Glatfelter (NYSE:GLT) Announces Quarterly Earnings Results

Glatfelter (NYSE:GLT) issued its quarterly earnings data on Thursday. The basic materials company reported ($0.33) EPS for the quarter, Zacks reports. Glatfelter had a negative net margin of 5.71% and a negative return on equity of 14.04%. The business had revenue of $327.26 million during the quarter.

Glatfelter Trading Down 5.5 %

GLT stock traded down $0.10 during midday trading on Friday, hitting $1.64. 118,540 shares of the company’s stock were exchanged, compared to its average volume of 1,182,796. The company has a current ratio of 2.16, a quick ratio of 1.10 and a debt-to-equity ratio of 3.32. The stock has a market capitalization of $73.99 million, a PE ratio of -0.98 and a beta of 1.73. The business has a 50-day simple moving average of $1.77 and a two-hundred day simple moving average of $1.71. Glatfelter has a 1-year low of $1.25 and a 1-year high of $3.88.

Glatfelter Company Profile

Glatfelter Corporation, together with its subsidiaries, engages in the manufacture and sale of engineered materials worldwide. It operates through three segments: Composite Fibers, Airlaid Materials, and Spunlace. The Composite Fibers segment offers food and beverage filtration materials for single-serve coffee and tea products; wallcover base materials for wallpaper manufacturers; metallized products that are used in labels, packaging liners, gift wraps, and other consumer product applications; composite laminates consisting of decorative laminates for use in furniture, household and commercial flooring, and other applications; and specialty engineered products, which are used in electrical energy storage, home, hygiene, and other engineered fiber-based applications.