AptarGroup Inc. (ATR) Issues Q3 Earnings Guidance

AptarGroup Inc. (NYSE:ATR) updated its third quarter earnings guidance on Thursday. The company provided EPS guidance of $0.79-0.84 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.89.

Separately, Deutsche Bank AG reissued a buy rating on shares of AptarGroup in a research note on Wednesday, May 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of Hold and an average price target of $75.00.

Shares of AptarGroup Inc. (NYSE:ATR) traded down 0.43% during midday trading on Thursday, hitting $79.38. 239,102 shares of the stock were exchanged. The firm’s 50-day moving average is $78.58 and its 200 day moving average is $76.16. The firm has a market cap of $5.01 billion and a PE ratio of 25.95. AptarGroup Inc. has a 52-week low of $63.62 and a 52-week high of $81.17.

AptarGroup (NYSE:ATR) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.01. The business earned $620 million during the quarter, compared to the consensus estimate of $621.52 million. AptarGroup’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the company earned $0.82 EPS. On average, analysts forecast that AptarGroup Inc. will post $3.23 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 17th. Shareholders of record on Wednesday, July 27th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Monday, July 25th.

In other AptarGroup news, CEO Stephen J. Hagge sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $76.59, for a total transaction of $1,914,750.00. Following the sale, the chief executive officer now owns 96,159 shares in the company, valued at approximately $7,364,817.81. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

AptarGroup, Inc is a provider of a range of packaging, dispensing and sealing solutions, primarily for the beauty, personal care, home care, prescription drug, consumer healthcare, injectables, food and beverage markets. The Company has manufacturing facilities located in North America, Europe, Asia and South America.