$583.57 Million in Sales Expected for AptarGroup, Inc. (ATR) This Quarter

Equities analysts forecast that AptarGroup, Inc. (NYSE:ATR) will post $583.57 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for AptarGroup’s earnings, with estimates ranging from $577.10 million to $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 expected to report its next quarterly earnings report on Thursday, February 8th.

According to Zacks, analysts expect that AptarGroup will report full year sales of $583.57 million for the current year, with estimates ranging from $2.42 billion to $2.44 billion. For the next fiscal year, analysts anticipate that the business will post sales of $2.55 billion per share, with estimates ranging from $2.50 billion to $2.60 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for AptarGroup.

AptarGroup (NYSE:ATR) last posted its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.83 earnings per share for the quarter, beating 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 return on equity of 16.82% and a net margin of 9.24%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.82 earnings per share.

A number of research analysts have recently weighed in on the company. Zacks Investment Research cut AptarGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Robert W. Baird reissued a “hold” rating and issued a $85.00 price target on shares of AptarGroup in a research note on Thursday, October 12th. Finally, KeyCorp reissued a “hold” rating on shares of AptarGroup in a research note on Friday, September 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $84.57.

In related news, Director Maritza Gomez Montiel sold 3,780 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $85.84, for a total transaction of $324,475.20. Following the sale, the director now directly owns 3,336 shares in the company, valued at approximately $286,362.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Salim Haffar sold 18,130 shares of the firm’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $86.49, for a total value of $1,568,063.70. Following the sale, the insider now owns 39,556 shares in the company, valued at $3,421,198.44. The disclosure for this sale can be found here. Insiders sold a total of 77,910 shares of company stock worth $6,745,469 over the last ninety days. Corporate insiders own 5.30% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Coldstream Capital Management Inc. increased its holdings in AptarGroup by 1.1% during the 2nd quarter. Coldstream Capital Management Inc. now owns 2,805 shares of the industrial products company’s stock worth $244,000 after purchasing an additional 30 shares during the last quarter. Citigroup Inc. increased its holdings in AptarGroup by 0.5% during the 2nd quarter. Citigroup Inc. now owns 6,323 shares of the industrial products company’s stock worth $549,000 after purchasing an additional 34 shares during the last quarter. Advisory Services Network LLC increased its holdings in AptarGroup by 1.1% during the 2nd quarter. Advisory Services Network LLC now owns 4,464 shares of the industrial products company’s stock worth $388,000 after purchasing an additional 50 shares during the last quarter. Argent Capital Management LLC increased its holdings in AptarGroup by 1.9% during the 2nd quarter. Argent Capital Management LLC now owns 5,325 shares of the industrial products company’s stock worth $463,000 after purchasing an additional 100 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC increased its holdings in AptarGroup by 1.5% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 10,903 shares of the industrial products company’s stock worth $863,000 after purchasing an additional 162 shares during the last quarter. Institutional investors own 90.85% of the company’s stock.

AptarGroup (ATR) traded down $1.18 during trading hours on Friday, reaching $86.01. The company’s stock had a trading volume of 362,800 shares, compared to its average volume of 257,933. The stock has a market capitalization of $5,431.40, a PE ratio of 25.15, a price-to-earnings-growth ratio of 2.88 and a beta of 0.95. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.75 and a quick ratio of 2.29. AptarGroup has a 1 year low of $71.44 and a 1 year high of $90.79.

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About AptarGroup

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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