AptarGroup, Inc. (ATR) Expected to Post Earnings of $0.80 Per Share
Equities analysts expect AptarGroup, Inc. (NYSE:ATR) to report earnings of $0.80 per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for AptarGroup’s earnings. The lowest EPS estimate is $0.78 and the highest is $0.82. AptarGroup posted earnings per share of $0.82 during the same quarter last year, which would suggest a negative year over year growth rate of 2.4%. The company is expected to issue its next earnings results on Thursday, October 26th.
On average, analysts expect that AptarGroup will report full-year earnings of $3.35 per share for the current year, with EPS estimates ranging from $3.26 to $3.40. For the next year, analysts expect that the business will post earnings of $3.60 per share, with EPS estimates ranging from $3.23 to $3.75. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow AptarGroup.
AptarGroup (NYSE:ATR) last issued its quarterly earnings data on Thursday, July 27th. The industrial products company reported $1.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.05. The company had revenue of $617.75 million for the quarter, compared to the consensus estimate of $624.74 million. AptarGroup had a net margin of 9.36% and a return on equity of 16.91%. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.91 earnings per share.
Several research firms have weighed in on ATR. Jefferies Group LLC reissued a “hold” rating and set a $78.00 target price (down previously from $81.00) on shares of AptarGroup in a research report on Monday, July 31st. Vertical Research raised shares of AptarGroup from a “sell” rating to a “hold” rating and boosted their target price for the stock from $70.00 to $77.00 in a research report on Monday, July 31st. BidaskClub downgraded shares of AptarGroup from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. BMO Capital Markets reissued a “hold” rating and set a $92.00 target price on shares of AptarGroup in a research report on Thursday, July 20th. Finally, KeyCorp reissued a “hold” rating on shares of AptarGroup in a research report on Friday, June 23rd. Three analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. AptarGroup currently has a consensus rating of “Hold” and an average price target of $81.83.
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In other news, Director Alain Chevassus sold 19,000 shares of the company’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $82.28, for a total value of $1,563,320.00. Following the sale, the director now directly owns 25,396 shares of the company’s stock, valued at approximately $2,089,582.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Ursula Saint-Leger sold 50,000 shares of the company’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $81.86, for a total transaction of $4,093,000.00. Following the completion of the sale, the vice president now directly owns 60,042 shares in the company, valued at $4,915,038.12. The disclosure for this sale can be found here. Insiders sold a total of 162,226 shares of company stock worth $13,437,778 over the last ninety days. Insiders own 5.30% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Toronto Dominion Bank increased its stake in 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 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 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 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. acquired a new stake in AptarGroup during the first quarter valued at approximately $204,000. 90.02% of the stock is currently owned by institutional investors and hedge funds.
Shares of AptarGroup (NYSE:ATR) remained flat at $82.74 on Tuesday. 163,316 shares of the company were exchanged. The company has a 50 day moving average of $86.94 and a 200 day moving average of $80.32. The company has a market capitalization of $5.18 billion, a PE ratio of 24.34 and a beta of 0.96. AptarGroup has a 52 week low of $70.32 and a 52 week high of $90.79.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 16th. Shareholders of record on Wednesday, July 26th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Monday, July 24th. AptarGroup’s dividend payout ratio is presently 37.54%.
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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