Glatfelter (NYSE:GLT) Receiving Somewhat Positive Media Coverage, Study Finds
Press coverage about Glatfelter (NYSE:GLT) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Glatfelter earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave headlines about the basic materials company an impact score of 46.5880026861929 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- P.H. Glatfelter Co. : GLT-US: Dividend Analysis : July 03rd, 2017 (record date) : By the numbers : August 17, 2017 (finance.yahoo.com)
- S&P 1500 Top 10 Gaining Stocks, Aug. 15 Quick List (fxpips.com)
- P.H. Glatfelter Co. – Value Analysis (NYSE:GLT) : August 15, 2017 (finance.yahoo.com)
- $0.38 Earnings Per Share Expected for Glatfelter (NYSE:GLT) This Quarter (americanbankingnews.com)
A number of research analysts recently commented on the company. Zacks Investment Research upgraded Glatfelter from a “sell” rating to a “hold” rating in a research note on Tuesday, April 25th. ValuEngine downgraded Glatfelter from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. TheStreet downgraded Glatfelter from a “b-” rating to a “c” rating in a research note on Monday, June 12th. Finally, BMO Capital Markets upgraded Glatfelter from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $23.00 to $24.00 in a research note on Monday, May 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. Glatfelter has a consensus rating of “Hold” and an average price target of $22.69.
Shares of Glatfelter (GLT) traded down 0.53% on Friday, reaching $16.87. The company’s stock had a trading volume of 278,837 shares. Glatfelter has a 52 week low of $16.64 and a 52 week high of $25.59. The stock has a 50-day moving average of $18.89 and a 200 day moving average of $20.31. The stock has a market capitalization of $735.25 million, a price-to-earnings ratio of 79.95 and a beta of 1.31.
Glatfelter (NYSE:GLT) last posted its quarterly earnings results on Tuesday, August 1st. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by $0.14. The company had revenue of $387.30 million during the quarter, compared to the consensus estimate of $394.84 million. Glatfelter had a return on equity of 8.32% and a net margin of 0.59%. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.06 earnings per share. On average, analysts expect that Glatfelter will post $1.10 EPS for the current year.
In other Glatfelter news, Director Nicholas Debenedictis bought 5,000 shares of Glatfelter stock in a transaction on Tuesday, August 8th. The shares were purchased at an average cost of $17.62 per share, for a total transaction of $88,100.00. Following the completion of the acquisition, the director now owns 57,935 shares in the company, valued at approximately $1,020,814.70. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Dante C. Parrini bought 5,800 shares of Glatfelter stock in a transaction on Thursday, August 3rd. The shares were acquired at an average price of $17.28 per share, for a total transaction of $100,224.00. Following the completion of the acquisition, the chairman now owns 128,043 shares of the company’s stock, valued at approximately $2,212,583.04. The disclosure for this purchase can be found here. Insiders own 2.30% of the company’s stock.
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P. H. Glatfelter Company is a manufacturer of specialty papers and fiber-based engineered materials. The Company operates through three business units: Composite Fibers, Advanced Airlaid Materials and Specialty Papers. Its Composite Fibers business unit is engaged in the sale of single-serve tea and coffee filtration papers, non-woven wallcovering materials, metallized papers, composite laminates papers, and various technically special papers, including substrates for electrical applications.
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