$0.80 Earnings Per Share Expected for AptarGroup, Inc. (ATR) This Quarter
Wall Street brokerages expect AptarGroup, Inc. (NYSE:ATR) to report earnings per share of $0.80 for the current fiscal quarter, Zacks reports. Six analysts have made estimates for AptarGroup’s earnings. The highest EPS estimate is $0.82 and the lowest is $0.78. AptarGroup posted earnings of $0.82 per share in the same quarter last year, which would suggest a negative year over year growth rate of 2.4%. The business is expected to report its next earnings results after the market closes 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 financial year, analysts forecast that the company will report earnings of $3.60 per share, with EPS estimates ranging from $3.23 to $3.75. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for AptarGroup.
AptarGroup (NYSE:ATR) last announced its quarterly earnings data on Thursday, July 27th. The industrial products company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.05. AptarGroup had a return on equity of 16.91% and a net margin of 9.36%. The business had revenue of $617.75 million during the quarter, compared to analysts’ expectations of $624.74 million. During the same period in the previous year, the firm earned $0.91 earnings per share. The firm’s quarterly revenue was down .4% compared to the same quarter last year.
ATR has been the subject of several analyst reports. BidaskClub lowered AptarGroup from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. Deutsche Bank AG reaffirmed a “buy” rating and set a $90.00 target price (up from $87.00) on shares of AptarGroup in a research report on Tuesday, July 18th. BMO Capital Markets reaffirmed a “hold” rating and set a $79.00 target price on shares of AptarGroup in a research report on Sunday, July 2nd. KeyCorp reaffirmed a “hold” rating on shares of AptarGroup in a research report on Friday, June 23rd. Finally, Zacks Investment Research raised AptarGroup from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $81.40.
In other AptarGroup news, insider Gael Touya sold 35,000 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $81.25, for a total transaction of $2,843,750.00. Following the sale, the insider now owns 33,092 shares of the company’s stock, valued at approximately $2,688,725. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Monnas Giovanna Kampouri sold 2,000 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $82.13, for a total transaction of $164,260.00. Following the sale, the director now directly owns 6,469 shares in the company, valued at approximately $531,298.97. The disclosure for this sale can be found here. 5.30% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of the business. Toronto Dominion Bank grew its position in shares of AptarGroup by 1.7% during the 1st quarter. Toronto Dominion Bank now owns 1,771 shares of the industrial products company’s stock valued at $137,000 after purchasing an additional 30 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of AptarGroup by 16.9% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,314 shares of the industrial products company’s stock valued at $178,000 after purchasing an additional 335 shares in the last quarter. Cigna Investments Inc. New purchased a new position in shares of AptarGroup during the 2nd quarter valued at $206,000. Stewart & Patten Co. LLC purchased a new position in shares of AptarGroup during the 2nd quarter valued at $208,000. Finally, Rehmann Capital Advisory Group purchased a new position in shares of AptarGroup during the 2nd quarter valued at $213,000. 92.08% of the stock is currently owned by institutional investors and hedge funds.
Shares of AptarGroup (ATR) traded up 0.44% during midday trading on Thursday, hitting $84.87. The company had a trading volume of 136,711 shares. The stock’s 50-day moving average price is $83.12 and its 200-day moving average price is $82.16. AptarGroup has a one year low of $70.32 and a one year high of $90.79. The stock has a market capitalization of $5.32 billion, a price-to-earnings ratio of 24.96 and a beta of 0.96.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 16th. Shareholders of record on Wednesday, July 26th were paid a dividend of $0.32 per share. The ex-dividend date was Monday, July 24th. This represents a $1.28 dividend on an annualized basis and a yield of 1.51%. AptarGroup’s dividend payout ratio (DPR) 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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