Clearwater Paper (CLW) Projected to Post Earnings on Thursday

Clearwater Paper (NYSE:CLW) is projected to release 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. Parties that wish to register for the company’s conference call can do so using this link.

Clearwater Paper Stock Performance

Shares of NYSE CLW opened at $31.73 on Thursday. 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 firm’s 50-day moving average price is $29.17 and its two-hundred day moving average price is $31.18. Clearwater Paper has a 52-week low of $23.97 and a 52-week high of $57.13. The stock has a market capitalization of $525.70 million, a P/E ratio of 36.89 and a beta of 0.35.

Clearwater Paper announced that its board has initiated a share 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 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.

Analyst Ratings Changes

Several brokerages have commented on CLW. StockNews.com lowered shares of Clearwater Paper from a “hold” rating to a “sell” rating in a research note 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.