Somewhat Positive Media Coverage Somewhat Unlikely to Impact Glatfelter (GLT) Share Price
News coverage about Glatfelter (NYSE:GLT) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Glatfelter earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave news articles about the basic materials company an impact score of 45.5959963978879 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Glatfelter (GLT) traded up $0.10 on Friday, reaching $19.89. 128,743 shares of the company’s stock were exchanged, compared to its average volume of 139,579. The company has a quick ratio of 0.94, a current ratio of 1.70 and a debt-to-equity ratio of 0.65. The stock has a market cap of $871.31, a P/E ratio of 15.82, a price-to-earnings-growth ratio of 3.44 and a beta of 1.38. Glatfelter has a 1 year low of $16.53 and a 1 year high of $25.59.
Glatfelter (NYSE:GLT) last posted its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.11. The firm had revenue of $413.00 million for the quarter, compared to the consensus estimate of $402.74 million. Glatfelter had a net margin of 0.11% and a return on equity of 7.96%. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.54 EPS. sell-side analysts forecast that Glatfelter will post 1.13 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Wednesday, October 11th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date was Tuesday, October 10th. Glatfelter’s dividend payout ratio is 1,733.33%.
GLT has been the subject of several research reports. BidaskClub downgraded shares of Glatfelter from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Zacks Investment Research raised shares of Glatfelter from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, ValuEngine raised shares of Glatfelter from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $21.25.
COPYRIGHT VIOLATION NOTICE: This news story was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of U.S. & international copyright legislation. The original version of this news story can be viewed at https://www.thecerbatgem.com/2017/11/18/somewhat-positive-media-coverage-somewhat-unlikely-to-impact-glatfelter-glt-share-price.html.
In other Glatfelter news, EVP John P. Jacunski sold 6,674 shares of Glatfelter stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $20.85, for a total transaction of $139,152.90. Following the transaction, the executive vice president now directly owns 57,464 shares of the company’s stock, valued at approximately $1,198,124.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.30% of the stock is owned by insiders.
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.
Receive News & Stock Ratings for Glatfelter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glatfelter and related stocks with our FREE daily email newsletter.