According to Zacks, “AptarGroup projects first-quarter 2019 earnings per share between 95 cents and $1.00. The company expects its core sales to grow in each segment in the first quarter. The company is also poised to gain from business transformation in the Beauty + Home segment, product roll outs and focus on improving operations, going forward. Acquisitions are also likely to fuel growth. However, AptarGroup will bear the brunt of elevated raw-material costs and negative impact of foreign currency translation. Rising expenses may hurt margins in the near term.”
Several other brokerages also recently issued reports on ATR. Bank of America reissued an underperform rating and set a $100.00 price objective (up from $87.00) on shares of AptarGroup in a research report on Friday, April 5th. William Blair reissued an outperform rating on shares of AptarGroup in a research report on Thursday, February 21st. Vertical Research downgraded shares of AptarGroup from a hold rating to a sell rating in a research report on Friday, February 22nd. KeyCorp restated a hold rating on shares of AptarGroup in a research note on Friday, February 22nd. Finally, Robert W. Baird upgraded shares of AptarGroup from a neutral rating to an outperform rating and set a $115.00 target price for the company in a research note on Wednesday, February 27th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $105.78.
Shares of AptarGroup stock opened at $108.21 on Tuesday. AptarGroup has a 1 year low of $88.26 and a 1 year high of $112.31. The company has a current ratio of 1.93, a quick ratio of 1.38 and a debt-to-equity ratio of 0.79. The firm has a market cap of $6.82 billion, a price-to-earnings ratio of 27.05, a price-to-earnings-growth ratio of 2.51 and a beta of 0.81.
AptarGroup (NYSE:ATR) last issued its quarterly earnings data on Wednesday, February 20th. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.07. AptarGroup had a net margin of 7.04% and a return on equity of 18.66%. The company had revenue of $685.03 million for the quarter, compared to the consensus estimate of $668.21 million. During the same period last year, the firm posted $0.81 EPS. AptarGroup’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, research analysts forecast that AptarGroup will post 4.24 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 1st will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Tuesday, April 30th. This is a boost from AptarGroup’s previous quarterly dividend of $0.34. AptarGroup’s dividend payout ratio (DPR) is 34.00%.
In other news, Director Stephen J. Hagge sold 3,634 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $101.28, for a total value of $368,051.52. Following the completion of the sale, the director now owns 70,671 shares in the company, valued at approximately $7,157,558.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.00% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in ATR. Ffcm LLC acquired a new stake in shares of AptarGroup in the fourth quarter valued at about $25,000. Pearl River Capital LLC acquired a new stake in shares of AptarGroup in the fourth quarter valued at about $26,000. Quantamental Technologies LLC acquired a new stake in shares of AptarGroup in the fourth quarter valued at about $37,000. NumerixS Investment Technologies Inc acquired a new stake in shares of AptarGroup in the fourth quarter valued at about $83,000. Finally, Eversept Partners LP acquired a new stake in shares of AptarGroup in the fourth quarter valued at about $103,000. Institutional investors own 91.26% 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 through three segments: Beauty + Home, Pharma, and Food + Beverage.
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