Analysts Issue Forecasts for AptarGroup, Inc.’s Q1 2018 Earnings (ATR)

AptarGroup, Inc. (NYSE:ATR) – Equities research analysts at KeyCorp issued their Q1 2018 earnings estimates for AptarGroup in a report released on Tuesday. KeyCorp analyst A. Josephson expects that the industrial products company will post earnings per share of $0.94 for the quarter. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for AptarGroup’s Q2 2018 earnings at $1.06 EPS, Q3 2018 earnings at $0.94 EPS, Q4 2018 earnings at $0.81 EPS and FY2019 earnings at $4.00 EPS.

AptarGroup (NYSE:ATR) last released its earnings results on Monday, February 12th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.10. The company had revenue of $625.90 million for the quarter, compared to analyst estimates of $577.17 million. AptarGroup had a net margin of 8.91% and a return on equity of 16.97%. The firm’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.69 EPS.

A number of other equities research analysts have also issued reports on ATR. Zacks Investment Research lowered shares of AptarGroup from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Wells Fargo & Co reiterated a “market perform” rating and set a $90.00 target price (up from $83.00) on shares of AptarGroup in a report on Wednesday. Finally, Robert W. Baird reiterated a “hold” rating and set a $92.00 target price on shares of AptarGroup in a report on Wednesday. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $85.38.

Shares of AptarGroup (NYSE ATR) opened at $90.66 on Thursday. The stock has a market cap of $5,589.00, a P/E ratio of 26.51, a price-to-earnings-growth ratio of 2.94 and a beta of 0.88. AptarGroup has a fifty-two week low of $72.86 and a fifty-two week high of $92.32. The company has a current ratio of 3.16, a quick ratio of 2.29 and a debt-to-equity ratio of 0.91.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 21st. Stockholders of record on Wednesday, January 31st will be issued a $0.32 dividend. The ex-dividend date is Tuesday, January 30th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.41%. AptarGroup’s payout ratio is 37.43%.

In other news, CFO Robert Kuhn sold 5,000 shares of the firm’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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ralf K. Wunderlich sold 26,000 shares of the firm’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. 5.30% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Zions Bancorporation acquired a new stake in shares of AptarGroup in the 3rd quarter valued at $187,000. Susquehanna International Group LLP raised its holdings in shares of AptarGroup by 233.1% in the 2nd quarter. Susquehanna International Group LLP now owns 2,528 shares of the industrial products company’s stock valued at $220,000 after purchasing an additional 4,428 shares in the last quarter. Vident Investment Advisory LLC acquired a new stake in shares of AptarGroup in the 3rd quarter valued at $221,000. Centiva Capital LP acquired a new stake in shares of AptarGroup in the 4th quarter valued at $235,000. Finally, Dean Capital Investments Management LLC acquired a new stake in shares of AptarGroup in the 4th quarter valued at $273,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

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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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