AptarGroup, Inc. (NYSE:ATR) Expected to Announce Earnings of $0.95 Per Share

Wall Street brokerages expect AptarGroup, Inc. (NYSE:ATR) to post earnings of $0.95 per share for the current quarter, Zacks reports. Five analysts have issued estimates for AptarGroup’s earnings. The highest EPS estimate is $0.97 and the lowest is $0.94. AptarGroup reported earnings per share of $0.99 in the same quarter last year, which indicates a negative year over year growth rate of 4%. The business is scheduled to announce its next earnings results on Thursday, November 7th.

On average, analysts expect that AptarGroup will report full-year earnings of $4.22 per share for the current fiscal year, with EPS estimates ranging from $4.09 to $4.50. For the next financial year, analysts forecast that the company will post earnings of $4.73 per share, with EPS estimates ranging from $4.18 to $5.30. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for AptarGroup.

AptarGroup (NYSE:ATR) last posted its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. The business had revenue of $742.66 million during the quarter, compared to the consensus estimate of $752.11 million. AptarGroup had a net margin of 7.63% and a return on equity of 18.51%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.09 earnings per share.

Several brokerages have recently commented on ATR. Morgan Stanley began coverage on shares of AptarGroup in a research note on Monday, July 8th. They set an “overweight” rating and a $144.00 price objective for the company. Zacks Investment Research downgraded shares of AptarGroup from a “hold” rating to a “sell” rating and set a $130.00 price objective for the company. in a research note on Friday, August 9th. UBS Group increased their price target on shares of AptarGroup from $115.00 to $122.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Deutsche Bank reissued a “buy” rating and issued a $124.00 price target on shares of AptarGroup in a research note on Thursday, May 2nd. Finally, KeyCorp reissued a “hold” rating on shares of AptarGroup in a research note on Thursday, August 1st. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. AptarGroup currently has an average rating of “Hold” and a consensus target price of $122.50.

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

A number of institutional investors and hedge funds have recently made changes to their positions in ATR. Krane Funds Advisors LLC purchased a new stake in AptarGroup in the second quarter worth about $25,000. NumerixS Investment Technologies Inc purchased a new stake in shares of AptarGroup during the second quarter valued at approximately $37,000. Cullen Frost Bankers Inc. purchased a new stake in shares of AptarGroup during the second quarter valued at approximately $44,000. Ellis Investment Partners LLC purchased a new stake in shares of AptarGroup during the first quarter valued at approximately $77,000. Finally, Point72 Hong Kong Ltd grew its holdings in shares of AptarGroup by 200.8% during the second quarter. Point72 Hong Kong Ltd now owns 713 shares of the industrial products company’s stock valued at $89,000 after buying an additional 476 shares during the last quarter. Institutional investors and hedge funds own 87.87% of the company’s stock.

Shares of NYSE:ATR traded up $0.52 during midday trading on Friday, hitting $119.85. 7,227 shares of the stock traded hands, compared to its average volume of 293,287. The stock has a market capitalization of $7.70 billion, a PE ratio of 29.96, a P/E/G ratio of 2.75 and a beta of 0.76. The business’s 50 day moving average is $122.20 and its two-hundred day moving average is $112.87. The company has a quick ratio of 1.52, a current ratio of 2.11 and a debt-to-equity ratio of 0.76. AptarGroup has a one year low of $88.26 and a one year high of $126.19.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, July 31st were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Tuesday, July 30th. AptarGroup’s payout ratio is currently 36.00%.

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

Featured Article: Strike Price

Get a free copy of the Zacks research report on AptarGroup (ATR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for AptarGroup (NYSE:ATR)

Receive News & Ratings for AptarGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AptarGroup and related companies with MarketBeat.com's FREE daily email newsletter.