Wall Street brokerages expect P H Glatfelter Co (NYSE:GLT) to announce earnings of $0.26 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for P H Glatfelter’s earnings, with estimates ranging from $0.24 to $0.28. P H Glatfelter reported earnings per share of $0.39 during the same quarter last year, which would suggest a negative year-over-year growth rate of 33.3%. The business is scheduled to issue its next earnings report before the market opens on Tuesday, May 1st.
On average, analysts expect that P H Glatfelter will report full year earnings of $1.26 per share for the current year, with EPS estimates ranging from $1.19 to $1.32. For the next year, analysts anticipate that the company will report earnings of $1.59 per share, with EPS estimates ranging from $1.42 to $1.75. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for P H Glatfelter.
P H Glatfelter (NYSE:GLT) last posted its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. The business had revenue of $399.92 million during the quarter, compared to the consensus estimate of $392.23 million. P H Glatfelter had a net margin of 0.50% and a return on equity of 7.42%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.40 earnings per share.
Several research firms have weighed in on GLT. Zacks Investment Research raised shares of P H Glatfelter from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Friday, January 26th. ValuEngine raised shares of P H Glatfelter from a “hold” rating to a “buy” rating in a research note on Tuesday, April 3rd. Finally, TheStreet raised shares of P H Glatfelter from a “c+” rating to a “b-” rating in a research note on Tuesday, December 26th. Two research analysts have rated the stock with a sell rating and two have given a buy rating to the stock. P H Glatfelter has an average rating of “Hold” and an average price target of $21.58.
P H Glatfelter stock traded down $0.19 during mid-day trading on Monday, hitting $21.91. The company’s stock had a trading volume of 73,665 shares, compared to its average volume of 171,602. The company has a quick ratio of 0.96, a current ratio of 1.68 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $965.52, a PE ratio of 18.89, a P/E/G ratio of 3.52 and a beta of 1.28. P H Glatfelter has a 12 month low of $16.53 and a 12 month high of $23.85.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 3rd will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Monday, April 2nd. P H Glatfelter’s dividend payout ratio (DPR) is 44.83%.
Several large investors have recently modified their holdings of GLT. Glenmede Trust Co. NA raised its stake in shares of P H Glatfelter by 8,867.8% during the fourth quarter. Glenmede Trust Co. NA now owns 322,839 shares of the basic materials company’s stock valued at $6,921,000 after acquiring an additional 319,239 shares during the last quarter. NWQ Investment Management Company LLC raised its stake in shares of P H Glatfelter by 18.6% during the fourth quarter. NWQ Investment Management Company LLC now owns 1,428,361 shares of the basic materials company’s stock valued at $30,624,000 after acquiring an additional 224,001 shares during the last quarter. BlackRock Inc. raised its stake in shares of P H Glatfelter by 2.8% during the fourth quarter. BlackRock Inc. now owns 5,486,251 shares of the basic materials company’s stock valued at $117,624,000 after acquiring an additional 151,816 shares during the last quarter. Haverford Trust Co. bought a new position in shares of P H Glatfelter during the fourth quarter valued at about $2,977,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of P H Glatfelter by 70.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 167,511 shares of the basic materials company’s stock valued at $3,591,000 after acquiring an additional 69,203 shares during the last quarter. 91.68% of the stock is owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION WARNING: “P H Glatfelter Co (GLT) Expected to Post Earnings of $0.26 Per Share” was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this report on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://www.dispatchtribunal.com/2018/04/23/p-h-glatfelter-co-glt-expected-to-post-earnings-of-0-26-per-share.html.
About P H Glatfelter
P. H. Glatfelter Company, together with its subsidiaries, manufactures and sells specialty papers and engineered materials worldwide. The company's Composite Fibers business unit offers food and beverage filtration paper for single-serve coffee and tea products; wall covering base materials for wallpaper manufacturers; metallized products that are used in labels, packaging liners, gift wrap, and other consumer product applications; composite laminate papers for use in production of decorative laminates, furniture, and flooring applications; and special paper products, which are used in electrical energy storage, transport and transmission, wipes, and other engineered fiber-based applications.
Get a free copy of the Zacks research report on P H Glatfelter (GLT)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for P H Glatfelter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for P H Glatfelter and related companies with MarketBeat.com's FREE daily email newsletter.