Clearwater Paper (CLW) Expected to Announce Quarterly Earnings on Thursday

Clearwater Paper (NYSE:CLW) will likely be issuing its quarterly earnings data after the market closes on Thursday, February 13th. Analysts expect the company to announce earnings of ($0.33) per share and revenue of $473.00 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Clearwater Paper Stock Down 0.2 %

NYSE CLW opened at $30.89 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.78 and a debt-to-equity ratio of 1.72. Clearwater Paper has a fifty-two week low of $23.97 and a fifty-two week high of $57.13. The business has a 50 day moving average price of $29.41 and a two-hundred day moving average price of $30.50. The stock has a market cap of $511.81 million, a PE ratio of 35.92 and a beta of 0.35.

Clearwater Paper declared that its Board of Directors has authorized a stock repurchase plan on Monday, November 4th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the basic materials company to repurchase up to 23.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. StockNews.com downgraded shares of Clearwater Paper from a “hold” rating to a “sell” rating in a research note on Wednesday, November 6th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $37.00 target price on shares of Clearwater Paper in a research report on Tuesday, November 5th.

About Clearwater Paper

Clearwater Paper Corporation manufactures and supplies bleached paperboards, and consumer and parent roll tissues in the United States and internationally. It operates through Pulp and Paperboard, and Consumer Products segments. The Pulp and Paperboard segment manufactures and markets bleached paperboard; Solid Bleached Sulfate paperboard that is used to produce folding cartons, liquid packaging, cups and plates, blister and carded packaging, and top sheet and commercial printing items; and hardwood and softwood pulp, as well as offers services that include custom sheeting, slitting, and cutting.