Wall Street brokerages expect AptarGroup, Inc. (NYSE:ATR) to report $620.69 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for AptarGroup’s earnings. The lowest sales estimate is $607.00 million and the highest is $638.00 million. AptarGroup reported sales of $620.00 million during the same quarter last year, which indicates a positive year over year growth rate of 0.1%. The business is expected to announce its next earnings report after the market closes on Thursday, July 27th.

According to Zacks, analysts expect that AptarGroup will report full year sales of $620.69 million for the current fiscal year, with estimates ranging from $2.36 billion to $2.41 billion. For the next fiscal year, analysts forecast that the business will report sales of $2.47 billion per share, with estimates ranging from $2.42 billion to $2.57 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover AptarGroup.

AptarGroup (NYSE:ATR) last issued its earnings results on Thursday, April 27th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.02. The company had revenue of $601.30 million during the quarter, compared to analysts’ expectations of $591.69 million. AptarGroup had a return on equity of 16.58% and a net margin of 9.09%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.71 EPS.

A number of research firms have issued reports on ATR. BMO Capital Markets reissued a “hold” rating and set a $92.00 price target on shares of AptarGroup in a research report on Thursday. Deutsche Bank AG reissued a “buy” rating and set a $90.00 price target (up previously from $87.00) on shares of AptarGroup in a research report on Tuesday. KeyCorp restated a “hold” rating on shares of AptarGroup in a research note on Friday, June 23rd. Jefferies Group LLC restated a “hold” rating and set a $77.00 price objective on shares of AptarGroup in a research note on Thursday, June 8th. Finally, Vertical Research cut AptarGroup from a “hold” rating to a “sell” rating in a research note on Monday, May 1st. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $82.60.

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AptarGroup (NYSE:ATR) traded down 0.21% during trading on Friday, reaching $89.51. The company had a trading volume of 271,536 shares. The firm’s 50 day moving average is $87.18 and its 200-day moving average is $79.49. The company has a market capitalization of $5.59 billion, a P/E ratio of 27.03 and a beta of 0.98. AptarGroup has a 12 month low of $70.32 and a 12 month high of $90.79.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 16th. Investors of record on Wednesday, July 26th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Monday, July 24th. AptarGroup’s dividend payout ratio (DPR) is 38.67%.

In other AptarGroup news, Director Stephen J. Hagge sold 27,500 shares of the company’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $79.78, for a total transaction of $2,193,950.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director King W. Harris sold 14,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $85.43, for a total value of $1,196,020.00. Following the sale, the director now owns 189,974 shares in the company, valued at approximately $16,229,478.82. The disclosure for this sale can be found here. In the last quarter, insiders sold 251,726 shares of company stock worth $20,588,098. Insiders own 5.30% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Huntington National Bank raised its position in AptarGroup by 9.5% in the second quarter. Huntington National Bank now owns 2,869 shares of the industrial products company’s stock valued at $249,000 after buying an additional 248 shares during the period. Hemenway Trust Co LLC raised its position in AptarGroup by 5.9% in the second quarter. Hemenway Trust Co LLC now owns 131,752 shares of the industrial products company’s stock valued at $11,444,000 after buying an additional 7,317 shares during the period. Broderick Brian C raised its position in AptarGroup by 0.5% in the second quarter. Broderick Brian C now owns 96,566 shares of the industrial products company’s stock valued at $8,387,000 after buying an additional 473 shares during the period. Farmers & Merchants Investments Inc. raised its position in AptarGroup by 20.0% in the second quarter. Farmers & Merchants Investments Inc. now owns 35,554 shares of the industrial products company’s stock valued at $3,088,000 after buying an additional 5,915 shares during the period. Finally, Page Arthur B raised its position in AptarGroup by 0.5% in the second quarter. Page Arthur B now owns 34,494 shares of the industrial products company’s stock valued at $2,996,000 after buying an additional 185 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

AptarGroup Company Profile

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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Earnings History and Estimates for AptarGroup (NYSE:ATR)

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