Brokerages expect that Glatfelter (NYSE:GLT) will announce sales of $392.96 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Glatfelter’s earnings. The lowest sales estimate is $389.87 million and the highest is $396.05 million. Glatfelter posted sales of $392.99 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 0%. The company is expected to announce its next quarterly earnings report on Tuesday, February 6th.

According to Zacks, analysts expect that Glatfelter will report full-year sales of $392.96 million for the current financial year, with estimates ranging from $1.58 billion to $1.59 billion. For the next year, analysts expect that the firm will report sales of $1.58 billion per share, with estimates ranging from $1.55 billion to $1.61 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Glatfelter.

Glatfelter (NYSE:GLT) last posted its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.39 by $0.11. Glatfelter had a net margin of 0.11% and a return on equity of 7.96%. The company had revenue of $413.00 million for the quarter, compared to analyst estimates of $402.74 million. During the same period in the prior year, the company earned $0.54 earnings per share. The firm’s revenue was up 2.0% on a year-over-year basis.

GLT has been the topic of several recent analyst reports. ValuEngine raised shares of Glatfelter from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Zacks Investment Research raised shares of Glatfelter from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, BidaskClub lowered shares of Glatfelter from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $19.38.

In other news, EVP John P. Jacunski sold 6,674 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $20.85, for a total transaction of $139,152.90. Following the sale, the executive vice president now directly owns 57,464 shares of the company’s stock, valued at approximately $1,198,124.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.30% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. California Public Employees Retirement System boosted its stake in shares of Glatfelter by 6.8% during the 3rd quarter. California Public Employees Retirement System now owns 145,156 shares of the basic materials company’s stock worth $2,823,000 after acquiring an additional 9,200 shares in the last quarter. NWQ Investment Management Company LLC boosted its stake in shares of Glatfelter by 7.7% during the 3rd quarter. NWQ Investment Management Company LLC now owns 1,204,360 shares of the basic materials company’s stock worth $23,425,000 after acquiring an additional 86,425 shares in the last quarter. Pinnacle Associates Ltd. boosted its stake in shares of Glatfelter by 97.0% during the 3rd quarter. Pinnacle Associates Ltd. now owns 39,200 shares of the basic materials company’s stock worth $762,000 after acquiring an additional 19,300 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Glatfelter by 7.7% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 397,703 shares of the basic materials company’s stock worth $7,736,000 after acquiring an additional 28,287 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Glatfelter by 26.1% during the 3rd quarter. Wells Fargo & Company MN now owns 69,387 shares of the basic materials company’s stock worth $1,350,000 after acquiring an additional 14,358 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Shares of Glatfelter (NYSE:GLT) opened at $19.86 on Friday. Glatfelter has a 1-year low of $16.53 and a 1-year high of $25.59. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.70 and a quick ratio of 0.94. The company has a market cap of $865.63, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 3.60 and a beta of 1.36.

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About Glatfelter

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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Earnings History and Estimates for Glatfelter (NYSE:GLT)

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