It’s an appealing income play to consider Glatfelter Corporation (GLT)

After finishing at $2.98 in the prior trading day, Glatfelter Corporation (NYSE: GLT) closed at $2.80, down -6.04%. In other words, the price has decreased by -$0.1800 from its previous closing price. On the day, 938081 shares were traded. GLT stock price reached its highest trading level at $2.9100 during the session, while it also had its lowest trading level at $2.7400.

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Our goal is to gain a better understanding of GLT by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.00 and its Current Ratio is at 1.90. In the meantime, Its Debt-to-Equity ratio is 2.66 whereas as Long-Term Debt/Eq ratio is at 2.49.

Upgrades & Downgrades

On April 20, 2021, BMO Capital Markets Downgraded its rating to Market Perform which previously was Outperform and also lowered its target price recommendation from $21 to $19.

BMO Capital Markets Upgraded its Market Perform to Outperform on May 05, 2017, whereas the target price for the stock was revised from $23 to $24.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 24 when ELDER DAVID C bought 8,800 shares for $3.52 per share. The transaction valued at 31,001 led to the insider holds 90,023 shares of the business.

Laures Wolfgang bought 277,000 shares of GLT for $1,030,994 on Feb 23. The SVP, IGSC and IT now owns 316,568 shares after completing the transaction at $3.72 per share. On Sep 07, another insider, Hackett Darrel H., who serves as the Director of the company, bought 25,000 shares for $4.20 each. As a result, the insider paid 105,000 and bolstered with 36,702 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.09 while its Price-to-Book (P/B) ratio in mrq is 0.40.

Stock Price History:

Over the past 52 weeks, GLT has reached a high of $13.78, while it has fallen to a 52-week low of $2.08. The 50-Day Moving Average of the stock is 3.7052, while the 200-Day Moving Average is calculated to be 4.5090.

Shares Statistics:

The stock has traded on average 511.31K shares per day over the past 3-months and 521.66k shares per day over the last 10 days, according to various share statistics. A total of 44.88M shares are outstanding, with a floating share count of 43.43M. Insiders hold about 2.00% of the company’s shares, while institutions hold 87.80% stake in the company. Shares short for GLT as of Jan 30, 2023 were 1.21M with a Short Ratio of 0.98M, compared to 929.78k on Dec 29, 2022. Therefore, it implies a Short% of Shares Outstanding of 2.70% and a Short% of Float of 3.77%.

Dividends & Splits

In the trailing 12 months, GLT’s forward annual dividend rate was 0.54, compared to 0.56 this year. The stock’s 5-year Average Dividend Yield is 4.75.

Earnings Estimates

Its stock is currently analyzed by 1 different market analysts. On average, analysts expect EPS of $0.05 for the current quarter, with a high estimate of $0.05 and a low estimate of $0.05, while EPS last year was $0.04. The consensus estimate for the next quarter is $0.06, with high estimates of $0.06 and low estimates of $0.06.

Analysts are recommending an EPS of between -$0.22 and -$0.22 for the fiscal current year, implying an average EPS of -$0.22. EPS for the following year is $0.34, with 1 analysts recommending between $0.34 and $0.34.

Revenue Estimates

1 analysts predict $397M in revenue for the current quarter. It ranges from a high estimate of $397M to a low estimate of $397M. As of the current estimate, Glatfelter Corporation’s year-ago sales were $334.46M, an estimated increase of 18.70% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $400.9M, an increase of 5.00% less than the figure of $18.70% in the same quarter last year. There is a high estimate of $400.9M for the next quarter, whereas the lowest estimate is $400.9M.

A total of 1 analysts have provided revenue estimates for GLT’s current fiscal year. The highest revenue estimate was $1.51B, while the lowest revenue estimate was $1.51B, resulting in an average revenue estimate of $1.51B. In the same quarter a year ago, actual revenue was $1.08B, up 39.70% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $1.59B in the next fiscal year. The high estimate is $1.59B and the low estimate is $1.59B. The average revenue growth estimate for next year is up 4.80% from the average revenue estimate for this year.