Glatfelter (NYSE:GLT) will issue its quarterly earnings data before the market opens on Tuesday, August 1st. Analysts expect the company to announce earnings of $0.08 per share for the quarter.
Glatfelter (NYSE:GLT) last released its quarterly earnings data on Tuesday, May 2nd. The basic materials company reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.02. The company had revenue of $390.70 million during the quarter, compared to the consensus estimate of $400.65 million. Glatfelter had a net margin of 1.06% and a return on equity of 9.15%. Glatfelter’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.37 EPS. On average, analysts expect Glatfelter to post $1.27 EPS for the current fiscal year and $1.54 EPS for the next fiscal year.
Shares of Glatfelter (GLT) opened at 20.39 on Friday. Glatfelter has a 12-month low of $17.50 and a 12-month high of $25.59. The firm has a market cap of $888.15 million, a P/E ratio of 53.24 and a beta of 1.31. The firm has a 50-day moving average of $19.65 and a 200-day moving average of $20.98.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 1st. Shareholders of record on Monday, July 3rd will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Thursday, June 29th. Glatfelter’s payout ratio is currently 140.54%.
A number of equities analysts have issued reports on the stock. BMO Capital Markets upgraded shares of Glatfelter from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $23.00 to $24.00 in a research report on Monday, May 15th. TheStreet cut shares of Glatfelter from a “b-” rating to a “c” rating in a research report on Monday, June 12th. Zacks Investment Research upgraded shares of Glatfelter from a “sell” rating to a “hold” rating in a research report on Tuesday, April 25th. Finally, ValuEngine upgraded shares of Glatfelter from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $22.69.
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.
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