AptarGroup, Inc. (ATR) to Post Q2 2017 Earnings of $0.97 Per Share, KeyCorp Forecasts
AptarGroup, Inc. (NYSE:ATR) – Equities research analysts at KeyCorp lifted their Q2 2017 earnings estimates for AptarGroup in a research note issued on Friday. KeyCorp analyst A. Josephson now expects that the industrial products company will earn $0.97 per share for the quarter, up from their previous estimate of $0.96. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for AptarGroup’s Q3 2017 earnings at $0.87 EPS, Q4 2017 earnings at $0.73 EPS, FY2017 earnings at $3.38 EPS and FY2018 earnings at $3.39 EPS.
AptarGroup (NYSE:ATR) last released its quarterly earnings results on Thursday, April 27th. The industrial products company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. AptarGroup had a return on equity of 16.58% and a net margin of 9.09%. The firm had revenue of $601.30 million during the quarter, compared to the consensus estimate of $591.69 million. During the same quarter in the prior year, the firm posted $0.71 EPS. The business’s revenue was up 3.3% on a year-over-year basis. ILLEGAL ACTIVITY NOTICE: This story was first published by American Banking News and is owned by of American Banking News. If you are reading this story on another website, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this story can be read at https://www.americanbankingnews.com/2017/06/26/aptargroup-inc-atr-to-post-q2-2017-earnings-of-0-97-per-share-keycorp-forecasts.html.
Several other equities research analysts also recently commented on the company. Jefferies Group LLC restated a “hold” rating and set a $77.00 price objective on shares of AptarGroup in a report on Thursday, June 8th. Vertical Group downgraded AptarGroup from a “hold” rating to a “sell” rating and boosted their price objective for the company from $68.00 to $70.00 in a report on Tuesday, May 2nd. Vertical Research downgraded AptarGroup from a “hold” rating to a “sell” rating in a report on Monday, May 1st. Finally, Zacks Investment Research downgraded AptarGroup from a “hold” rating to a “sell” rating in a report on Monday, April 17th. Four equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $77.00.
AptarGroup (NYSE ATR) opened at 86.80 on Monday. AptarGroup has a 52-week low of $70.32 and a 52-week high of $87.68. The firm has a market cap of $5.42 billion, a P/E ratio of 26.22 and a beta of 0.96. The firm’s 50-day moving average price is $84.02 and its 200-day moving average price is $77.37.
In related news, Director Alain Chevassus sold 19,000 shares of the company’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $82.28, for a total transaction of $1,563,320.00. Following the completion of the sale, the director now owns 25,396 shares in the company, valued at $2,089,582.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Robert Kuhn sold 45,000 shares of the company’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $79.78, for a total value of $3,590,100.00. Following the sale, the chief financial officer now owns 34,008 shares of the company’s stock, valued at approximately $2,713,158.24. The disclosure for this sale can be found here. Insiders have sold 251,726 shares of company stock valued at $20,588,098 in the last quarter. 5.30% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the company. Toronto Dominion Bank increased its stake in shares of AptarGroup by 1.7% in the first quarter. Toronto Dominion Bank now owns 1,771 shares of the industrial products company’s stock valued at $137,000 after buying an additional 30 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of AptarGroup by 16.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,314 shares of the industrial products company’s stock valued at $178,000 after buying an additional 335 shares during the period. Independent Portfolio Consultants Inc. increased its stake in shares of AptarGroup by 11.5% in the first quarter. Independent Portfolio Consultants Inc. now owns 2,330 shares of the industrial products company’s stock valued at $179,000 after buying an additional 240 shares during the period. Huntington National Bank increased its stake in shares of AptarGroup by 4.7% in the first quarter. Huntington National Bank now owns 2,621 shares of the industrial products company’s stock valued at $202,000 after buying an additional 117 shares during the period. Finally, Thompson Investment Management Inc. bought a new stake in shares of AptarGroup during the first quarter valued at about $204,000. Institutional investors and hedge funds own 90.11% of the company’s stock.
AptarGroup, Inc is a provider of a range of packaging, dispensing and sealing solutions, primarily for the beauty, personal care, homecare, prescription drug, consumer healthcare, injectables, food and beverage markets. The Company has manufacturing facilities located throughout the world, including North America, Europe, Asia and South America.
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