quarter valued at $277,000. BlueMountain Capital Management LLC grew its position in shares of Clearwater Paper by 23,521.8% in the 2nd quarter. BlueMountain Capital Management LLC now owns 153,778 shares of the basic materials company’s stock valued at $3,552,000 after buying an additional 153,127 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of Clearwater Paper by 108.7% in the 2nd quarter. Acadian Asset Management LLC now owns 79,864 shares of the basic materials company’s stock valued at $1,845,000 after buying an additional 41,601 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of Clearwater Paper by 209.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,360 shares of the basic materials company’s stock valued at $101,000 after buying an additional 2,953 shares during the last quarter. Institutional investors and hedge funds own 88.43% of the company’s stock.

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.

Featured Article: Reverse Stock Split

Get a free copy of the Zacks research report on Clearwater Paper (CLW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Clearwater Paper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clearwater Paper and related companies with MarketBeat.com's FREE daily email newsletter.