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.

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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.

Earnings History and Estimates for Glatfelter (NYSE:GLT)

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