P H Glatfelter Co (GLT) Expected to Post Earnings of $0.34 Per Share

Wall Street brokerages predict that P H Glatfelter Co (NYSE:GLT) will announce earnings of $0.34 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for P H Glatfelter’s earnings, with estimates ranging from $0.28 to $0.40. P H Glatfelter posted earnings of $0.39 per share in the same quarter last year, which would suggest a negative year over year growth rate of 12.8%. The business is scheduled to issue its next quarterly earnings report on Tuesday, May 1st.

On average, analysts expect that P H Glatfelter will report full-year earnings of $1.34 per share for the current financial year, with EPS estimates ranging from $1.19 to $1.49. For the next financial year, analysts anticipate that the business will post earnings of $1.61 per share, with EPS estimates ranging from $1.42 to $1.80. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover P H Glatfelter.

P H Glatfelter (NYSE:GLT) last issued its earnings results on Tuesday, February 6th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.02. The business had revenue of $399.92 million for the quarter, compared to analysts’ expectations of $392.23 million. P H Glatfelter had a return on equity of 7.48% and a net margin of 0.50%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.40 EPS.

GLT has been the topic of a number of recent research reports. Zacks Investment Research cut P H Glatfelter from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. ValuEngine upgraded P H Glatfelter from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Finally, TheStreet upgraded P H Glatfelter from a “c+” rating to a “b-” rating in a report on Tuesday, December 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $21.58.

Hedge funds have recently modified their holdings of the company. Schwab Charles Investment Management Inc. grew its holdings in shares of P H Glatfelter by 7.7% during the third 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. Prudential Financial Inc. grew its holdings in shares of P H Glatfelter by 9.1% during the third quarter. Prudential Financial Inc. now owns 259,563 shares of the basic materials company’s stock valued at $5,049,000 after buying an additional 21,680 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of P H Glatfelter by 26.1% during the third 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. State Street Corp grew its holdings in shares of P H Glatfelter by 5.2% during the second quarter. State Street Corp now owns 1,137,626 shares of the basic materials company’s stock valued at $22,230,000 after buying an additional 55,950 shares in the last quarter. Finally, First Manhattan Co. grew its holdings in shares of P H Glatfelter by 31.4% during the third quarter. First Manhattan Co. now owns 613,383 shares of the basic materials company’s stock valued at $11,930,000 after buying an additional 146,530 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Shares of P H Glatfelter (NYSE GLT) traded up $0.50 during midday trading on Wednesday, hitting $20.55. The company had a trading volume of 338,505 shares, compared to its average volume of 183,752. The company has a quick ratio of 0.94, a current ratio of 1.70 and a debt-to-equity ratio of 0.65. The firm has a market cap of $858.65, a PE ratio of 120.88, a price-to-earnings-growth ratio of 2.94 and a beta of 1.38. P H Glatfelter has a twelve month low of $16.53 and a twelve month high of $24.20.

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Wednesday, January 3rd were issued a dividend of $0.13 per share. The ex-dividend date was Tuesday, January 2nd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.53%. P H Glatfelter’s dividend payout ratio is 305.88%.

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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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