Free Trial

Stock Repurchase Plan Declared by Clearwater Paper (NYSE:CLW)

Clearwater Paper logo with Basic Materials background

Clearwater Paper (NYSE:CLW - Get Free Report) announced that its board has initiated a share repurchase plan on Monday, November 4th, RTT News reports. The company plans to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes 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 board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

CLW has been the subject of several research analyst reports. Royal Bank of Canada raised shares of Clearwater Paper from a "sector perform" rating to an "outperform" rating and reduced their price objective for the stock from $48.00 to $37.00 in a report on Friday, October 18th. StockNews.com cut Clearwater Paper from a "buy" rating to a "hold" rating in a research report on Thursday, August 8th.

Get Our Latest Research Report on Clearwater Paper

Clearwater Paper Stock Performance

CLW traded down $0.66 during trading on Monday, hitting $25.22. The stock had a trading volume of 855,163 shares, compared to its average volume of 238,807. The firm has a market cap of $419.46 million, a PE ratio of 9.42 and a beta of 0.34. The company has a current ratio of 1.73, a quick ratio of 0.74 and a debt-to-equity ratio of 1.73. Clearwater Paper has a 12 month low of $24.51 and a 12 month high of $57.13. The company has a 50 day simple moving average of $28.88 and a 200-day simple moving average of $40.55.

Clearwater Paper (NYSE:CLW - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The basic materials company reported ($0.42) earnings per share for the quarter. The business had revenue of $586.40 million for the quarter. Clearwater Paper had a return on equity of 11.56% and a net margin of 2.16%.

Clearwater Paper Company Profile

(Get Free Report)

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.

Featured Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should you invest $1,000 in Clearwater Paper right now?

Before you consider Clearwater Paper, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Clearwater Paper wasn't on the list.

While Clearwater Paper currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Investing Strategies To Help Grow Your Retirement Income Cover

Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

’Best Report in 2 Years’: NVIDIA Earnings Crushes Expectations Again
Palantir and the NASDAQ 100: What’s the Next Big Stock Swing for This AI Giant?
Rocket Lab Stock Explodes Higher—What’s Next for This Space Pioneer?

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines