Zacks: Analysts Expect AptarGroup, Inc. (ATR) Will Announce Quarterly Sales of $583.57 Million

Equities research analysts predict that AptarGroup, Inc. (NYSE:ATR) will report sales of $583.57 million for the current quarter, Zacks reports. Five analysts have provided estimates for AptarGroup’s earnings, with the highest sales estimate coming in at $592.26 million and the lowest estimate coming in at $577.10 million. AptarGroup reported sales of $538.87 million during the same quarter last year, which indicates a positive year-over-year growth rate of 8.3%. The firm is expected to announce its next quarterly earnings report after the market closes on Monday, February 12th.

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 year, analysts expect that the company will report 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 firms that follow AptarGroup.

AptarGroup (NYSE:ATR) last released its earnings results on Thursday, October 26th. The industrial products company reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.03. AptarGroup had a return on equity of 16.82% and a net margin of 9.24%. The business had revenue of $624.33 million for the quarter, compared to the consensus estimate of $599.31 million. During the same period in the previous year, the company posted $0.82 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year.

Several research firms have commented on ATR. Robert W. Baird reissued a “hold” rating and issued a $85.00 target price on shares of AptarGroup in a report on Thursday, October 12th. KeyCorp reissued a “hold” rating on shares of AptarGroup in a report on Friday, October 27th. Finally, Zacks Investment Research downgraded AptarGroup from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $84.57.

AptarGroup (NYSE ATR) traded up $1.37 during trading on Monday, reaching $88.61. The company’s stock had a trading volume of 177,400 shares, compared to its average volume of 243,169. The company has a quick ratio of 2.29, a current ratio of 2.75 and a debt-to-equity ratio of 0.96. AptarGroup has a twelve month low of $71.44 and a twelve month high of $90.79. The company has a market capitalization of $5,519.86, a P/E ratio of 25.91, a price-to-earnings-growth ratio of 2.92 and a beta of 0.95.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 21st. Shareholders of record on Wednesday, January 31st will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Tuesday, January 30th. AptarGroup’s dividend payout ratio (DPR) is 37.43%.

In other news, CFO Robert Kuhn sold 5,000 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $87.43, for a total value of $437,150.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Maritza Gomez Montiel sold 3,780 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $85.84, for a total value of $324,475.20. Following the completion of the transaction, the director now owns 3,336 shares of the company’s stock, valued at approximately $286,362.24. The disclosure for this sale can be found here. Insiders sold 77,910 shares of company stock valued at $6,745,469 in the last 90 days. Company insiders own 5.30% of the company’s stock.

Several hedge funds have recently bought and sold shares of ATR. Lord Abbett & CO. LLC raised its stake in shares of AptarGroup by 294.7% in the second quarter. Lord Abbett & CO. LLC now owns 1,013,917 shares of the industrial products company’s stock worth $88,069,000 after purchasing an additional 757,017 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in AptarGroup by 222.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 427,811 shares of the industrial products company’s stock valued at $36,927,000 after acquiring an additional 295,110 shares during the last quarter. FMR LLC increased its position in AptarGroup by 90.6% during the second quarter. FMR LLC now owns 481,139 shares of the industrial products company’s stock valued at $41,792,000 after acquiring an additional 228,698 shares during the last quarter. Goldman Sachs Group Inc. increased its position in AptarGroup by 47.7% during the second quarter. Goldman Sachs Group Inc. now owns 328,824 shares of the industrial products company’s stock valued at $28,561,000 after acquiring an additional 106,142 shares during the last quarter. Finally, McCollum Christoferson Group LLC purchased a new stake in AptarGroup during the fourth quarter valued at $5,781,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

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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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