Clearwater Paper (CLW) Projected to Post Earnings on Thursday

Clearwater Paper (NYSE:CLW) will likely be announcing its earnings results 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. Persons interested in listening to the company’s earnings conference call can do so using this link.

Clearwater Paper Price Performance

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. The company’s 50-day moving average price is $29.41 and its 200 day moving average price is $30.50. Clearwater Paper has a fifty-two week low of $23.97 and a fifty-two week high of $57.13. The firm has a market cap of $511.81 million, a price-to-earnings ratio of 35.92 and a beta of 0.35.

Clearwater Paper declared that its board has initiated a share buyback plan on Monday, November 4th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the basic materials company to reacquire up to 23.8% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

CLW has been the subject of several recent research reports. StockNews.com lowered shares of Clearwater Paper from a “hold” rating to a “sell” rating in a research report on Wednesday, November 6th. Royal Bank of Canada restated an “outperform” rating and issued 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.