Media stories about Glatfelter (NYSE:GLT) have been trending somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Glatfelter earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned news coverage about the basic materials company an impact score of 46.6369155519825 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Several brokerages have commented on GLT. Zacks Investment Research cut shares of Glatfelter from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. ValuEngine downgraded Glatfelter from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, BidaskClub downgraded Glatfelter from a “hold” rating to a “sell” rating in a report on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. Glatfelter currently has a consensus rating of “Hold” and an average target price of $21.25.
Glatfelter (GLT) traded up $0.02 during trading hours on Friday, reaching $19.80. The company’s stock had a trading volume of 101,300 shares, compared to its average volume of 170,717. The company has a current ratio of 1.70, a quick ratio of 0.94 and a debt-to-equity ratio of 0.65. Glatfelter has a 52 week low of $16.53 and a 52 week high of $25.59. The stock has a market cap of $863.88, a PE ratio of 16.09, a PEG ratio of 3.50 and a beta of 1.38.
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 the Thomson Reuters’ consensus estimate of $0.39 by $0.11. The business had revenue of $413.00 million during the quarter, compared to analysts’ expectations of $402.74 million. Glatfelter had a return on equity of 7.96% and a net margin of 0.11%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.54 EPS. sell-side analysts forecast that Glatfelter will post 1.13 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Wednesday, October 11th were issued a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, October 10th. This represents a $0.52 annualized dividend and a yield of 2.63%. Glatfelter’s dividend payout ratio (DPR) is currently 1,733.33%.
In related news, EVP John P. Jacunski sold 6,674 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $20.85, for a total value of $139,152.90. Following the completion of the sale, the executive vice president now directly 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 can be accessed through the SEC website. 2.30% of the stock is currently owned by insiders.
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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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