Wall Street brokerages forecast that AptarGroup, Inc. (NYSE:ATR) will report $0.84 earnings per share (EPS) for the current quarter, according to Zacks. Five analysts have made estimates for AptarGroup’s earnings. The lowest EPS estimate is $0.83 and the highest is $0.86. AptarGroup reported earnings of $0.81 per share in the same quarter last year, which indicates a positive year over year growth rate of 3.7%. The firm is expected to report its next earnings results on Monday, February 11th.
According to Zacks, analysts expect that AptarGroup will report full-year earnings of $3.92 per share for the current fiscal year, with EPS estimates ranging from $3.90 to $3.93. For the next financial year, analysts expect that the company will post earnings of $4.35 per share, with EPS estimates ranging from $4.02 to $4.55. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow AptarGroup.
AptarGroup (NYSE:ATR) last posted its quarterly earnings results on Thursday, November 1st. The industrial products company reported $0.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.06. AptarGroup had a return on equity of 18.42% and a net margin of 7.52%. The business had revenue of $665.78 million during the quarter, compared to the consensus estimate of $673.54 million. During the same period in the prior year, the company posted $0.83 EPS. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year.
Separately, Zacks Investment Research upgraded AptarGroup from a “hold” rating to a “buy” rating and set a $121.00 price target for the company in a research note on Monday, October 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $105.13.
ATR stock opened at $99.77 on Friday. AptarGroup has a 1-year low of $79.97 and a 1-year high of $112.31. The company has a quick ratio of 1.34, a current ratio of 1.87 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $6.38 billion, a price-to-earnings ratio of 29.00, a price-to-earnings-growth ratio of 3.05 and a beta of 0.80.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 21st. Stockholders of record on Wednesday, October 31st were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Tuesday, October 30th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.36%. AptarGroup’s dividend payout ratio is currently 39.53%.
In other news, Director Stephen J. Hagge sold 25,000 shares of the stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $104.92, for a total transaction of $2,623,000.00. Following the completion of the transaction, the director now directly owns 110,105 shares in the company, valued at approximately $11,552,216.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.30% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Reynders McVeigh Capital Management LLC boosted its position in shares of AptarGroup by 0.6% during the 3rd quarter. Reynders McVeigh Capital Management LLC now owns 196,371 shares of the industrial products company’s stock valued at $21,157,000 after acquiring an additional 1,075 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of AptarGroup by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 6,359,071 shares of the industrial products company’s stock valued at $685,126,000 after acquiring an additional 67,838 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of AptarGroup by 0.9% during the 3rd quarter. Teachers Advisors LLC now owns 83,962 shares of the industrial products company’s stock valued at $9,046,000 after acquiring an additional 727 shares during the last quarter. Koshinski Asset Management Inc. bought a new position in shares of AptarGroup during the 3rd quarter valued at approximately $1,514,000. Finally, Mackenzie Financial Corp bought a new position in shares of AptarGroup during the 3rd quarter valued at approximately $1,201,000. Hedge funds and other institutional investors own 90.45% of the company’s stock.
AptarGroup Company Profile
AptarGroup, Inc provides a range of packaging, dispensing, and sealing solutions, primarily for the beauty, personal care, home care, prescription drug, consumer health care, injectable, and food and beverage markets. The company operates in three segments: Beauty + Home, Pharma, and Food + Beverage.
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