AptarGroup, Inc. (NYSE:ATR) Expected to Announce Quarterly Sales of $782.56 Million


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Wall Street analysts expect AptarGroup, Inc. (NYSE:ATR) to announce sales of $782.56 million for the current quarter, according to Zacks. Five analysts have made estimates for AptarGroup’s earnings. The highest sales estimate is $811.20 million and the lowest is $757.50 million. AptarGroup reported sales of $699.31 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.9%. The business is expected to announce its next quarterly earnings report on Thursday, July 29th.

On average, analysts expect that AptarGroup will report full-year sales of $3.17 billion for the current fiscal year, with estimates ranging from $3.07 billion to $3.23 billion. For the next fiscal year, analysts forecast that the company will report sales of $3.33 billion, with estimates ranging from $3.21 billion to $3.47 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for AptarGroup.

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

ATR has been the topic of a number of research analyst reports. Robert W. Baird reissued a “hold” rating and issued a $150.00 price target on shares of AptarGroup in a research note on Monday. Morgan Stanley upped their price objective on shares of AptarGroup from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Wells Fargo & Company increased their price target on shares of AptarGroup from $135.00 to $165.00 and gave the company an “overweight” rating in a report on Monday, January 11th. Deutsche Bank Aktiengesellschaft increased their price target on shares of AptarGroup from $152.00 to $162.00 and gave the company a “buy” rating in a report on Monday, April 26th. Finally, BMO Capital Markets raised their target price on shares of AptarGroup from $158.00 to $167.00 and gave the company an “outperform” rating in a report on Monday. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $150.29.

In other AptarGroup news, Director Joanne C. Dr Smith sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, March 3rd. The shares were sold at an average price of $132.05, for a total transaction of $132,050.00. Following the sale, the director now directly owns 16,658 shares of the company’s stock, valued at approximately $2,199,688.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert Kuhn sold 30,000 shares of the firm’s stock in a transaction dated Monday, March 15th. The stock was sold at an average price of $141.85, for a total transaction of $4,255,500.00. Following the sale, 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. Insiders have sold a total of 37,348 shares of company stock worth $5,272,715 over the last ninety days. 1.70% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Captrust Financial Advisors boosted its position in shares of AptarGroup by 18.8% in the fourth quarter. Captrust Financial Advisors now owns 443 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 70 shares during the last quarter. Signaturefd LLC boosted its position in shares of AptarGroup by 12.6% in the fourth quarter. Signaturefd LLC now owns 707 shares of the industrial products company’s stock worth $97,000 after acquiring an additional 79 shares during the last quarter. Advisor Partners LLC boosted its position in shares of AptarGroup by 1.2% in the fourth quarter. Advisor Partners LLC now owns 6,579 shares of the industrial products company’s stock worth $901,000 after acquiring an additional 79 shares during the last quarter. Treasurer of the State of North Carolina boosted its position in shares of AptarGroup by 0.4% in the fourth quarter. Treasurer of the State of North Carolina now owns 24,619 shares of the industrial products company’s stock worth $3,370,000 after acquiring an additional 90 shares during the last quarter. Finally, IFP Advisors Inc boosted its position in shares of AptarGroup by 15.2% in the fourth quarter. IFP Advisors Inc now owns 706 shares of the industrial products company’s stock worth $97,000 after acquiring an additional 93 shares during the last quarter. 87.04% of the stock is currently owned by institutional investors and hedge funds.

NYSE:ATR traded up $2.56 on Thursday, hitting $155.02. The stock had a trading volume of 206,816 shares, compared to its average volume of 238,010. The company has a quick ratio of 1.21, a current ratio of 1.69 and a debt-to-equity ratio of 0.59. The stock has a market cap of $10.23 billion, a price-to-earnings ratio of 49.21, a PEG ratio of 4.82 and a beta of 0.63. The company has a fifty day moving average price of $145.74 and a two-hundred day moving average price of $134.94. AptarGroup has a 1-year low of $99.11 and a 1-year high of $156.14.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 19th. Shareholders of record on Wednesday, April 28th will be paid a dividend of $0.38 per share. This is a boost from AptarGroup’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Tuesday, April 27th. AptarGroup’s dividend payout ratio (DPR) is currently 38.48%.

About AptarGroup

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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