AptarGroup (NYSE:ATR) Issues Q4 Earnings Guidance

AptarGroup (NYSE:ATR) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.81-0.86 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.88.

A number of analysts have commented on the company. Zacks Investment Research raised AptarGroup from a hold rating to a buy rating and set a $121.00 target price for the company in a report on Monday, October 1st. BMO Capital Markets raised their price target on AptarGroup from $92.00 to $105.00 and gave the stock a market perform rating in a research note on Monday, July 30th. Deutsche Bank set a $115.00 price target on AptarGroup and gave the stock a buy rating in a research note on Monday, July 30th. ValuEngine upgraded AptarGroup from a hold rating to a buy rating in a research note on Saturday, July 28th. Finally, Vertical Research downgraded AptarGroup from a hold rating to a sell rating and set a $86.00 price target on the stock. in a research note on Tuesday, July 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $105.13.

Shares of AptarGroup stock traded down $0.84 during trading hours on Friday, hitting $104.29. The company’s stock had a trading volume of 227,448 shares, compared to its average volume of 376,910. AptarGroup has a 12-month low of $79.97 and a 12-month high of $112.31. The company has a market capitalization of $6.60 billion, a price-to-earnings ratio of 30.32, a PEG ratio of 3.15 and a beta of 0.79. The company has a quick ratio of 1.33, a current ratio of 1.87 and a debt-to-equity ratio of 0.81.

AptarGroup (NYSE:ATR) last announced its quarterly earnings data on Thursday, November 1st. The industrial products company reported $0.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.06. AptarGroup had a return on equity of 18.42% and a net margin of 7.52%. The business had revenue of $665.78 million for the quarter, compared to the consensus estimate of $673.54 million. During the same period in the previous year, the business earned $0.83 earnings per share. The business’s revenue was up 6.6% on a year-over-year basis. On average, equities analysts expect that AptarGroup will post 3.93 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Stockholders of record on Wednesday, October 31st will be given a $0.34 dividend. The ex-dividend date is Tuesday, October 30th. This represents a $1.36 annualized dividend and a dividend yield of 1.30%. AptarGroup’s payout ratio is 39.53%.

In other news, Director Monnas Giovanna Kampouri sold 12,667 shares of AptarGroup stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $105.45, for a total value of $1,335,735.15. Following the sale, the director now directly owns 11,040 shares of the company’s stock, valued at $1,164,168. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen J. Hagge sold 25,000 shares of AptarGroup stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $104.31, for a total value of $2,607,750.00. Following the completion of the sale, the director now directly owns 110,105 shares in the company, valued at $11,485,052.55. The disclosure for this sale can be found here. Insiders sold 62,667 shares of company stock worth $6,566,485 over the last 90 days. Company insiders own 5.30% of the company’s stock.

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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 in three segments: Beauty + Home, Pharma, and Food + Beverage.

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Earnings History and Estimates for AptarGroup (NYSE:ATR)

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