AptarGroup, Inc. (NYSE:ATR) Expected to Announce Earnings of $0.98 Per Share


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Equities research analysts predict that AptarGroup, Inc. (NYSE:ATR) will post earnings of $0.98 per share for the current quarter, Zacks reports. Five analysts have issued estimates for AptarGroup’s earnings. The lowest EPS estimate is $0.94 and the highest is $1.05. AptarGroup reported earnings of $0.80 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 22.5%. The business is scheduled to issue its next earnings report on Thursday, July 29th.

According to Zacks, analysts expect that AptarGroup will report full-year earnings of $4.09 per share for the current financial year, with EPS estimates ranging from $3.94 to $4.24. For the next year, analysts forecast that the firm will post earnings of $4.56 per share, with EPS estimates ranging from $4.19 to $4.75. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow AptarGroup.

AptarGroup (NYSE:ATR) last announced its quarterly earnings data on Wednesday, April 28th. The industrial products company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.19. AptarGroup had a return on equity of 14.24% and a net margin of 7.34%.

A number of research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their target price on AptarGroup from $152.00 to $162.00 and gave the company a “buy” rating in a report on Monday, April 26th. Wells Fargo & Company lifted their price target on AptarGroup from $135.00 to $165.00 and gave the company an “overweight” rating in a research report on Monday, January 11th. Robert W. Baird restated a “hold” rating and issued a $150.00 target price on shares of AptarGroup in a research report on Monday. BMO Capital Markets boosted their price objective on AptarGroup from $158.00 to $167.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Morgan Stanley boosted their price objective on AptarGroup from $140.00 to $150.00 and gave the company an “equal weight” rating in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $150.29.

ATR stock traded up $2.56 during mid-day trading on Tuesday, reaching $155.02. 206,816 shares of the company traded hands, compared to its average volume of 238,010. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.69 and a quick ratio of 1.21. The company has a market capitalization of $10.23 billion, a P/E ratio of 49.21, a P/E/G ratio of 4.82 and a beta of 0.63. AptarGroup has a 52-week low of $99.11 and a 52-week high of $156.14. The company has a fifty day moving average price of $145.74 and a 200-day moving average price of $134.94.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 19th. Shareholders of record on Wednesday, April 28th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 0.98%. This is an increase from AptarGroup’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, April 27th. AptarGroup’s payout ratio is 38.48%.

In other news, Director Joanne C. Dr Smith sold 1,000 shares of the company’s stock in a transaction on Wednesday, March 3rd. The stock was sold at an average price of $132.05, for a total transaction of $132,050.00. Following the transaction, the director now directly owns 16,658 shares of the company’s stock, valued at $2,199,688.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Robert Kuhn sold 30,000 shares of the company’s stock in a transaction on Monday, March 15th. The shares were sold at an average price of $141.85, for a total value of $4,255,500.00. Following the transaction, the chief financial officer now directly owns 88,216 shares in the company, valued at $12,513,439.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,348 shares of company stock worth $5,272,715. Corporate insiders own 1.70% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. JJJ Advisors Inc. lifted its holdings in AptarGroup by 1,077.8% in the fourth quarter. JJJ Advisors Inc. now owns 212 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 194 shares during the period. Huntington National Bank increased its position in AptarGroup by 268.2% in the fourth quarter. Huntington National Bank now owns 243 shares of the industrial products company’s stock worth $33,000 after buying an additional 177 shares in the last quarter. CWM LLC increased its position in AptarGroup by 102.5% in the first quarter. CWM LLC now owns 239 shares of the industrial products company’s stock worth $34,000 after buying an additional 121 shares in the last quarter. Piscataqua Savings Bank purchased a new stake in AptarGroup in the first quarter worth about $36,000. Finally, Whittier Trust Co. increased its position in AptarGroup by 170.0% in the fourth quarter. Whittier Trust Co. now owns 270 shares of the industrial products company’s stock worth $37,000 after buying an additional 170 shares in the last quarter. 87.04% of the stock is currently owned by institutional investors.

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: Pharma, Beauty + Home, and Food + Beverage.

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Earnings History and Estimates for AptarGroup (NYSE:ATR)

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