Wall Street brokerages predict that P H Glatfelter Co (NYSE:GLT) will report $0.36 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for P H Glatfelter’s earnings, with the highest EPS estimate coming in at $0.39 and the lowest estimate coming in at $0.32. P H Glatfelter posted earnings per share of $0.50 in the same quarter last year, which suggests a negative year over year growth rate of 28%. The firm is scheduled to report its next earnings results on Tuesday, October 30th.
On average, analysts expect that P H Glatfelter will report full year earnings of $0.83 per share for the current fiscal year, with EPS estimates ranging from $0.75 to $0.90. For the next year, analysts anticipate that the firm will post earnings of $1.34 per share. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover P H Glatfelter.
P H Glatfelter (NYSE:GLT) last issued its quarterly earnings results on Tuesday, July 31st. The basic materials company reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.04). The business had revenue of $405.80 million for the quarter, compared to analyst estimates of $418.73 million. P H Glatfelter had a return on equity of 5.83% and a net margin of 0.02%. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.06) EPS.
A number of analysts recently weighed in on GLT shares. Zacks Investment Research cut shares of P H Glatfelter from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 21st. ValuEngine cut shares of P H Glatfelter from a “hold” rating to a “sell” rating in a research note on Monday, August 13th. BMO Capital Markets increased their price target on shares of P H Glatfelter from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Thursday, August 23rd. Sidoti raised their target price on shares of P H Glatfelter from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, DA Davidson upgraded shares of P H Glatfelter from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 20th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. P H Glatfelter currently has a consensus rating of “Hold” and a consensus price target of $25.67.
Several hedge funds have recently added to or reduced their stakes in GLT. SG Americas Securities LLC acquired a new stake in shares of P H Glatfelter in the 1st quarter worth $134,000. UBS Group AG lifted its stake in shares of P H Glatfelter by 182.5% in the 1st quarter. UBS Group AG now owns 8,192 shares of the basic materials company’s stock worth $168,000 after acquiring an additional 5,292 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in shares of P H Glatfelter in the 2nd quarter worth $199,000. Engineers Gate Manager LP acquired a new stake in shares of P H Glatfelter in the 2nd quarter worth $229,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of P H Glatfelter in the 2nd quarter worth $245,000. Institutional investors own 91.69% of the company’s stock.
Shares of NYSE:GLT opened at $17.49 on Friday. The firm has a market cap of $836.62 million, a P/E ratio of 15.08, a price-to-earnings-growth ratio of 4.63 and a beta of 1.18. The company has a quick ratio of 0.99, a current ratio of 1.79 and a debt-to-equity ratio of 0.74. P H Glatfelter has a 1-year low of $15.30 and a 1-year high of $23.85.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 1st. Stockholders of record on Wednesday, October 3rd will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend is Tuesday, October 2nd. P H Glatfelter’s dividend payout ratio (DPR) is presently 44.83%.
P H Glatfelter Company Profile
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.
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