P.H. Glatfelter Co. (NYSE:GLT) Receives Consensus Rating of “Buy” from Analysts
P.H. Glatfelter Co. (NYSE:GLT) has been given a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.
Brokers have set a 12 month consensus price objective of $23.50 for the company and are expecting that the company will post $0.55 earnings per share for the current quarter, according to Zacks. Zacks has also assigned P.H. Glatfelter an industry rank of 105 out of 265 based on the ratings given to its competitors.
GLT has been the subject of a number of research analyst reports. TheStreet lowered shares of P.H. Glatfelter from a “buy” rating to a “hold” rating in a report on Wednesday, July 6th. Zacks Investment Research lowered shares of P.H. Glatfelter from a “hold” rating to a “sell” rating in a report on Thursday, July 21st. Finally, Deutsche Bank AG reaffirmed a “hold” rating on shares of P.H. Glatfelter in a report on Wednesday, June 15th.
Several hedge funds and other institutional investors have recently bought and sold shares of GLT. Silvercrest Asset Management Group LLC raised its position in P.H. Glatfelter by 3.2% in the first quarter. Silvercrest Asset Management Group LLC now owns 1,791,331 shares of the company’s stock worth $37,134,000 after buying an additional 55,514 shares during the period. HBK Investments L P acquired a new position in P.H. Glatfelter during the first quarter worth $383,000. Goldman Sachs Group Inc. raised its position in P.H. Glatfelter by 209.1% in the first quarter. Goldman Sachs Group Inc. now owns 144,313 shares of the company’s stock worth $2,992,000 after buying an additional 97,629 shares during the period. BlackRock Fund Advisors raised its position in P.H. Glatfelter by 1.2% in the first quarter. BlackRock Fund Advisors now owns 2,717,084 shares of the company’s stock worth $56,325,000 after buying an additional 32,658 shares during the period. Finally, First Republic Investment Management Inc. raised its position in P.H. Glatfelter by 71.3% in the first quarter. First Republic Investment Management Inc. now owns 90,815 shares of the company’s stock worth $1,881,000 after buying an additional 37,804 shares during the period. 88.46% of the stock is owned by hedge funds and other institutional investors.
P.H. Glatfelter (NYSE:GLT) traded up 0.8676% during midday trading on Wednesday, reaching $22.2413. 48,352 shares of the company were exchanged. P.H. Glatfelter has a 52 week low of $14.09 and a 52 week high of $23.81. The company has a 50-day moving average of $21.81 and a 200 day moving average of $20.77. The firm has a market capitalization of $968.54 million, a PE ratio of 14.8275 and a beta of 1.33.
P.H. Glatfelter (NYSE:GLT) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. P.H. Glatfelter had a net margin of 4.01% and a return on equity of 9.38%. The business earned $406.40 million during the quarter, compared to analyst estimates of $411.22 million. During the same period last year, the firm posted $0.04 EPS. The company’s revenue was down 1.1% on a year-over-year basis. Equities analysts predict that P.H. Glatfelter will post $1.48 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Investors of record on Monday, October 3rd will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Thursday, September 29th. P.H. Glatfelter’s dividend payout ratio (DPR) is presently 33.33%.
About P.H. Glatfelter
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