Clearwater Paper (CLW) Projected to Post Quarterly Earnings on Thursday

Clearwater Paper (NYSE:CLW - Get Free Report) is anticipated to announce 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. Investors interested in registering for the company's conference call can do so using this link.

Clearwater Paper Trading Down 2.7 %

Shares of Clearwater Paper stock traded down $0.87 on Friday, hitting $30.97. 129,539 shares of the company's stock traded hands, compared to its average volume of 258,884. Clearwater Paper has a one year low of $23.97 and a one year high of $57.13. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.78 and a quick ratio of 1.13. The stock has a market capitalization of $513.09 million, a PE ratio of 36.01 and a beta of 0.35. The firm's 50-day moving average price is $29.33 and its two-hundred day moving average price is $30.67.

Clearwater Paper declared that its board has authorized a stock repurchase plan on Monday, November 4th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the basic materials company to buy up to 23.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its stock is undervalued.

Analyst Ratings Changes

CLW has been the subject of several analyst reports. StockNews.com lowered Clearwater Paper from a "hold" rating to a "sell" rating in a research report on Wednesday, November 6th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $37.00 target price on shares of Clearwater Paper in a research note on Tuesday, November 5th.

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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.