Q4 2017 Earnings Estimate for Glatfelter Issued By DA Davidson (GLT)
Glatfelter (NYSE:GLT) – Research analysts at DA Davidson decreased their Q4 2017 earnings per share (EPS) estimates for shares of Glatfelter in a note issued to investors on Tuesday. DA Davidson analyst S. Chercover now anticipates that the basic materials company will post earnings of $0.31 per share for the quarter, down from their prior forecast of $0.37. DA Davidson also issued estimates for Glatfelter’s Q1 2018 earnings at $0.40 EPS, Q2 2018 earnings at $0.12 EPS, Q3 2018 earnings at $0.42 EPS, Q4 2018 earnings at $0.38 EPS and FY2018 earnings at $1.31 EPS.
GLT has been the subject of several other research reports. BidaskClub lowered Glatfelter from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Zacks Investment Research raised Glatfelter from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, ValuEngine raised Glatfelter from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Glatfelter presently has a consensus rating of “Hold” and an average target price of $21.25.
ILLEGAL ACTIVITY NOTICE: “Q4 2017 Earnings Estimate for Glatfelter Issued By DA Davidson (GLT)” was posted by American Banking News and is owned by of American Banking News. If you are reading this news story on another domain, it was stolen and republished in violation of U.S. & international trademark & copyright law. The original version of this news story can be read at https://www.americanbankingnews.com/2017/11/02/q4-2017-earnings-estimate-for-glatfelter-issued-by-da-davidson-glt.html.
Glatfelter (NYSE:GLT) last released its earnings results on Tuesday, October 31st. The basic materials company reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.11. Glatfelter had a net margin of 0.11% and a return on equity of 8.08%. The company had revenue of $413.00 million for the quarter, compared to the consensus estimate of $402.74 million. During the same quarter in the previous year, the company earned $0.54 EPS. Glatfelter’s quarterly revenue was up 2.0% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in Glatfelter by 47,120.4% in the 1st quarter. BlackRock Inc. now owns 5,571,062 shares of the basic materials company’s stock worth $121,116,000 after buying an additional 5,559,264 shares in the last quarter. Vanguard Group Inc. increased its holdings in Glatfelter by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 4,069,825 shares of the basic materials company’s stock worth $79,524,000 after buying an additional 74,857 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Glatfelter by 59.2% in the 3rd quarter. Victory Capital Management Inc. now owns 2,380,125 shares of the basic materials company’s stock worth $46,293,000 after buying an additional 885,345 shares in the last quarter. Northern Trust Corp increased its holdings in Glatfelter by 3.6% in the 2nd quarter. Northern Trust Corp now owns 1,481,567 shares of the basic materials company’s stock worth $28,950,000 after buying an additional 51,067 shares in the last quarter. Finally, LSV Asset Management increased its holdings in Glatfelter by 1.4% in the 2nd quarter. LSV Asset Management now owns 1,297,936 shares of the basic materials company’s stock worth $25,361,000 after buying an additional 17,700 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.
In related news, Director Nicholas Debenedictis purchased 5,000 shares of the stock in a transaction dated Tuesday, August 8th. The stock was purchased at an average price of $17.62 per share, with a total value of $88,100.00. Following the transaction, the director now directly owns 57,935 shares in the company, valued at $1,020,814.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.30% of the stock is owned by insiders.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Wednesday, October 11th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.48%. The ex-dividend date was Tuesday, October 10th. Glatfelter’s dividend payout ratio is presently 1,733.33%.
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.
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.