Zacks: Analysts Anticipate P H Glatfelter Co (NYSE:GLT) to Post $0.18 Earnings Per Share

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Wall Street brokerages expect that P H Glatfelter Co (NYSE:GLT) will report $0.18 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for P H Glatfelter’s earnings. The lowest EPS estimate is $0.17 and the highest is $0.19. The business is scheduled to report its next earnings results on Tuesday, November 5th.

According to Zacks, analysts expect that P H Glatfelter will report full-year earnings of $0.72 per share for the current fiscal year. For the next financial year, analysts forecast that the company will report earnings of $1.05 per share, with EPS estimates ranging from $1.04 to $1.06. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for P H Glatfelter.

P H Glatfelter (NYSE:GLT) last announced its earnings results on Tuesday, July 30th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.19. P H Glatfelter had a negative net margin of 18.24% and a positive return on equity of 3.05%. The business had revenue of $235.70 million for the quarter, compared to analyst estimates of $251.05 million. During the same quarter in the previous year, the firm posted ($0.10) earnings per share. P H Glatfelter’s revenue was up 9.3% compared to the same quarter last year.

GLT has been the topic of a number of research reports. Zacks Investment Research lowered shares of P H Glatfelter from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. ValuEngine lowered shares of P H Glatfelter from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. P H Glatfelter has an average rating of “Buy” and an average price target of $19.50.

In other P H Glatfelter news, Director Nicholas Debenedictis purchased 2,500 shares of the stock in a transaction on Monday, May 20th. The shares were purchased at an average price of $14.81 per share, with a total value of $37,025.00. Following the acquisition, the director now directly owns 82,365 shares of the company’s stock, valued at approximately $1,219,825.65. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders have purchased 12,000 shares of company stock worth $179,725 in the last ninety days. 2.06% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. Boston Partners acquired a new stake in shares of P H Glatfelter in the 1st quarter valued at $1,010,000. Geode Capital Management LLC boosted its stake in shares of P H Glatfelter by 9.2% in the 4th quarter. Geode Capital Management LLC now owns 470,758 shares of the basic materials company’s stock valued at $4,594,000 after purchasing an additional 39,600 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of P H Glatfelter by 142.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 10,087 shares of the basic materials company’s stock valued at $142,000 after purchasing an additional 5,930 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of P H Glatfelter by 0.6% in the 4th quarter. Principal Financial Group Inc. now owns 355,449 shares of the basic materials company’s stock valued at $3,469,000 after purchasing an additional 1,962 shares in the last quarter. Finally, Two Sigma Advisers LP acquired a new stake in shares of P H Glatfelter in the 4th quarter valued at $218,000. 95.60% of the stock is currently owned by hedge funds and other institutional investors.

GLT stock traded down $0.43 on Thursday, reaching $13.27. 128,820 shares of the company were exchanged, compared to its average volume of 243,796. P H Glatfelter has a 12 month low of $9.28 and a 12 month high of $20.40. The company has a fifty day simple moving average of $15.97. The stock has a market capitalization of $602.92 million, a price-to-earnings ratio of 63.43, a PEG ratio of 3.82 and a beta of 1.75. The company has a quick ratio of 1.06, a current ratio of 1.91 and a debt-to-equity ratio of 0.67.

About P H Glatfelter

P. H. Glatfelter Company, together with its subsidiaries, manufactures and sells 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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