AptarGroup (ATR) Updates Q1 Earnings Guidance

AptarGroup (NYSE:ATR) updated its first quarter earnings guidance on Monday. The company provided earnings per share guidance of $0.90-0.95 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.91.

A number of brokerages recently weighed in on ATR. Zacks Investment Research raised AptarGroup from a hold rating to a buy rating and set a $94.00 price objective on the stock in a report on Wednesday, February 7th. KeyCorp reaffirmed a hold rating on shares of AptarGroup in a report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $83.71.

AptarGroup (NYSE ATR) traded up $0.44 during trading on Monday, reaching $82.60. The company’s stock had a trading volume of 303,465 shares, compared to its average volume of 281,326. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.75 and a quick ratio of 2.29. The firm has a market capitalization of $5,118.06, a price-to-earnings ratio of 24.15, a price-to-earnings-growth ratio of 2.69 and a beta of 0.88. AptarGroup has a 12 month low of $72.86 and a 12 month high of $90.79.

AptarGroup (NYSE:ATR) last posted its earnings results on Monday, February 12th. The industrial products company reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.11. The company had revenue of $625.90 million for the quarter, compared to analyst estimates of $577.17 million. AptarGroup had a return on equity of 16.82% and a net margin of 9.24%. AptarGroup’s revenue was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.69 earnings per share. equities research analysts anticipate that AptarGroup will post 3.35 earnings per share for the current fiscal year.

The company 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 1.55%. The ex-dividend date of this dividend is Tuesday, January 30th. AptarGroup’s dividend payout ratio (DPR) is 37.43%.

In other news, Director Ralf K. Wunderlich sold 26,000 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $87.03, for a total value of $2,262,780.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Robert Kuhn sold 5,000 shares of the company’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 disclosure for this sale can be found here. Insiders sold 56,000 shares of company stock worth $4,852,930 in the last three months. 5.30% of the stock is owned by corporate insiders.

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AptarGroup Company Profile

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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