Equities analysts expect P H Glatfelter Co (NYSE:GLT) to report $392.96 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for P H Glatfelter’s earnings. The lowest sales estimate is $389.87 million and the highest is $396.05 million. P H Glatfelter reported sales of $392.99 million in the same quarter last year, which would suggest a negative year over year growth rate of 0%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Tuesday, February 6th.

According to Zacks, analysts expect that P H Glatfelter will report full-year sales of $392.96 million for the current year, with estimates ranging from $1.58 billion to $1.59 billion. For the next year, analysts expect that the firm will post sales of $1.58 billion per share, with estimates ranging from $1.55 billion to $1.61 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow P H Glatfelter.

P H Glatfelter (NYSE:GLT) last posted its earnings results on Tuesday, October 31st. The basic materials company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.11. P H Glatfelter had a net margin of 0.11% and a return on equity of 7.96%. The business 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 posted $0.54 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis.

Several equities research analysts have recently issued reports on GLT shares. Zacks Investment Research raised shares of P H Glatfelter from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 4th. ValuEngine raised shares of P H Glatfelter from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Finally, TheStreet raised shares of P H Glatfelter from a “c+” rating to a “b-” rating in a research note on Tuesday, December 26th. Two 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 company has an average rating of “Hold” and a consensus price target of $19.38.

P H Glatfelter (NYSE GLT) traded up $0.15 during mid-day trading on Friday, hitting $23.20. 177,209 shares of the stock traded hands, compared to its average volume of 147,343. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.94 and a current ratio of 1.70. P H Glatfelter has a twelve month low of $16.53 and a twelve month high of $25.59. The stock has a market cap of $1,011.20, a price-to-earnings ratio of 18.86, a P/E/G ratio of 3.39 and a beta of 1.36.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 3rd will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Tuesday, January 2nd. P H Glatfelter’s dividend payout ratio is presently 1,733.33%.

In related news, EVP John P. Jacunski sold 6,674 shares of the firm’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 transaction, the executive vice president now directly owns 57,464 shares of the company’s stock, valued at approximately $1,198,124.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.30% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. California Public Employees Retirement System lifted its stake in P H Glatfelter by 6.8% in the 3rd quarter. California Public Employees Retirement System now owns 145,156 shares of the basic materials company’s stock valued at $2,823,000 after buying an additional 9,200 shares in the last quarter. NWQ Investment Management Company LLC lifted its stake in P H Glatfelter by 7.7% in the 3rd quarter. NWQ Investment Management Company LLC now owns 1,204,360 shares of the basic materials company’s stock valued at $23,425,000 after buying an additional 86,425 shares in the last quarter. Pinnacle Associates Ltd. lifted its stake in P H Glatfelter by 97.0% in the 3rd quarter. Pinnacle Associates Ltd. now owns 39,200 shares of the basic materials company’s stock valued at $762,000 after buying an additional 19,300 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in P H Glatfelter by 7.7% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 397,703 shares of the basic materials company’s stock valued at $7,736,000 after buying an additional 28,287 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in P H Glatfelter by 26.1% in the 3rd quarter. Wells Fargo & Company MN now owns 69,387 shares of the basic materials company’s stock valued at $1,350,000 after buying an additional 14,358 shares in the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

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About P H 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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