Glatfelter (NYSE:GLT) Issues Earnings Results

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

Glatfelter Stock Down 5.2 %

Shares of GLT traded down $0.09 during mid-day trading on Friday, hitting $1.64. 111,277 shares of the company’s stock were exchanged, compared to its average volume of 1,182,772. The firm has a fifty day moving average of $1.77 and a two-hundred day moving average of $1.71. Glatfelter has a twelve month low of $1.25 and a twelve month high of $3.88. The stock has a market cap of $74.21 million, a price-to-earnings ratio of -0.98 and a beta of 1.73. The company has a quick ratio of 1.10, a current ratio of 2.16 and a debt-to-equity ratio of 3.32.

About Glatfelter

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.