P.H. Glatfelter Co. (NYSE:GLT) Receives Consensus Rating of “Buy” from Analysts
Shares of P.H. Glatfelter Co. (NYSE:GLT) have earned a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Brokerages have set a 12 month consensus price target of $23.50 for the company and are expecting that the company will post $0.55 EPS for the current quarter, according to Zacks. Zacks has also assigned P.H. Glatfelter an industry rank of 105 out of 265 based on the ratings given to related companies.
GLT has been the subject of a number of research reports. Deutsche Bank AG restated a “hold” rating on shares of P.H. Glatfelter in a report on Wednesday, June 15th. TheStreet cut shares of P.H. Glatfelter from a “buy” rating to a “hold” rating in a report on Wednesday, July 6th. Finally, Zacks Investment Research upgraded shares of P.H. Glatfelter from a “sell” rating to a “hold” rating in a report on Thursday, August 4th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GLT. PineBridge Investments L.P. raised its position 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 during the period. Envestnet Asset Management Inc. raised its position in P.H. Glatfelter by 11.9% in the first quarter. Envestnet Asset Management Inc. now owns 5,251 shares of the company’s stock worth $109,000 after buying an additional 559 shares during the period. Teacher Retirement System of Texas raised its position 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 during the period. Public Employees Retirement System of Ohio raised its position 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 during the period. Finally, Mason Street Advisors LLC acquired a new position in P.H. Glatfelter during the second quarter worth $166,000. 88.46% of the stock is currently owned by hedge funds and other institutional investors.
P.H. Glatfelter (NYSE:GLT) traded up 0.8676% on Wednesday, hitting $22.2413. 48,352 shares of the stock traded hands. The stock has a 50 day moving average of $21.81 and a 200 day moving average of $20.77. The firm has a market capitalization of $968.54 million, a PE ratio of 14.8275 and a beta of 1.33. P.H. Glatfelter has a 52 week low of $14.09 and a 52 week high of $23.81.
P.H. Glatfelter (NYSE:GLT) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. The business earned $406.40 million during the quarter, compared to analysts’ expectations of $411.22 million. P.H. Glatfelter had a net margin of 4.01% and a return on equity of 9.38%. The business’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period last year, the company posted $0.04 earnings per share. Equities research analysts anticipate that P.H. Glatfelter will post $1.48 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Monday, October 3rd will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Thursday, September 29th. P.H. Glatfelter’s dividend payout ratio (DPR) is 33.33%.
About P.H. Glatfelter
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