Analysts Anticipate AptarGroup, Inc. (NYSE:ATR) Will Post Quarterly Sales of $599.22 Million
Equities analysts predict that AptarGroup, Inc. (NYSE:ATR) will announce sales of $599.22 million for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for AptarGroup’s earnings, with the lowest sales estimate coming in at $579.90 million and the highest estimate coming in at $608.30 million. AptarGroup posted sales of $589.73 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.6%. The company is expected to announce its next quarterly earnings results on Thursday, October 26th.
According to Zacks, analysts expect that AptarGroup will report full year sales of $599.22 million for the current financial year, with estimates ranging from $2.35 billion to $2.41 billion. For the next financial year, analysts expect that the company will post sales of $2.49 billion per share, with estimates ranging from $2.43 billion to $2.55 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover AptarGroup.
AptarGroup (NYSE:ATR) last released its quarterly earnings data on Thursday, July 27th. The industrial products company reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.05. The business 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 company’s revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 earnings per share.
A number of equities analysts recently commented on ATR shares. Deutsche Bank AG reiterated a “buy” rating and set a $90.00 price objective (up previously from $87.00) on shares of AptarGroup in a research report on Tuesday, July 18th. BidaskClub downgraded AptarGroup from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Jefferies Group LLC reiterated a “hold” rating and set a $78.00 price objective (down previously from $81.00) on shares of AptarGroup in a research report on Monday, July 31st. Vertical Research upgraded AptarGroup from a “sell” rating to a “hold” rating and lifted their price objective for the stock from $70.00 to $77.00 in a research report on Monday, July 31st. Finally, BMO Capital Markets reiterated a “hold” rating and set a $92.00 price objective on shares of AptarGroup in a research report on Thursday, July 20th. Three analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $81.83.
In other AptarGroup news, insider Gael Touya sold 35,000 shares of AptarGroup stock in a transaction on Monday, July 31st. The stock was sold at an average price of $81.25, for a total value of $2,843,750.00. Following the sale, the insider now owns 33,092 shares in the company, valued at $2,688,725. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen J. Hagge sold 25,000 shares of AptarGroup stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $85.97, for a total value of $2,149,250.00. Following the completion of the sale, the director now owns 107,700 shares in the company, valued at approximately $9,258,969. The disclosure for this sale can be found here. Insiders sold 143,226 shares of company stock worth $11,874,458 in the last 90 days. Company insiders own 5.30% of the company’s stock.
Large investors have recently bought and sold shares of 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 worth $137,000 after buying an additional 30 shares in the last quarter. 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 in the last quarter. 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 in the last quarter. 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 in the last quarter. Finally, Thompson Investment Management Inc. purchased a new stake in AptarGroup during the first quarter valued at about $204,000. Institutional investors own 90.02% of the company’s stock.
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Shares of AptarGroup (ATR) opened at 82.48 on Thursday. AptarGroup has a 12-month low of $70.32 and a 12-month high of $90.79. The firm’s 50-day moving average is $86.61 and its 200 day moving average is $80.59. The stock has a market capitalization of $5.17 billion, a P/E ratio of 24.26 and a beta of 0.96.
The firm 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 $0.32 dividend. The ex-dividend date is Monday, July 24th. This represents a $1.28 dividend on an annualized basis and a yield of 1.55%. AptarGroup’s dividend payout ratio is currently 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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