Equities research analysts forecast that AptarGroup, Inc. (NYSE:ATR) will report $674.54 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for AptarGroup’s earnings, with estimates ranging from $640.60 million to $689.90 million. AptarGroup reported sales of $601.32 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 12.2%. The business is expected to announce its next earnings results on Thursday, April 26th.
On average, analysts expect that AptarGroup will report full-year sales of $674.54 million for the current fiscal year, with estimates ranging from $2.54 billion to $2.71 billion. For the next year, analysts anticipate that the business will report sales of $2.76 billion per share, with estimates ranging from $2.61 billion to $2.83 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover AptarGroup.
AptarGroup (NYSE:ATR) last issued its earnings results on Monday, February 12th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.10. The business had revenue of $625.90 million during the quarter, compared to analyst estimates of $577.17 million. AptarGroup had a return on equity of 16.97% and a net margin of 8.91%. AptarGroup’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 earnings per share.
Several analysts have issued reports on the company. Robert W. Baird reaffirmed a “hold” rating and issued a $92.00 target price on shares of AptarGroup in a research note on Wednesday, February 14th. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $90.00 target price (up previously from $83.00) on shares of AptarGroup in a research note on Wednesday, February 14th. Finally, Zacks Investment Research lowered AptarGroup from a “buy” rating to a “hold” rating in a research note on Monday, February 5th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. AptarGroup presently has an average rating of “Hold” and a consensus price target of $85.38.
In other news, Director Ralf K. Wunderlich sold 26,000 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $87.03, for a total transaction of $2,262,780.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen J. Hagge sold 25,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $91.17, for a total value of $2,279,250.00. Following the sale, the director now directly owns 114,613 shares of the company’s stock, valued at approximately $10,449,267.21. The disclosure for this sale can be found here. In the last three months, insiders have sold 76,000 shares of company stock valued at $6,782,580. Insiders own 5.30% of the company’s stock.
Several large investors have recently added to or reduced their stakes in ATR. Zions Bancorporation purchased a new stake in shares of AptarGroup during the third quarter valued at approximately $187,000. Vident Investment Advisory LLC purchased a new stake in shares of AptarGroup during the third quarter valued at approximately $221,000. Centiva Capital LP purchased a new stake in AptarGroup in the fourth quarter worth $235,000. Dean Capital Investments Management LLC purchased a new stake in AptarGroup in the fourth quarter worth $273,000. Finally, First Citizens Bank & Trust Co. lifted its stake in AptarGroup by 47.8% in the fourth quarter. First Citizens Bank & Trust Co. now owns 3,555 shares of the industrial products company’s stock worth $307,000 after acquiring an additional 1,150 shares during the period. 90.25% of the stock is owned by hedge funds and other institutional investors.
Shares of AptarGroup (ATR) opened at $90.99 on Friday. The stock has a market capitalization of $5,668.13, a P/E ratio of 26.61, a price-to-earnings-growth ratio of 2.83 and a beta of 0.88. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.16 and a quick ratio of 2.52. AptarGroup has a 52 week low of $73.64 and a 52 week high of $92.32.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 21st. Stockholders of record on Wednesday, January 31st were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date was Tuesday, January 30th. AptarGroup’s dividend payout ratio (DPR) is presently 37.43%.
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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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