Wall Street brokerages expect AptarGroup, Inc. (NYSE:ATR) to announce $738.93 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for AptarGroup’s earnings, with estimates ranging from $737.26 million to $740.60 million. AptarGroup posted sales of $703.35 million in the same quarter last year, which suggests a positive year-over-year growth rate of 5.1%. The company is expected to issue its next quarterly earnings report on Thursday, April 25th.
According to Zacks, analysts expect that AptarGroup will report full-year sales of $2.93 billion for the current financial year, with estimates ranging from $2.83 billion to $3.04 billion. For the next year, analysts expect that the company will report sales of $3.08 billion, with estimates ranging from $3.02 billion to $3.21 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for AptarGroup.
AptarGroup (NYSE:ATR) last posted its quarterly earnings results on Wednesday, February 20th. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.07. AptarGroup had a net margin of 7.04% and a return on equity of 18.80%. The business had revenue of $685.03 million during the quarter, compared to analyst estimates of $668.21 million. During the same period in the prior year, the business posted $0.81 earnings per share. The company’s revenue was up 9.4% on a year-over-year basis.
A number of research analysts have issued reports on ATR shares. Vertical Research upgraded shares of AptarGroup from a “sell” rating to a “hold” rating in a research note on Monday, January 7th. Zacks Investment Research upgraded shares of AptarGroup from a “sell” rating to a “hold” rating in a research note on Thursday, January 10th. UBS Group set a $106.00 price objective on shares of AptarGroup and gave the stock a “hold” rating in a research note on Friday, January 18th. Finally, William Blair reiterated an “outperform” rating on shares of AptarGroup in a research note on Thursday. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $105.25.
Shares of AptarGroup stock traded down $1.81 during trading on Friday, reaching $101.31. 6,168 shares of the stock were exchanged, compared to its average volume of 219,379. The company has a current ratio of 1.87, a quick ratio of 1.34 and a debt-to-equity ratio of 0.81. AptarGroup has a 1 year low of $86.69 and a 1 year high of $112.31. The firm has a market cap of $6.42 billion, a P/E ratio of 25.35, a P/E/G ratio of 2.77 and a beta of 0.80.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 20th. Stockholders of record on Wednesday, January 30th were paid a $0.34 dividend. The ex-dividend date of this dividend was Tuesday, January 29th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.34%. AptarGroup’s payout ratio is currently 34.00%.
In related news, Director Maritza Gomez Montiel sold 707 shares of the stock in a transaction on Wednesday, January 9th. The shares were sold at an average price of $93.58, for a total transaction of $66,161.06. Following the sale, the director now directly owns 4,033 shares of the company’s stock, valued at $377,408.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.40% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in ATR. State of Alaska Department of Revenue lifted its holdings in AptarGroup by 2.0% during the fourth quarter. State of Alaska Department of Revenue now owns 6,603 shares of the industrial products company’s stock valued at $621,000 after purchasing an additional 128 shares in the last quarter. Wetherby Asset Management Inc. lifted its holdings in AptarGroup by 1.9% during the fourth quarter. Wetherby Asset Management Inc. now owns 7,693 shares of the industrial products company’s stock valued at $724,000 after purchasing an additional 140 shares in the last quarter. Elefante Mark B lifted its holdings in AptarGroup by 2.3% during the fourth quarter. Elefante Mark B now owns 6,611 shares of the industrial products company’s stock valued at $622,000 after purchasing an additional 150 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of AptarGroup by 4.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,194 shares of the industrial products company’s stock worth $395,000 after buying an additional 193 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in shares of AptarGroup by 4.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 4,145 shares of the industrial products company’s stock worth $389,000 after buying an additional 194 shares in the last quarter. 89.94% of the stock is currently owned by hedge funds and other 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 in three segments: Beauty + Home, Pharma, and Food + Beverage.
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