AptarGroup, Inc. (NYSE:ATR) Expected to Announce Quarterly Sales of $713.83 Million

Equities research analysts predict that AptarGroup, Inc. (NYSE:ATR) will report $713.83 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for AptarGroup’s earnings. The highest sales estimate is $722.64 million and the lowest is $708.70 million. AptarGroup posted sales of $665.78 million during the same quarter last year, which suggests a positive year-over-year growth rate of 7.2%. The firm is expected to announce its next earnings report on Thursday, November 7th.

On average, analysts expect that AptarGroup will report full year sales of $2.96 billion for the current fiscal year, with estimates ranging from $2.90 billion to $3.12 billion. For the next year, analysts forecast that the business will report sales of $3.08 billion, with estimates ranging from $2.89 billion to $3.29 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for AptarGroup.

AptarGroup (NYSE:ATR) last released its earnings results on Wednesday, July 31st. The industrial products company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.02. AptarGroup had a return on equity of 19.01% and a net margin of 7.63%. The firm had revenue of $742.66 million for the quarter, compared to analyst estimates of $752.11 million. During the same quarter in the prior year, the firm posted $1.09 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis.

Several equities analysts have weighed in on the company. Zacks Investment Research raised AptarGroup from a “sell” rating to a “hold” rating in a research note on Monday, April 22nd. Deutsche Bank reissued a “buy” rating and issued a $124.00 target price on shares of AptarGroup in a research note on Thursday, May 2nd. KeyCorp reissued a “hold” rating on shares of AptarGroup in a research note on Thursday. Morgan Stanley assumed coverage on AptarGroup in a research note on Monday, July 8th. They issued an “overweight” rating and a $144.00 target price on the stock. Finally, UBS Group increased their target price on AptarGroup from $115.00 to $122.00 and gave the company a “neutral” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $121.00.

NYSE:ATR traded up $0.46 during mid-day trading on Friday, hitting $118.02. The company had a trading volume of 316,584 shares, compared to its average volume of 228,654. AptarGroup has a fifty-two week low of $88.26 and a fifty-two week high of $126.19. The company has a fifty day moving average price of $122.50. The company has a current ratio of 2.13, a quick ratio of 1.51 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $7.65 billion, a price-to-earnings ratio of 29.51, a P/E/G ratio of 2.69 and a beta of 0.76.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Wednesday, July 31st will be issued a $0.36 dividend. The ex-dividend date is Tuesday, July 30th. This represents a $1.44 annualized dividend and a dividend yield of 1.22%. AptarGroup’s dividend payout ratio (DPR) is currently 36.00%.

In other AptarGroup news, insider Gael Touya sold 10,000 shares of the stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $119.93, for a total value of $1,199,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Marc Prieur sold 2,000 shares of the stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $121.27, for a total value of $242,540.00. Following the completion of the sale, the insider now owns 5,760 shares of the company’s stock, valued at $698,515.20. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. Cullen Frost Bankers Inc. bought a new position in shares of AptarGroup during the second quarter worth about $44,000. Ellis Investment Partners LLC bought a new position in shares of AptarGroup during the first quarter worth about $77,000. Hilton Capital Management LLC bought a new position in shares of AptarGroup during the first quarter worth about $132,000. ETF Managers Group LLC grew its holdings in shares of AptarGroup by 10.8% during the first quarter. ETF Managers Group LLC now owns 1,609 shares of the industrial products company’s stock worth $171,000 after buying an additional 157 shares in the last quarter. Finally, NEXT Financial Group Inc bought a new position in shares of AptarGroup during the second quarter worth about $178,000. Institutional investors and hedge funds own 89.67% of the company’s stock.

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

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Earnings History and Estimates for AptarGroup (NYSE:ATR)

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