Brokerages predict that AptarGroup, Inc. (NYSE:ATR) will announce $583.57 million in sales for the current fiscal quarter, Zacks reports. Five analysts have made estimates for AptarGroup’s earnings, with the lowest sales estimate coming in at $577.10 million and the highest estimate coming in at $592.26 million. AptarGroup posted sales of $538.87 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.3%. The company is scheduled to report its next quarterly earnings results on Thursday, February 8th.
On average, analysts expect that AptarGroup will report full-year sales of $583.57 million for the current fiscal year, with estimates ranging from $2.42 billion to $2.44 billion. For the next financial year, analysts forecast that the company will post sales of $2.55 billion per share, with estimates ranging from $2.50 billion to $2.60 billion. Zacks’ sales averages are a mean average based on a survey of analysts that cover AptarGroup.
AptarGroup (NYSE:ATR) last released its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.03. The firm had revenue of $624.33 million for the quarter, compared to analyst estimates of $599.31 million. AptarGroup had a net margin of 9.24% and a return on equity of 16.82%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the firm earned $0.82 earnings per share.
AptarGroup (NYSE ATR) opened at $88.41 on Friday. The stock has a market capitalization of $5,413.96, a P/E ratio of 26.34, a PEG ratio of 3.05 and a beta of 0.97. The company has a current ratio of 2.75, a quick ratio of 2.29 and a debt-to-equity ratio of 0.96. AptarGroup has a 52-week low of $71.44 and a 52-week high of $90.79.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Wednesday, November 1st were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Tuesday, October 31st. AptarGroup’s dividend payout ratio (DPR) is presently 37.43%.
In other news, Director Ralf K. Wunderlich sold 26,000 shares of AptarGroup stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $87.03, for a total transaction of $2,262,780.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Salim Haffar sold 18,130 shares of AptarGroup stock in a transaction on Monday, October 30th. The stock was sold at an average price of $86.49, for a total transaction of $1,568,063.70. Following the transaction, the insider now directly owns 39,556 shares in the company, valued at $3,421,198.44. The disclosure for this sale can be found here. Insiders sold 72,910 shares of company stock valued at $6,308,319 in the last three months. Company insiders own 5.30% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can raised its holdings in shares of AptarGroup by 8.8% in the second quarter. Bank of Montreal Can now owns 10,147 shares of the industrial products company’s stock valued at $882,000 after purchasing an additional 819 shares during the last quarter. Aperio Group LLC increased its stake in shares of AptarGroup by 23.3% in the second quarter. Aperio Group LLC now owns 24,195 shares of the industrial products company’s stock worth $2,102,000 after purchasing an additional 4,565 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of AptarGroup by 20,866.0% in the second quarter. Acadian Asset Management LLC now owns 60,382 shares of the industrial products company’s stock valued at $5,244,000 after acquiring an additional 60,094 shares during the period. NGAM Advisors L.P. bought a new stake in AptarGroup during the second quarter valued at approximately $921,000. Finally, Great West Life Assurance Co. Can boosted its stake in AptarGroup by 0.9% in the 2nd quarter. Great West Life Assurance Co. Can now owns 36,826 shares of the industrial products company’s stock worth $3,198,000 after purchasing an additional 336 shares in the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.
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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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