Clearwater Paper (CLW) Projected to Post Earnings on Thursday

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

Clearwater Paper Price Performance

Shares of CLW stock opened at $31.73 on Thursday. Clearwater Paper has a twelve month low of $23.97 and a twelve month high of $57.13. The company has a market capitalization of $525.70 million, a PE ratio of 36.89 and a beta of 0.35. The company has a current ratio of 1.78, a quick ratio of 1.13 and a debt-to-equity ratio of 1.72. The firm has a fifty day simple moving average of $29.17 and a 200-day simple moving average of $31.18.

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

Analyst Ratings Changes

A number of brokerages recently commented on CLW. StockNews.com downgraded Clearwater Paper from a “hold” rating to a “sell” rating in a report on Wednesday, November 6th. Royal Bank of Canada reiterated an “outperform” rating and set a $37.00 target price on shares of Clearwater Paper in a research note 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.