Brokers Set Expectations for P H Glatfelter Co’s FY2019 Earnings (NYSE:GLT)

P H Glatfelter Co (NYSE:GLT) – Equities researchers at DA Davidson decreased their FY2019 earnings per share estimates for shares of P H Glatfelter in a research note issued to investors on Wednesday, July 31st. DA Davidson analyst S. Chercover now anticipates that the basic materials company will post earnings per share of $0.72 for the year, down from their previous estimate of $0.75. DA Davidson also issued estimates for P H Glatfelter’s FY2020 earnings at $1.04 EPS.

P H Glatfelter (NYSE:GLT) last issued its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $0.19 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.19. P H Glatfelter had a positive return on equity of 3.05% and a negative net margin of 18.24%. The company had revenue of $235.70 million for the quarter, compared to analysts’ expectations of $251.05 million. During the same quarter in the previous year, the firm posted ($0.10) earnings per share. The firm’s quarterly revenue was up 9.3% on a year-over-year basis.

Other analysts have also issued reports about the company. ValuEngine lowered P H Glatfelter from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Zacks Investment Research lowered P H Glatfelter from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $19.50.

Shares of NYSE GLT opened at $14.62 on Monday. P H Glatfelter has a 1 year low of $9.28 and a 1 year high of $20.40. The stock has a market capitalization of $670.08 million, a price-to-earnings ratio of 69.62, a price-to-earnings-growth ratio of 4.16 and a beta of 1.75. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.06 and a current ratio of 1.91. The stock’s 50-day simple moving average is $16.24.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Wednesday, July 3rd were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend was Tuesday, July 2nd. P H Glatfelter’s payout ratio is 247.62%.

In other P H Glatfelter news, Director Nicholas Debenedictis bought 2,500 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were acquired at an average cost of $14.81 per share, with a total value of $37,025.00. Following the completion of the transaction, the director now owns 82,365 shares in the company, valued at $1,219,825.65. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders have bought 12,000 shares of company stock worth $179,725. Corporate insiders own 2.06% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its holdings in shares of P H Glatfelter by 12.5% during the fourth quarter. Bank of New York Mellon Corp now owns 804,021 shares of the basic materials company’s stock worth $7,847,000 after purchasing an additional 89,481 shares during the period. Geode Capital Management LLC lifted its holdings in shares of P H Glatfelter by 9.2% during the fourth quarter. Geode Capital Management LLC now owns 470,758 shares of the basic materials company’s stock worth $4,594,000 after purchasing an additional 39,600 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of P H Glatfelter by 0.6% during the fourth quarter. Principal Financial Group Inc. now owns 355,449 shares of the basic materials company’s stock worth $3,469,000 after purchasing an additional 1,962 shares during the period. Two Sigma Investments LP acquired a new stake in shares of P H Glatfelter during the fourth quarter worth about $317,000. Finally, Two Sigma Advisers LP acquired a new stake in shares of P H Glatfelter during the fourth quarter worth about $218,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

About P H Glatfelter

P. H. Glatfelter Company, together with its subsidiaries, manufactures and sells 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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