Glatfelter (GLT) Announces Quarterly Earnings, Misses Estimates By $0.22 EPS
Glatfelter (NYSE:GLT) released its earnings data on Thursday. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by $0.22, American Banking and Market News reports. The company had revenue of $434.80 million for the quarter, compared to the consensus estimate of $448.52 million.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Glatfelter from a “neutral” rating to an “outperform” rating in a research note on Wednesday, February 5th. They now have a $33.30 price target on the stock. Analysts at Deutsche Bank upgraded shares of Glatfelter from a “hold” rating to a “buy” rating in a research note on Friday, January 31st. They now have a $35.00 price target on the stock.
Shares of Glatfelter (NYSE:GLT) opened at 31.28 on Thursday. Glatfelter has a 52 week low of $17.57 and a 52 week high of $32.00. The stock has a 50-day moving average of $29.15 and a 200-day moving average of $27.44. The company has a market cap of $1.354 billion and a price-to-earnings ratio of 24.13.
P. H. Glatfelter Company (NYSE:GLT) is a manufacturer of specialty papers and fiber-based engineered materials.
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