Analysts Anticipate AptarGroup, Inc. (ATR) to Announce $1.02 EPS

Equities research analysts predict that AptarGroup, Inc. (NYSE:ATR) will announce $1.02 earnings per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for AptarGroup’s earnings, with the lowest EPS estimate coming in at $1.00 and the highest estimate coming in at $1.04. AptarGroup reported earnings per share of $1.01 in the same quarter last year, which would indicate a positive year over year growth rate of 1%. The company is expected to issue its next quarterly earnings results on Thursday, July 26th.

On average, analysts expect that AptarGroup will report full year earnings of $3.83 per share for the current year, with EPS estimates ranging from $3.70 to $3.95. For the next financial year, analysts forecast that the firm will report earnings of $4.22 per share, with EPS estimates ranging from $3.88 to $4.40. Zacks’ EPS averages are a mean average based on a survey of research firms that follow AptarGroup.

AptarGroup (NYSE:ATR) last posted its quarterly earnings results on Thursday, April 26th. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.06. AptarGroup had a net margin of 8.85% and a return on equity of 17.53%. The company had revenue of $703.35 million during the quarter, compared to analyst estimates of $674.84 million. During the same period last year, the firm posted $0.77 EPS. AptarGroup’s revenue for the quarter was up 17.0% compared to the same quarter last year.

Several research firms have recently weighed in on ATR. Zacks Investment Research raised shares of AptarGroup from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a report on Wednesday, January 31st. Wells Fargo & Co reaffirmed a “market perform” rating and set a $90.00 target price (up from $83.00) on shares of AptarGroup in a report on Wednesday, February 14th. Robert W. Baird reaffirmed a “hold” rating and set a $92.00 target price on shares of AptarGroup in a report on Wednesday, February 14th. ValuEngine raised shares of AptarGroup from a “hold” rating to a “buy” rating in a report on Wednesday, April 11th. Finally, KeyCorp reaffirmed a “hold” rating on shares of AptarGroup in a report on Friday, April 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. AptarGroup presently has a consensus rating of “Hold” and a consensus target price of $90.57.

In related news, Director Stephen J. Hagge sold 5,612 shares of AptarGroup stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $88.65, for a total value of $497,503.80. Following the sale, the director now owns 84,001 shares of the company’s stock, valued at approximately $7,446,688.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director King W. Harris sold 50,000 shares of AptarGroup stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $93.29, for a total transaction of $4,664,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 216,090 shares of company stock valued at $19,689,075. Insiders own 5.30% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in AptarGroup by 3.8% in the 1st quarter. BlackRock Inc. now owns 5,366,466 shares of the industrial products company’s stock valued at $482,069,000 after acquiring an additional 194,562 shares during the period. Atlanta Capital Management Co. L L C grew its stake in AptarGroup by 7.9% in the 1st quarter. Atlanta Capital Management Co. L L C now owns 3,872,169 shares of the industrial products company’s stock valued at $347,837,000 after acquiring an additional 282,170 shares during the period. Victory Capital Management Inc. grew its stake in AptarGroup by 19.5% in the 1st quarter. Victory Capital Management Inc. now owns 1,923,289 shares of the industrial products company’s stock valued at $172,770,000 after acquiring an additional 313,441 shares during the period. Champlain Investment Partners LLC grew its stake in AptarGroup by 0.7% in the 1st quarter. Champlain Investment Partners LLC now owns 1,739,675 shares of the industrial products company’s stock valued at $156,275,000 after acquiring an additional 12,075 shares during the period. Finally, BTIM Corp. grew its stake in AptarGroup by 4.0% in the 4th quarter. BTIM Corp. now owns 986,274 shares of the industrial products company’s stock valued at $85,096,000 after acquiring an additional 38,201 shares during the period. 89.70% of the stock is currently owned by hedge funds and other institutional investors.

AptarGroup traded up $0.05, reaching $94.08, during trading on Friday, according to Marketbeat.com. 154,961 shares of the company’s stock were exchanged, compared to its average volume of 358,340. AptarGroup has a 1 year low of $79.97 and a 1 year high of $96.39. The company has a current ratio of 3.16, a quick ratio of 2.55 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $5.87 billion, a PE ratio of 27.35, a P/E/G ratio of 2.89 and a beta of 0.79.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 30th. Stockholders of record on Wednesday, May 9th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Tuesday, May 8th. AptarGroup’s dividend payout ratio (DPR) is 37.21%.

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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