News stories about Glatfelter (NYSE:GLT) have been trending somewhat positive on Wednesday, according to Accern. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Glatfelter earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave headlines about the basic materials company an impact score of 46.0050930846721 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
A number of brokerages have recently weighed in on GLT. ValuEngine upgraded Glatfelter from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Zacks Investment Research upgraded Glatfelter from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, BidaskClub lowered Glatfelter from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $21.25.
Glatfelter (GLT) opened at $19.46 on Wednesday. Glatfelter has a 52 week low of $16.53 and a 52 week high of $25.59. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.94 and a current ratio of 1.70. The company has a market capitalization of $863.01, a price-to-earnings ratio of 16.10, a price-to-earnings-growth ratio of 3.50 and a beta of 1.39.
Glatfelter (NYSE:GLT) last posted its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.11. Glatfelter had a return on equity of 7.96% and a net margin of 0.11%. The firm had revenue of $413.00 million for the quarter, compared to analyst estimates of $402.74 million. During the same quarter last year, the company earned $0.54 EPS. The company’s revenue was up 2.0% on a year-over-year basis. equities analysts forecast that Glatfelter will post 1.13 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Wednesday, October 11th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, October 10th. This represents a $0.52 dividend on an annualized basis and a yield of 2.67%. Glatfelter’s dividend payout ratio (DPR) is presently 1,733.33%.
In other Glatfelter news, EVP John P. Jacunski sold 6,674 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $20.85, for a total value of $139,152.90. Following the sale, the executive vice president now owns 57,464 shares of the company’s stock, valued at approximately $1,198,124.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.30% of the company’s stock.
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Glatfelter Company Profile
P. H. Glatfelter Company is a manufacturer of specialty papers and fiber-based engineered materials. The Company operates through three business units: Composite Fibers, Advanced Airlaid Materials and Specialty Papers. Its Composite Fibers business unit is engaged in the sale of single-serve tea and coffee filtration papers, non-woven wallcovering materials, metallized papers, composite laminates papers, and various technically special papers, including substrates for electrical applications.
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