Glatfelter (GLT) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS
Glatfelter (NYSE:GLT) announced its earnings results on Tuesday. The company reported $0.55 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.57 by $0.02, Analyst Ratings News reports. The company had revenue of $456.60 million for the quarter, compared to the consensus estimate of $457.59 million.
A number of analysts have recently weighed in on GLT shares. Analysts at Zacks downgraded shares of Glatfelter from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 1st. They now have a $30.00 price target on the stock.
Shares of Glatfelter (NYSE:GLT) opened at 28.88 on Tuesday. Glatfelter has a one year low of $15.31 and a one year high of $28.21. The stock’s 50-day moving average is $26.54 and its 200-day moving average is $24.62. The company has a market cap of $1.244 billion and a P/E ratio of 28.88.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 1st. Stockholders of record on Friday, October 4th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Wednesday, October 2nd.
P. H. Glatfelter Company (NYSE:GLT) is a manufacturer of specialty papers and fiber-based engineered materials.
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