Equities analysts expect P H Glatfelter Co (NYSE:GLT) to report sales of $392.96 million for the current quarter, Zacks reports. Two analysts have issued estimates for P H Glatfelter’s earnings, with the lowest sales estimate coming in at $389.87 million and the highest estimate coming in at $396.05 million. P H Glatfelter reported sales of $392.99 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 0%. The business is expected to announce its next quarterly earnings report 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 fiscal year, with estimates ranging from $1.58 billion to $1.59 billion. For the next year, analysts forecast that the business will report 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 analysts that that provide coverage for P H Glatfelter.
P H Glatfelter (NYSE:GLT) last announced its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.11. The firm had revenue of $413.00 million during the quarter, compared to analysts’ expectations of $402.74 million. P H Glatfelter had a net margin of 0.11% and a return on equity of 7.96%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.54 earnings per share.
A number of analysts have recently issued reports on the stock. Zacks Investment Research cut shares of P H Glatfelter from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. ValuEngine cut shares of P H Glatfelter from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, TheStreet upgraded shares of P H Glatfelter from a “c+” rating to a “b-” rating in a research note on Tuesday, December 26th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $19.38.
In other 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 transaction of $139,152.90. Following the completion of the sale, the executive vice president now owns 57,464 shares in the company, valued at approximately $1,198,124.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.30% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of GLT. Victory Capital Management Inc. lifted its stake in shares of P H Glatfelter by 59.2% during the 3rd quarter. Victory Capital Management Inc. now owns 2,380,125 shares of the basic materials company’s stock worth $46,293,000 after buying an additional 885,345 shares during the last quarter. Penn Capital Management Co. Inc. acquired a new stake in P H Glatfelter in the 2nd quarter worth about $3,060,000. First Manhattan Co. raised its stake in P H Glatfelter by 31.4% in the 3rd quarter. First Manhattan Co. now owns 613,383 shares of the basic materials company’s stock worth $11,930,000 after purchasing an additional 146,530 shares in the last quarter. Foundry Partners LLC raised its stake in P H Glatfelter by 35.1% in the 3rd quarter. Foundry Partners LLC now owns 384,180 shares of the basic materials company’s stock worth $7,472,000 after purchasing an additional 99,845 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in P H Glatfelter by 31.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 369,249 shares of the basic materials company’s stock worth $7,217,000 after purchasing an additional 88,078 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.
Shares of P H Glatfelter (GLT) traded up $0.15 during mid-day trading on Friday, reaching $23.20. 177,209 shares of the company’s stock were exchanged, compared to its average volume of 147,343. The firm has a market capitalization of $1,011.20, a PE ratio of 18.86, a P/E/G ratio of 3.39 and a beta of 1.36. The company has a current ratio of 1.70, a quick ratio of 0.94 and a debt-to-equity ratio of 0.65. P H Glatfelter has a 12-month low of $16.53 and a 12-month high of $25.59.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 3rd will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend is Tuesday, January 2nd. P H Glatfelter’s dividend payout ratio is presently 1,733.33%.
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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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