Zacks: Analysts Expect AptarGroup, Inc. (ATR) Will Announce Quarterly Sales of $603.61 Million
Equities analysts expect AptarGroup, Inc. (NYSE:ATR) to report sales of $603.61 million for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for AptarGroup’s earnings. The highest sales estimate is $608.30 million and the lowest is $598.04 million. AptarGroup posted sales of $589.73 million in the same quarter last year, which suggests a positive year over year growth rate of 2.4%. The business is expected 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 $603.61 million for the current fiscal year, with estimates ranging from $2.38 billion to $2.41 billion. For the next year, analysts expect that the firm will post sales of $2.49 billion per share, with estimates ranging from $2.43 billion to $2.55 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow AptarGroup.
AptarGroup (NYSE:ATR) last posted its quarterly earnings results on Thursday, July 27th. The industrial products company reported $1.01 EPS for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.05. AptarGroup had a net margin of 9.36% and a return on equity of 16.91%. The company had revenue of $617.75 million during the quarter, compared to analyst estimates of $624.74 million. During the same period in the prior year, the business posted $0.91 EPS. The firm’s revenue was down .4% compared to the same quarter last year.
A number of brokerages recently issued reports on ATR. Zacks Investment Research upgraded AptarGroup from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. BidaskClub downgraded AptarGroup from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. Deutsche Bank AG restated a “buy” rating and issued a $90.00 price target (up from $87.00) on shares of AptarGroup in a research report on Tuesday, July 18th. BMO Capital Markets restated a “hold” rating and issued a $79.00 price target on shares of AptarGroup in a research report on Sunday, July 2nd. Finally, Jefferies Group LLC restated a “hold” rating and issued a $78.00 price target on shares of AptarGroup in a research report on Thursday, August 31st. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $84.57.
AptarGroup (NYSE:ATR) traded up 0.354% during midday trading on Tuesday, reaching $89.345. 75,310 shares of the company were exchanged. The company has a 50-day moving average of $86.79 and a 200 day moving average of $84.46. AptarGroup has a 52 week low of $70.32 and a 52 week high of $90.79. The firm has a market capitalization of $5.60 billion, a PE ratio of 26.278 and a beta of 0.96.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 1st will be given a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $1.28 dividend on an annualized basis and a yield of 1.44%. AptarGroup’s dividend payout ratio is presently 37.54%.
In other 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 transaction of $2,843,750.00. Following the completion of the sale, the insider now directly owns 33,092 shares in the company, valued at $2,688,725. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Monnas Giovanna Kampouri sold 2,000 shares of AptarGroup stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $82.13, for a total value of $164,260.00. Following the sale, the director now owns 6,469 shares of the company’s stock, valued at $531,298.97. The disclosure for this sale can be found here. 5.30% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. bought a new stake in shares of AptarGroup during the second quarter worth $11,525,000. BlackRock Inc. lifted its position in shares of AptarGroup by 5,710.7% during the first quarter. BlackRock Inc. now owns 5,086,882 shares of the industrial products company’s stock worth $391,639,000 after purchasing an additional 4,999,339 shares during the last quarter. Chemical Bank bought a new stake in shares of AptarGroup during the second quarter worth $313,000. Morgan Stanley lifted its position in shares of AptarGroup by 28.0% during the first quarter. Morgan Stanley now owns 148,665 shares of the industrial products company’s stock worth $11,446,000 after purchasing an additional 32,552 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of AptarGroup by 8.5% during the first quarter. Dimensional Fund Advisors LP now owns 547,856 shares of the industrial products company’s stock worth $42,179,000 after purchasing an additional 42,712 shares during the last quarter. Institutional investors and hedge funds own 92.34% of the company’s stock.
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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