Glatfelter (GLT) Receiving Somewhat Favorable News Coverage, Study Shows

Media headlines about Glatfelter (NYSE:GLT) have trended somewhat positive on Sunday, Accern reports. The research firm ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Glatfelter earned a news impact score of 0.06 on Accern’s scale. Accern also assigned news articles about the basic materials company an impact score of 45.170868277318 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Shares of Glatfelter (NYSE GLT) opened at $20.69 on Friday. The stock has a market capitalization of $901.79, a P/E ratio of 16.82, a price-to-earnings-growth ratio of 3.66 and a beta of 1.37. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.70 and a quick ratio of 0.94. Glatfelter has a 52 week low of $16.53 and a 52 week high of $25.59.

Glatfelter (NYSE:GLT) last issued its earnings results on Tuesday, October 31st. The basic materials company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.11. The business had revenue of $413.00 million during the quarter, compared to analyst estimates of $402.74 million. Glatfelter had a return on equity of 7.96% and a net margin of 0.11%. Glatfelter’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 earnings per share. equities analysts expect that Glatfelter will post 1.13 EPS for the current year.

Several research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Glatfelter from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. ValuEngine cut shares of Glatfelter from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, BidaskClub cut shares of Glatfelter from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. Glatfelter currently has an average rating of “Hold” and a consensus target price of $21.25.

In other Glatfelter news, EVP John P. Jacunski sold 6,674 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $20.85, for a total value of $139,152.90. Following the completion of the sale, the executive vice president now owns 57,464 shares of the company’s stock, valued at $1,198,124.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.30% of the stock is owned by corporate insiders.

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Glatfelter Company Profile

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.

Insider Buying and Selling by Quarter for Glatfelter (NYSE:GLT)

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