AptarGroup, Inc. (ATR) Expected to Announce Quarterly Sales of $599.22 Million
Equities research analysts forecast that AptarGroup, Inc. (NYSE:ATR) will report $599.22 million in sales for the current quarter, Zacks reports. Six analysts have issued estimates for AptarGroup’s earnings, with the highest sales estimate coming in at $608.30 million and the lowest estimate coming in at $579.90 million. AptarGroup reported sales of $589.73 million during the same quarter last year, which would suggest a positive year over year growth rate of 1.6%. The firm is scheduled to announce its next earnings report on Thursday, October 26th.
According to Zacks, analysts expect that AptarGroup will report full year sales of $599.22 million for the current fiscal year, with estimates ranging from $2.35 billion to $2.41 billion. For the next financial year, analysts expect that the business will post sales of $2.49 billion per share, with estimates ranging from $2.43 billion to $2.55 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow AptarGroup.
AptarGroup (NYSE:ATR) last released its earnings results on Thursday, July 27th. The industrial products company reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.05. The firm had revenue of $617.75 million during the quarter, compared to analyst estimates of $624.74 million. AptarGroup had a net margin of 9.36% and a return on equity of 16.91%. The business’s revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 EPS.
ATR has been the subject of a number of analyst reports. BMO Capital Markets reissued a “hold” rating and issued a $79.00 price objective on shares of AptarGroup in a research report on Sunday, July 2nd. BidaskClub downgraded shares of AptarGroup from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. KeyCorp reissued a “hold” rating on shares of AptarGroup in a research report on Friday, June 23rd. Jefferies Group LLC reissued a “hold” rating and issued a $78.00 price objective (down previously from $81.00) on shares of AptarGroup in a research report on Monday, July 31st. Finally, Vertical Research raised shares of AptarGroup from a “sell” rating to a “hold” rating and lifted their price objective for the company from $70.00 to $77.00 in a research report on Monday, July 31st. Three analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $81.83.
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In related news, VP Ursula Saint-Leger sold 50,000 shares of AptarGroup stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $81.86, for a total transaction of $4,093,000.00. Following the completion of the sale, the vice president now owns 60,042 shares of the company’s stock, valued at approximately $4,915,038.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ralf K. Wunderlich sold 2,559 shares of AptarGroup stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $82.81, for a total transaction of $211,910.79. Following the sale, the director now directly owns 36,024 shares of the company’s stock, valued at approximately $2,983,147.44. The disclosure for this sale can be found here. Insiders have sold a total of 143,226 shares of company stock valued at $11,874,458 in the last ninety days. 5.30% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in the company. Toronto Dominion Bank increased its stake in shares of AptarGroup by 1.7% in the first quarter. Toronto Dominion Bank now owns 1,771 shares of the industrial products company’s stock valued at $137,000 after buying an additional 30 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of AptarGroup by 16.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,314 shares of the industrial products company’s stock valued at $178,000 after buying an additional 335 shares during the last quarter. Independent Portfolio Consultants Inc. increased its stake in shares of AptarGroup by 11.5% in the first quarter. Independent Portfolio Consultants Inc. now owns 2,330 shares of the industrial products company’s stock valued at $179,000 after buying an additional 240 shares during the last quarter. Huntington National Bank increased its stake in shares of AptarGroup by 4.7% in the first quarter. Huntington National Bank now owns 2,621 shares of the industrial products company’s stock valued at $202,000 after buying an additional 117 shares during the last quarter. Finally, Thompson Investment Management Inc. bought a new stake in shares of AptarGroup during the first quarter valued at approximately $204,000. 90.02% of the stock is owned by institutional investors and hedge funds.
AptarGroup (ATR) opened at 82.48 on Thursday. The firm has a market cap of $5.17 billion, a price-to-earnings ratio of 24.26 and a beta of 0.96. AptarGroup has a 52-week low of $70.32 and a 52-week high of $90.79. The firm’s 50-day moving average is $86.61 and its 200-day moving average is $80.59.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 16th. Investors of record on Wednesday, July 26th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Monday, July 24th. AptarGroup’s payout ratio is 37.54%.
AptarGroup Company Profile
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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