Glatfelter Research Coverage Started at BMO Capital Markets (GLT)
Equities researchers at BMO Capital Markets started coverage on shares of Glatfelter (NYSE:GLT) in a research report issued on Thursday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating on the stock.
Shares of Glatfelter (NYSE:GLT) opened at 25.34 on Thursday. Glatfelter has a 1-year low of $22.83 and a 1-year high of $32.00. The stock has a 50-day moving average of $24.4 and a 200-day moving average of $26.34. The company has a market cap of $1.087 billion and a P/E ratio of 16.05.
Glatfelter (NYSE:GLT) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. The company had revenue of $445.30 million for the quarter, compared to the consensus estimate of $481.13 million. During the same quarter in the previous year, the company posted $0.12 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, analysts predict that Glatfelter will post $1.70 earnings per share for the current fiscal year.
P. H. Glatfelter Company (NYSE:GLT) is a manufacturer of specialty papers and fiber-based engineered materials.
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