Glatfelter (NYSE:GLT) has been given a consensus recommendation of “Hold” by the six research firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $24.50.
A number of analysts recently commented on GLT shares. BidaskClub downgraded shares of Glatfelter from a “hold” rating to a “sell” rating in a report on Friday, August 25th. Zacks Investment Research downgraded shares of Glatfelter from a “hold” rating to a “sell” rating in a report on Thursday, November 2nd. Finally, ValuEngine downgraded shares of Glatfelter from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th.
In other Glatfelter news, EVP John P. Jacunski sold 6,674 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $20.85, for a total value of $139,152.90. Following the sale, the executive vice president now owns 57,464 shares of the company’s stock, valued at $1,198,124.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.30% of the stock is owned by corporate insiders.
Shares of Glatfelter (NYSE GLT) opened at $20.69 on Friday. The company has a market cap of $897.46, a PE ratio of 16.90, a P/E/G ratio of 3.68 and a beta of 1.38. Glatfelter has a fifty-two week low of $16.53 and a fifty-two week high of $25.59. The company has a current ratio of 1.70, a quick ratio of 0.94 and a debt-to-equity ratio of 0.65.
Glatfelter (NYSE:GLT) last released its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.11. The firm had revenue of $413.00 million for the quarter, compared to the consensus estimate of $402.74 million. Glatfelter had a net margin of 0.11% and a return on equity of 7.96%. The firm’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.54 earnings per share. analysts forecast that Glatfelter will post 1.13 EPS for the current year.
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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.
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