Analysts expect AptarGroup, Inc. (NYSE:ATR) to announce earnings of $0.78 per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for AptarGroup’s earnings, with the highest EPS estimate coming in at $0.80 and the lowest estimate coming in at $0.77. AptarGroup posted earnings of $0.92 per share during the same quarter last year, which would suggest a negative year over year growth rate of 15.2%. The business is expected to issue its next quarterly earnings results on Wednesday, February 19th.
On average, analysts expect that AptarGroup will report full-year earnings of $3.94 per share for the current year, with EPS estimates ranging from $3.92 to $3.95. For the next fiscal year, analysts expect that the firm will report earnings of $4.26 per share, with EPS estimates ranging from $3.92 to $4.50. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for AptarGroup.
AptarGroup (NYSE:ATR) last released its quarterly earnings data on Thursday, October 31st. The industrial products company reported $0.93 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.03). AptarGroup had a net margin of 8.16% and a return on equity of 17.85%. The company had revenue of $701.28 million for the quarter, compared to the consensus estimate of $698.93 million. During the same period last year, the company earned $0.97 EPS. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis.
Several brokerages have recently issued reports on ATR. UBS Group upped their target price on shares of AptarGroup from $115.00 to $122.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. ValuEngine upgraded shares of AptarGroup from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Wells Fargo & Co decreased their target price on shares of AptarGroup from $120.00 to $115.00 and set a “market perform” rating on the stock in a research report on Tuesday, November 5th. Zacks Investment Research upgraded shares of AptarGroup from a “sell” rating to a “hold” rating and set a $123.00 target price on the stock in a research report on Monday, October 14th. Finally, Morgan Stanley decreased their target price on shares of AptarGroup from $144.00 to $136.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. AptarGroup presently has a consensus rating of “Hold” and a consensus price target of $119.29.
Shares of ATR traded down $1.18 during midday trading on Friday, hitting $110.12. 151,654 shares of the company traded hands, compared to its average volume of 318,869. The firm has a 50 day moving average of $114.07 and a 200-day moving average of $118.09. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.45 and a current ratio of 2.04. The stock has a market cap of $7.12 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 2.74 and a beta of 0.72. AptarGroup has a 52 week low of $88.26 and a 52 week high of $126.19.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend was Tuesday, October 29th. AptarGroup’s dividend payout ratio is 36.00%.
In other news, Director Joanne C. Dr Smith sold 5,749 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $118.65, for a total transaction of $682,118.85. Following the sale, the director now directly owns 20,053 shares in the company, valued at approximately $2,379,288.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. Neuburgh Advisers LLC raised its position in AptarGroup by 48.8% in the 2nd quarter. Neuburgh Advisers LLC now owns 15,840 shares of the industrial products company’s stock worth $1,970,000 after purchasing an additional 5,192 shares during the period. One Wealth Advisors LLC raised its position in AptarGroup by 14.8% in the 2nd quarter. One Wealth Advisors LLC now owns 1,936 shares of the industrial products company’s stock worth $241,000 after purchasing an additional 250 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in AptarGroup by 4.5% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 878,830 shares of the industrial products company’s stock worth $109,275,000 after purchasing an additional 37,607 shares during the period. Campbell & CO Investment Adviser LLC raised its position in AptarGroup by 13.5% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 3,211 shares of the industrial products company’s stock worth $399,000 after purchasing an additional 381 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. increased its position in shares of AptarGroup by 3.4% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 12,030 shares of the industrial products company’s stock worth $1,496,000 after acquiring an additional 400 shares during the period. 87.42% of the stock is currently owned by institutional investors.
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 through three segments: Beauty + Home, Pharma, and Food + Beverage.
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