Clearwater Paper (NYSE:CLW) Posts Quarterly Earnings Results

Clearwater Paper (NYSE:CLW) announced its quarterly earnings results on Thursday. The basic materials company reported ($1.17) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.84), Zacks reports. Clearwater Paper had a net margin of 0.74% and a return on equity of 4.35%. Clearwater Paper updated its FY 2025 guidance to EPS.

Clearwater Paper Price Performance

Shares of Clearwater Paper stock traded down $3.51 on Friday, hitting $25.57. The company had a trading volume of 215,157 shares, compared to its average volume of 296,149. The business has a 50-day simple moving average of $29.53 and a 200-day simple moving average of $30.29. 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 company has a market cap of $423.69 million, a PE ratio of 29.65 and a beta of 0.35. Clearwater Paper has a 52 week low of $23.97 and a 52 week high of $57.13.

Clearwater Paper declared that its board has initiated a stock repurchase plan on Monday, November 4th that authorizes the company to repurchase $100.00 million in 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 usually a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. 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 price target 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.