AptarGroup (ATR) Announces Quarterly Results
AptarGroup (NYSE:ATR) issued its quarterly earnings data on Monday. The company reported $0.79 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.82 by $0.03, StockRatingsNetwork.com reports. The company had revenue of $670.60 million for the quarter, compared to the consensus estimate of $683.94 million.
Shares of AptarGroup (NYSE:ATR) traded down 0.98% during mid-day trading on Monday, hitting $65.40. 176,048 shares of the company’s stock traded hands. AptarGroup has a 1-year low of $57.40 and a 1-year high of $68.78. The stock has a 50-day moving average of $66.47 and a 200-day moving average of $65.89. The company has a market cap of $4.281 billion and a P/E ratio of 25.02.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, August 20th. Shareholders of record on Wednesday, July 30th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Monday, July 28th.
A number of research firms have recently commented on ATR. Analysts at Zacks reiterated a “neutral” rating on shares of AptarGroup in a research note on Monday, July 7th. They now have a $70.00 price target on the stock. On the ratings front, analysts at Bank of America downgraded shares of AptarGroup from a “neutral” rating to an “underperform” rating in a research note on Friday, June 13th. They now have a $70.00 price target on the stock. Finally, analysts at Macquarie raised their price target on shares of AptarGroup from $64.00 to $67.00 in a research note on Monday, April 28th. One research analyst has 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 stock presently has a consensus rating of “Hold” and an average price target of $68.40.
AptarGroup, Inc, is a global solution provider of a range of packaging delivery solutions primarily for the beauty, personal care, home care, pharmaceutical, food and beverage markets.
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