AptarGroup, Inc. (ATR) Expected to Announce Quarterly Sales of $583.57 Million
Analysts predict that AptarGroup, Inc. (NYSE:ATR) will report $583.57 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for AptarGroup’s earnings, with the highest sales estimate coming in at $592.26 million and the lowest estimate coming in at $577.10 million. AptarGroup posted sales of $538.87 million during the same quarter last year, which suggests a positive year-over-year growth rate of 8.3%. The company is scheduled to issue its next earnings results on Thursday, February 8th.
According to Zacks, analysts expect that AptarGroup will report full-year sales of $583.57 million for the current fiscal year, with estimates ranging from $2.42 billion to $2.44 billion. For the next financial year, analysts expect that the company will post sales of $2.55 billion per share, with estimates ranging from $2.50 billion to $2.60 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover AptarGroup.
AptarGroup (NYSE:ATR) last released its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.03. AptarGroup had a net margin of 9.24% and a return on equity of 16.82%. The business had revenue of $624.33 million for the quarter, compared to analysts’ expectations of $599.31 million. During the same quarter in the previous year, the business posted $0.82 earnings per share. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year.
A number of analysts have recently commented on ATR shares. Deutsche Bank AG restated a “buy” rating and set a $90.00 target price (up previously from $87.00) on shares of AptarGroup in a report on Tuesday, July 18th. BMO Capital Markets restated a “hold” rating and set a $92.00 target price on shares of AptarGroup in a report on Thursday, July 20th. BidaskClub cut shares of AptarGroup from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Vertical Research upgraded shares of AptarGroup from a “sell” rating to a “hold” rating and boosted their target price for the company from $70.00 to $77.00 in a report on Monday, July 31st. Finally, Jefferies Group LLC restated a “hold” rating and set a $78.00 target price (down previously from $81.00) on shares of AptarGroup in a report on Monday, July 31st. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $84.57.
Shares of AptarGroup (ATR) opened at $84.91 on Friday. AptarGroup has a fifty-two week low of $70.75 and a fifty-two week high of $90.79. The company has a market cap of $5,289.38, a price-to-earnings ratio of 25.73, a PEG ratio of 2.98 and a beta of 0.97. The company has a current ratio of 2.75, a quick ratio of 2.29 and a debt-to-equity ratio of 0.96.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 1st will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Tuesday, October 31st. AptarGroup’s payout ratio is 37.43%.
In related news, Director Monnas Giovanna Kampouri sold 2,000 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $82.13, for a total value of $164,260.00. Following the transaction, the director now owns 6,469 shares in the company, valued at approximately $531,298.97. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Maritza Gomez Montiel sold 3,780 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $85.84, for a total transaction of $324,475.20. Following the completion of the transaction, the director now owns 3,336 shares in the company, valued at approximately $286,362.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,910 shares of company stock worth $2,056,799. 5.30% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position in AptarGroup by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 5,933,069 shares of the industrial products company’s stock worth $515,346,000 after buying an additional 64,412 shares during the last quarter. JPMorgan Chase & Co. raised its position in AptarGroup by 0.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,707,778 shares of the industrial products company’s stock worth $235,197,000 after buying an additional 23,666 shares during the last quarter. Victory Capital Management Inc. raised its position in AptarGroup by 6.3% in the 2nd quarter. Victory Capital Management Inc. now owns 2,107,802 shares of the industrial products company’s stock worth $183,083,000 after buying an additional 125,222 shares during the last quarter. Lord Abbett & CO. LLC raised its position in AptarGroup by 294.7% in the 2nd quarter. Lord Abbett & CO. LLC now owns 1,013,917 shares of the industrial products company’s stock worth $88,069,000 after buying an additional 757,017 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in AptarGroup by 1.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 790,477 shares of the industrial products company’s stock worth $68,225,000 after buying an additional 8,515 shares during the last quarter. 91.72% of the stock is owned by institutional investors and hedge funds.
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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