Glatfelter (GLT) Receiving Somewhat Positive Press Coverage, Report Finds
News stories about Glatfelter (NYSE:GLT) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Glatfelter earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news headlines about the basic materials company an impact score of 46.3163320549052 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- Dividend Coverage: This Supplier of Specialty Papers and Engineered Materials has a Dividend Yield of 2.65%; Will Trade Ex-Dividend on October 10, 2017 (finance.yahoo.com)
- Glatfelter Declares Dividend of $0.13 on Common Stock (finance.yahoo.com)
- Trading Check: PPO Reading Above the Signal Line on Shares of Glatfelter (GLT) – Lockport Press (lockportpress.com)
- Noteworthy Friday Option Activity: ALB, LNG, GLT – Nasdaq (nasdaq.com)
Shares of Glatfelter (NYSE:GLT) opened at 19.27 on Friday. Glatfelter has a 1-year low of $16.53 and a 1-year high of $25.59. The company has a market capitalization of $839.84 million, a price-to-earnings ratio of 91.33 and a beta of 1.34. The company’s 50 day moving average price is $17.88 and its 200-day moving average price is $19.16.
Glatfelter (NYSE:GLT) last released its earnings results on Tuesday, August 1st. The basic materials company reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.14). The company had revenue of $387.30 million for the quarter, compared to analysts’ expectations of $394.84 million. Glatfelter had a net margin of 0.59% and a return on equity of 8.32%. Glatfelter’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 earnings per share. On average, equities analysts forecast that Glatfelter will post $1.10 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Wednesday, October 11th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, October 10th. This represents a $0.52 annualized dividend and a yield of 2.70%. Glatfelter’s dividend payout ratio (DPR) is presently 260.01%.
GLT has been the topic of a number of analyst reports. TheStreet lowered Glatfelter from a “b-” rating to a “c” rating in a research note on Monday, June 12th. Zacks Investment Research upgraded Glatfelter from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 5th. ValuEngine upgraded Glatfelter from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, BidaskClub lowered Glatfelter from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Glatfelter currently has a consensus rating of “Hold” and an average target price of $21.25.
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In related news, Chairman Dante C. Parrini bought 5,800 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were bought at an average cost of $17.28 per share, for a total transaction of $100,224.00. Following the completion of the transaction, the chairman now owns 128,043 shares of the company’s stock, valued at $2,212,583.04. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Nicholas Debenedictis bought 5,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were bought at an average price of $17.62 per share, for a total transaction of $88,100.00. Following the completion of the transaction, the director now directly owns 57,935 shares of the company’s stock, valued at approximately $1,020,814.70. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by insiders.
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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