Equities analysts predict that AptarGroup, Inc. (NYSE:ATR) will report sales of $583.76 million for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for AptarGroup’s earnings. The lowest sales estimate is $577.10 million and the highest is $593.18 million. AptarGroup posted sales of $538.87 million in the same quarter last year, which suggests a positive year-over-year growth rate of 8.3%. The business is expected to announce its next earnings report after the market closes on Monday, February 12th.
On average, analysts expect that AptarGroup will report full year sales of $583.76 million for the current fiscal year, with estimates ranging from $2.42 billion to $2.44 billion. For the next fiscal year, analysts expect that the business will post sales of $2.56 billion per share, with estimates ranging from $2.50 billion to $2.67 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow AptarGroup.
Several brokerages have commented on ATR. Zacks Investment Research upgraded shares of AptarGroup from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a research note on Tuesday, October 17th. KeyCorp restated a “hold” rating on shares of AptarGroup in a research note on Friday, October 27th. Finally, Robert W. Baird restated a “hold” rating and set a $85.00 price objective on shares of AptarGroup in a research note on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. AptarGroup presently has an average rating of “Hold” and a consensus target price of $83.71.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 21st. Investors of record on Wednesday, January 31st will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Tuesday, January 30th. AptarGroup’s dividend payout ratio is currently 37.43%.
In related news, CFO Robert Kuhn sold 5,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were 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 through this link. Also, Director Ralf K. Wunderlich sold 26,000 shares of the business’s 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 56,000 shares of company stock valued at $4,852,930. Company insiders own 5.30% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. increased its holdings in AptarGroup by 5.0% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 404,839 shares of the industrial products company’s stock worth $34,942,000 after acquiring an additional 19,275 shares in the last quarter. Rhumbline Advisers increased its holdings in AptarGroup by 6.3% in the 3rd quarter. Rhumbline Advisers now owns 165,333 shares of the industrial products company’s stock worth $14,270,000 after acquiring an additional 9,810 shares in the last quarter. State Board of Administration of Florida Retirement System increased its holdings in AptarGroup by 1.4% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 97,061 shares of the industrial products company’s stock worth $8,377,000 after acquiring an additional 1,320 shares in the last quarter. Jane Street Group LLC increased its holdings in AptarGroup by 48.3% in the 3rd quarter. Jane Street Group LLC now owns 5,492 shares of the industrial products company’s stock worth $474,000 after acquiring an additional 1,789 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in AptarGroup by 21.4% in the 2nd quarter. Royal Bank of Canada now owns 252,969 shares of the industrial products company’s stock worth $21,972,000 after acquiring an additional 44,548 shares in the last quarter. 91.40% of the stock is owned by institutional investors.
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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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