AptarGroup (ATR) Posts Earnings Results, Beats Expectations By $0.10 EPS

AptarGroup (NYSE:ATR) posted its quarterly earnings data on Monday. The industrial products company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.10, RTT News reports. AptarGroup had a return on equity of 16.82% and a net margin of 9.24%. The business had revenue of $625.90 million for the quarter, compared to analyst estimates of $577.17 million. During the same quarter last year, the company earned $0.69 earnings per share. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. AptarGroup updated its Q1 guidance to $0.90-0.95 EPS.

Shares of AptarGroup (NYSE ATR) traded up $5.45 during trading hours on Tuesday, hitting $88.05. The company had a trading volume of 124,251 shares, compared to its average volume of 272,762. The stock has a market cap of $5,118.06, a P/E ratio of 24.90, a P/E/G ratio of 2.69 and a beta of 0.88. 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 1-year low of $72.86 and a 1-year high of $90.79.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 21st. Investors of record on Wednesday, January 31st will be issued a dividend of $0.32 per share. The ex-dividend date is Tuesday, January 30th. This represents a $1.28 annualized dividend and a dividend yield of 1.45%. AptarGroup’s payout ratio is currently 37.43%.

In related news, Director Stephen J. Hagge sold 25,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $86.12, for a total transaction of $2,153,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ralf K. Wunderlich sold 26,000 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $87.03, for a total value of $2,262,780.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,000 shares of company stock worth $4,852,930. Company insiders own 5.30% of the company’s stock.

Several equities analysts recently weighed in on ATR shares. KeyCorp reiterated a “hold” rating on shares of AptarGroup in a research report on Friday, October 27th. Zacks Investment Research downgraded AptarGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $83.71.

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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.

Earnings History for AptarGroup (NYSE:ATR)

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