P H Glatfelter Co (NYSE:GLT) – Analysts at DA Davidson issued their Q1 2019 earnings per share (EPS) estimates for P H Glatfelter in a note issued to investors on Wednesday, November 7th. DA Davidson analyst S. Chercover expects that the basic materials company will post earnings per share of $0.11 for the quarter. DA Davidson currently has a “Buy” rating and a $19.00 target price on the stock. DA Davidson also issued estimates for P H Glatfelter’s Q2 2019 earnings at $0.17 EPS, Q3 2019 earnings at $0.23 EPS and Q4 2019 earnings at $0.21 EPS.
Several other analysts have also recently commented on the stock. ValuEngine cut shares of P H Glatfelter from a “hold” rating to a “sell” rating in a research note on Tuesday. Zacks Investment Research cut shares of P H Glatfelter from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 18th. Sidoti raised their price objective on shares of P H Glatfelter from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, October 10th. Finally, BMO Capital Markets raised their price objective on shares of P H Glatfelter from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday, August 23rd. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company. P H Glatfelter currently has a consensus rating of “Hold” and an average target price of $24.00.
Shares of NYSE GLT opened at $14.39 on Thursday. The company has a quick ratio of 0.99, a current ratio of 2.24 and a debt-to-equity ratio of 1.05. P H Glatfelter has a 52 week low of $14.09 and a 52 week high of $23.85. The stock has a market capitalization of $661.11 million, a P/E ratio of 12.41, a P/E/G ratio of 3.45 and a beta of 1.17.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 1st. Shareholders of record on Wednesday, October 3rd were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend was Tuesday, October 2nd. P H Glatfelter’s payout ratio is currently 44.83%.
A number of institutional investors and hedge funds have recently made changes to their positions in GLT. UBS Group AG raised its position in P H Glatfelter by 182.5% during the first quarter. UBS Group AG now owns 8,192 shares of the basic materials company’s stock worth $168,000 after acquiring an additional 5,292 shares during the last quarter. Principal Financial Group Inc. raised its position in P H Glatfelter by 2.7% during the first quarter. Principal Financial Group Inc. now owns 334,868 shares of the basic materials company’s stock worth $6,875,000 after acquiring an additional 8,728 shares during the last quarter. Acadian Asset Management LLC acquired a new position in P H Glatfelter during the second quarter worth about $780,000. Mondrian Investment Partners LTD raised its position in P H Glatfelter by 19.3% during the second quarter. Mondrian Investment Partners LTD now owns 230,228 shares of the basic materials company’s stock worth $4,510,000 after acquiring an additional 37,309 shares during the last quarter. Finally, First Interstate Bank raised its position in P H Glatfelter by 29.8% during the second quarter. First Interstate Bank now owns 13,210 shares of the basic materials company’s stock worth $259,000 after acquiring an additional 3,035 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.
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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