Glatfelter (NYSE:GLT) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.40 per share for the quarter.

Glatfelter (NYSE:GLT) last released its quarterly earnings results on Tuesday, August 1st. The basic materials company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.14). The business had revenue of $387.30 million for the quarter, compared to the consensus estimate of $394.84 million. Glatfelter had a net margin of 0.59% and a return on equity of 8.32%. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.06 EPS. On average, analysts expect Glatfelter to post $1.15 EPS for the current fiscal year and $1.44 EPS for the next fiscal year.

Glatfelter (NYSE:GLT) opened at 18.82 on Tuesday. The company has a market cap of $820.23 million, a P/E ratio of 89.19 and a beta of 1.34. The stock’s 50 day moving average is $18.60 and its 200-day moving average is $18.93. Glatfelter has a 12-month low of $16.53 and a 12-month high of $25.59.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Wednesday, October 11th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Tuesday, October 10th. Glatfelter’s dividend payout ratio is presently 260.01%.

Several analysts have issued reports on GLT shares. Zacks Investment Research lowered shares of Glatfelter from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 3rd. ValuEngine raised shares of Glatfelter from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, BidaskClub lowered shares of Glatfelter from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Glatfelter has a consensus rating of “Hold” and an average target price of $21.25.

COPYRIGHT VIOLATION WARNING: This story was published by American Banking News and is the property of of American Banking News. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/10/24/glatfelter-glt-set-to-announce-quarterly-earnings-on-tuesday.html.

In related news, Chairman Dante C. Parrini acquired 5,800 shares of the firm’s stock in a transaction on Thursday, August 3rd. The shares were purchased at an average cost of $17.28 per share, for a total transaction of $100,224.00. Following the completion of the acquisition, the chairman now directly owns 128,043 shares in the company, valued at $2,212,583.04. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Nicholas Debenedictis acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was bought at an average price of $17.62 per share, for a total transaction of $88,100.00. Following the completion of the acquisition, the director now owns 57,935 shares of the company’s stock, valued at $1,020,814.70. The disclosure for this purchase can be found here. Corporate insiders own 2.30% of the company’s stock.

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.

Earnings History for Glatfelter (NYSE:GLT)

Receive News & Ratings for Glatfelter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glatfelter and related companies with MarketBeat.com's FREE daily email newsletter.