Glatfelter (NYSE:GLT) Releases Earnings Results

Glatfelter (NYSE:GLT) announced its quarterly earnings results on Thursday. The basic materials company reported ($0.33) EPS for the quarter, Zacks reports. The company had revenue of $327.26 million during the quarter. Glatfelter had a negative net margin of 5.71% and a negative return on equity of 14.04%.

Glatfelter Stock Down 5.2 %

NYSE GLT traded down $0.09 during trading hours on Friday, reaching $1.64. 111,277 shares of the company’s stock were exchanged, compared to its average volume of 1,182,772. The company’s 50-day moving average is $1.77 and its two-hundred day moving average is $1.71. Glatfelter has a one year low of $1.25 and a one year high of $3.88. The company has a debt-to-equity ratio of 3.32, a quick ratio of 1.10 and a current ratio of 2.16. The company has a market capitalization of $74.21 million, a price-to-earnings ratio of -0.98 and a beta of 1.73.

Glatfelter Company Profile

Glatfelter Corporation, together with its subsidiaries, engages in the manufacture and sale of engineered materials worldwide. It operates through three segments: Composite Fibers, Airlaid Materials, and Spunlace. The Composite Fibers segment offers food and beverage filtration materials for single-serve coffee and tea products; wallcover base materials for wallpaper manufacturers; metallized products that are used in labels, packaging liners, gift wraps, and other consumer product applications; composite laminates consisting of decorative laminates for use in furniture, household and commercial flooring, and other applications; and specialty engineered products, which are used in electrical energy storage, home, hygiene, and other engineered fiber-based applications.