Analysts Anticipate P H Glatfelter Co (GLT) to Announce $0.04 Earnings Per Share
Analysts predict that P H Glatfelter Co (NYSE:GLT) will post earnings of $0.04 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for P H Glatfelter’s earnings. The highest EPS estimate is $0.04 and the lowest is $0.03. P H Glatfelter posted earnings per share of $0.34 during the same quarter last year, which would indicate a negative year over year growth rate of 88.2%. The company is expected to announce its next earnings results on Tuesday, February 5th.
On average, analysts expect that P H Glatfelter will report full year earnings of $0.13 per share for the current fiscal year, with EPS estimates ranging from $0.12 to $0.13. For the next financial year, analysts anticipate that the firm will post earnings of $0.65 per share, with EPS estimates ranging from $0.57 to $0.72. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for P H Glatfelter.
A number of equities analysts recently weighed in on the stock. ValuEngine raised shares of P H Glatfelter from a “hold” rating to a “buy” rating in a research note on Thursday, September 13th. BMO Capital Markets upped their target price on shares of P H Glatfelter from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Thursday, August 23rd. Sidoti upped their target price on shares of P H Glatfelter from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, October 10th. Zacks Investment Research lowered shares of P H Glatfelter from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 18th. Finally, DA Davidson reduced their target price on shares of P H Glatfelter to $19.00 and set a “buy” rating for the company in a research note on Wednesday, November 7th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $24.00.
NYSE GLT traded down $0.17 on Thursday, reaching $11.87. The company had a trading volume of 546,155 shares, compared to its average volume of 230,757. The firm has a market cap of $527.14 million, a PE ratio of 10.23, a PEG ratio of 19.26 and a beta of 1.09. The company has a current ratio of 2.24, a quick ratio of 1.73 and a debt-to-equity ratio of 1.05. P H Glatfelter has a 1-year low of $11.65 and a 1-year high of $23.85.
P H Glatfelter Company Profile
P. H. Glatfelter Company, together with its subsidiaries, manufactures and sells specialty papers and engineered materials worldwide. The company's Composite Fibers business unit offers food and beverage filtration paper for single-serve coffee and tea products; wall covering base materials for wallpaper manufacturers; metallized products that are used in labels, packaging liners, gift wrap, and other consumer product applications; composite laminate papers for use in production of decorative laminates, furniture, and flooring applications; and special paper products, which are used in electrical energy storage, transport and transmission, wipes, and other engineered fiber-based applications.
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