AptarGroup Inc. (ATR) Updates Q3 Earnings Guidance
AptarGroup Inc. (NYSE:ATR) issued an update on its third quarter earnings guidance on Monday morning. The company provided earnings per share guidance of $0.72-0.77 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.77, Stock Ratings Network reports.
AptarGroup Inc. (NYSE:ATR) traded down 0.98% on Monday, hitting $65.40. The stock had a trading volume of 176,068 shares. AptarGroup Inc. 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.
AptarGroup (NYSE:ATR) last posted its quarterly earnings results on Monday, July 21st. The company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by $0.03. The company had revenue of $670.60 million for the quarter, compared to the consensus estimate of $683.94 million. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. Analysts expect that AptarGroup Inc. will post $3.04 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, August 20th. Investors 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 a related note, 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 analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. AptarGroup presently has an average 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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