AptarGroup, Inc. Forecasted to Earn Q4 2017 Earnings of $0.68 Per Share (ATR)
AptarGroup, Inc. (NYSE:ATR) – William Blair decreased their Q4 2017 EPS estimates for shares of AptarGroup in a research note issued to investors on Friday. William Blair analyst J. Andersen now forecasts that the industrial products company will earn $0.68 per share for the quarter, down from their previous estimate of $0.70.
AptarGroup (NYSE:ATR) last posted its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.03. The business had revenue of $624.33 million during the quarter, compared to the consensus estimate of $599.31 million. AptarGroup had a net margin of 9.24% and a return on equity of 16.82%. AptarGroup’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 EPS.
A number of other equities analysts also recently weighed in on ATR. BMO Capital Markets restated a “hold” rating and set a $79.00 target price on shares of AptarGroup in a report on Sunday, July 2nd. Deutsche Bank AG restated a “buy” rating and set a $90.00 target price (up from $87.00) on shares of AptarGroup in a report on Tuesday, July 18th. BidaskClub downgraded shares of AptarGroup from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Vertical Research upgraded 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 report on Monday, July 31st. Finally, Jefferies Group LLC restated a “hold” rating and set a $78.00 target price (down from $81.00) on shares of AptarGroup in a report on Monday, July 31st. Three equities 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’s stock. AptarGroup currently has a consensus rating of “Hold” and a consensus price target of $84.57.
Shares of AptarGroup (NYSE:ATR) opened at 87.93 on Monday. AptarGroup has a 12-month low of $70.32 and a 12-month high of $90.79. The company’s 50 day moving average is $87.29 and its 200 day moving average is $84.69. The company has a market capitalization of $5.52 billion, a P/E ratio of 25.86 and a beta of 0.96.
Several large investors have recently added to or reduced their stakes in ATR. UBS Asset Management Americas Inc. increased its holdings in shares of AptarGroup by 17.0% in the first quarter. UBS Asset Management Americas Inc. now owns 38,923 shares of the industrial products company’s stock valued at $2,997,000 after purchasing an additional 5,663 shares during the last quarter. OppenheimerFunds Inc. increased its holdings in shares of AptarGroup by 12.2% in the first quarter. OppenheimerFunds Inc. now owns 7,548 shares of the industrial products company’s stock valued at $581,000 after purchasing an additional 818 shares during the last quarter. Teachers Advisors LLC increased its holdings in shares of AptarGroup by 7.2% in the first quarter. Teachers Advisors LLC now owns 75,582 shares of the industrial products company’s stock valued at $5,819,000 after purchasing an additional 5,089 shares during the last quarter. Legal & General Group Plc boosted its position in shares of AptarGroup by 51.0% in the first quarter. Legal & General Group Plc now owns 57,404 shares of the industrial products company’s stock valued at $4,419,000 after acquiring an additional 19,382 shares during the period. Finally, Thrivent Financial For Lutherans boosted its position in shares of AptarGroup by 8.7% in the first quarter. Thrivent Financial For Lutherans now owns 11,875 shares of the industrial products company’s stock valued at $914,000 after acquiring an additional 950 shares during the period. Hedge funds and other institutional investors own 92.39% of the company’s stock.
In other AptarGroup news, Director Monnas Giovanna Kampouri sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $82.13, for a total value of $164,260.00. Following 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 is available through the SEC website. 5.30% of the stock is owned by insiders.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 1st will be issued a $0.32 dividend. The ex-dividend date is Tuesday, October 31st. This represents a $1.28 annualized dividend and a dividend yield of 1.46%. AptarGroup’s dividend payout ratio is currently 37.43%.
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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