Equities research analysts expect that P H Glatfelter Co (NYSE:GLT) will report sales of $440.68 million for the current quarter, Zacks reports. Two analysts have provided estimates for P H Glatfelter’s earnings, with estimates ranging from $439.42 million to $441.93 million. P H Glatfelter reported sales of $413.33 million in the same quarter last year, which indicates a positive year over year growth rate of 6.6%. The business is expected to announce its next earnings results on Tuesday, October 30th.

On average, analysts expect that P H Glatfelter will report full year sales of $1.69 billion for the current year, with estimates ranging from $1.69 billion to $1.70 billion. For the next financial year, analysts forecast that the firm will report sales of $1.77 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover P H Glatfelter.

P H Glatfelter (NYSE:GLT) last announced its earnings results on Tuesday, July 31st. The basic materials company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.04). P H Glatfelter had a net margin of 0.02% and a return on equity of 5.83%. The business had revenue of $405.80 million for the quarter, compared to analysts’ expectations of $418.73 million. During the same quarter last year, the business earned ($0.06) EPS. The company’s quarterly revenue was up 4.8% on a year-over-year basis.

GLT has been the subject of several recent research reports. DA Davidson raised P H Glatfelter from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 20th. Zacks Investment Research raised P H Glatfelter from a “strong sell” rating to a “hold” rating in a research note on Monday, June 25th. ValuEngine downgraded P H Glatfelter from a “hold” rating to a “sell” rating in a research note on Tuesday, July 31st. BMO Capital Markets increased their price objective on P H Glatfelter from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday, August 23rd. Finally, Sidoti increased their price objective on P H Glatfelter from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, October 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. P H Glatfelter currently has an average rating of “Hold” and an average price target of $25.67.

A number of hedge funds and other institutional investors have recently bought and sold shares of GLT. Foundry Partners LLC increased its stake in shares of P H Glatfelter by 3.9% in the 3rd quarter. Foundry Partners LLC now owns 326,390 shares of the basic materials company’s stock worth $6,237,000 after acquiring an additional 12,175 shares during the last quarter. California Public Employees Retirement System increased its stake in shares of P H Glatfelter by 5.4% in the 2nd quarter. California Public Employees Retirement System now owns 151,758 shares of the basic materials company’s stock worth $2,973,000 after acquiring an additional 7,755 shares during the last quarter. Glenmede Trust Co. NA increased its stake in shares of P H Glatfelter by 11.5% in the 2nd quarter. Glenmede Trust Co. NA now owns 359,907 shares of the basic materials company’s stock worth $7,051,000 after acquiring an additional 37,068 shares during the last quarter. Putnam Investments LLC acquired a new stake in shares of P H Glatfelter in the 2nd quarter worth $976,000. Finally, Raymond James & Associates increased its stake in shares of P H Glatfelter by 72.5% in the 2nd quarter. Raymond James & Associates now owns 26,260 shares of the basic materials company’s stock worth $514,000 after acquiring an additional 11,039 shares during the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

NYSE GLT traded down $0.30 during mid-day trading on Monday, hitting $18.37. The stock had a trading volume of 4,984 shares, compared to its average volume of 213,226. P H Glatfelter has a twelve month low of $15.30 and a twelve month high of $23.85. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.99 and a current ratio of 1.79. The company has a market cap of $836.62 million, a P/E ratio of 16.13, a P/E/G ratio of 4.63 and a beta of 1.18.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 1st. Investors of record on Wednesday, October 3rd will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.83%. The ex-dividend date is Tuesday, October 2nd. P H Glatfelter’s dividend payout ratio is currently 44.83%.

About P H Glatfelter

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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