AptarGroup, Inc. (ATR) Expected to Announce Quarterly Sales of $599.22 Million
Equities research analysts expect AptarGroup, Inc. (NYSE:ATR) to post sales of $599.22 million for the current quarter, Zacks reports. Six analysts have made estimates for AptarGroup’s earnings, with the highest sales estimate coming in at $608.30 million and the lowest estimate coming in at $579.90 million. AptarGroup posted sales of $589.73 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.6%. The firm is scheduled to issue its next quarterly earnings report after the market closes 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 fiscal year, analysts forecast that the company will report sales of $2.49 billion per share, with estimates ranging from $2.43 billion to $2.55 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow AptarGroup.
AptarGroup (NYSE:ATR) last released its earnings results on Thursday, July 27th. The industrial products company reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.05. AptarGroup had a return on equity of 16.91% and a net margin of 9.36%. The company had revenue of $617.75 million for the quarter, compared to analysts’ expectations of $624.74 million. During the same quarter in the previous year, the business posted $0.91 EPS. The business’s revenue for the quarter was down .4% on a year-over-year basis.
A number of research firms have recently commented on ATR. BidaskClub lowered AptarGroup from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Vertical Research raised AptarGroup from a “sell” rating to a “hold” rating and raised their price target for the stock from $70.00 to $77.00 in a research report on Monday, July 31st. Zacks Investment Research raised AptarGroup from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Jefferies Group LLC reaffirmed a “hold” rating and set a $78.00 price target on shares of AptarGroup in a research report on Thursday, August 31st. Finally, KeyCorp reaffirmed 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 assigned a hold rating and one has assigned a buy rating to the company’s stock. AptarGroup currently has a consensus rating of “Hold” and a consensus price target of $81.40.
In related news, Director Monnas Giovanna Kampouri sold 2,000 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $82.13, for a total transaction of $164,260.00. Following the completion of the transaction, the director now directly owns 6,469 shares in the company, valued at $531,298.97. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Gael Touya sold 35,000 shares of the stock in a transaction dated 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 transaction, the insider now owns 33,092 shares of the company’s stock, valued at $2,688,725. The disclosure for this sale can be found here. 5.30% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of the stock. Toronto Dominion Bank grew 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 purchasing an additional 30 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew 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 purchasing an additional 335 shares in the last quarter. Cigna Investments Inc. New bought a new position in AptarGroup in the second quarter valued at approximately $206,000. Fiduciary Management Inc. WI bought a new position in AptarGroup in the first quarter valued at approximately $208,000. Finally, Stewart & Patten Co. LLC bought a new position in AptarGroup in the second quarter valued at approximately $208,000. Institutional investors and hedge funds own 92.08% of the company’s stock.
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AptarGroup (NYSE ATR) opened at 84.71 on Friday. AptarGroup has a 1-year low of $70.32 and a 1-year high of $90.79. The stock has a market cap of $5.31 billion, a PE ratio of 24.91 and a beta of 0.96. The firm’s 50-day moving average price is $82.82 and its 200 day moving average price is $82.27.
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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