P.H. Glatfelter Co. (NYSE:GLT) has been assigned an average broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.
Brokerages have set a 12-month consensus target price of $23.50 for the company and are predicting 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 42 out of 265 based on the ratings given to its competitors.
A number of research analysts have recently commented on GLT shares. TheStreet cut P.H. Glatfelter from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th. Zacks Investment Research cut P.H. Glatfelter from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th.
Shares of P.H. Glatfelter (NYSE:GLT) opened at 21.37 on Monday. P.H. Glatfelter has a 12-month low of $14.09 and a 12-month high of $23.81. The firm has a 50 day moving average price of $21.91 and a 200-day moving average price of $21.03. The company has a market cap of $930.60 million, a price-to-earnings ratio of 14.25 and a beta of 1.36.
P.H. Glatfelter (NYSE:GLT) last released its earnings results on Tuesday, August 2nd. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. The firm had revenue of $406.40 million for the quarter, compared to analysts’ expectations of $411.22 million. P.H. Glatfelter had a return on equity of 9.38% and a net margin of 4.01%. The company’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.04 earnings per share. On average, equities analysts expect that P.H. Glatfelter will post $1.48 earnings per share for the current fiscal year.
The company also recently declared 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. The ex-dividend date is Thursday, September 29th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.34%. P.H. Glatfelter’s payout ratio is 33.33%.
Hedge funds have recently made changes to their positions in the stock. PineBridge Investments L.P. raised its stake in P.H. Glatfelter by 3.9% in the second quarter. PineBridge Investments L.P. now owns 5,517 shares of the company’s stock worth $108,000 after buying an additional 208 shares in the last quarter. Teacher Retirement System of Texas raised its stake in P.H. Glatfelter by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 6,070 shares of the company’s stock worth $119,000 after buying an additional 737 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in P.H. Glatfelter by 8.3% in the second quarter. Public Employees Retirement System of Ohio now owns 7,001 shares of the company’s stock worth $137,000 after buying an additional 534 shares in the last quarter. Mason Street Advisors LLC bought a new stake in P.H. Glatfelter during the second quarter worth $166,000. Finally, Genesee Valley Trust Co. raised its stake in P.H. Glatfelter by 2.1% in the second quarter. Genesee Valley Trust Co. now owns 11,106 shares of the company’s stock worth $217,000 after buying an additional 230 shares in the last quarter. Hedge funds and other institutional investors own 89.20% of the company’s stock.
About P.H. Glatfelter
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