AptarGroup, Inc. (NYSE:ATR) posted its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.80 by $0.03, Bloomberg Earnings reports. AptarGroup had a net margin of 9.24% and a return on equity of 16.82%. The company had revenue of $624.33 million during the quarter, compared to analysts’ expectations of $599.31 million. During the same quarter in the previous year, the business posted $0.82 EPS. The firm’s revenue was up 5.9% on a year-over-year basis. AptarGroup updated its Q4 guidance to $0.68-0.73 EPS.
Shares of AptarGroup (NYSE ATR) opened at $84.91 on Friday. AptarGroup has a 12-month low of $70.75 and a 12-month high of $90.79. The company has a market cap of $5,289.38, a price-to-earnings ratio of 25.73, a P/E/G ratio of 2.98 and a beta of 0.97. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.75 and a quick ratio of 2.29.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 1st will be given a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $1.28 annualized dividend and a yield of 1.51%. AptarGroup’s dividend payout ratio (DPR) is 37.43%.
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ATR has been the subject of several analyst reports. Deutsche Bank AG reiterated a “buy” rating and set a $90.00 price target (up previously from $87.00) on shares of AptarGroup in a report on Tuesday, July 18th. BMO Capital Markets reiterated a “hold” rating and set a $92.00 price target on shares of AptarGroup in a report on Thursday, July 20th. BidaskClub cut shares of AptarGroup from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Vertical Research upgraded shares of AptarGroup from a “sell” rating to a “hold” rating and boosted their price target for the stock from $70.00 to $77.00 in a report on Monday, July 31st. Finally, Jefferies Group LLC restated a “hold” rating and issued a $78.00 target price (down previously from $81.00) on shares of AptarGroup in a report on Monday, July 31st. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $84.57.
In other AptarGroup news, Director Monnas Giovanna Kampouri sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $82.13, for a total transaction of $164,260.00. Following the completion of the transaction, the director now owns 6,469 shares in the company, valued at approximately $531,298.97. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Salim Haffar sold 18,130 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $86.49, for a total transaction of $1,568,063.70. Following the transaction, the insider now owns 39,556 shares of the company’s stock, valued at approximately $3,421,198.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,910 shares of company stock valued at $2,056,799. 5.30% of the stock is owned by insiders.
AptarGroup Company Profile
AptarGroup, Inc is a provider of a range of packaging, dispensing and sealing solutions, primarily for the beauty, personal care, homecare, prescription drug, consumer healthcare, injectables, food and beverage markets. The Company has manufacturing facilities located throughout the world, including North America, Europe, Asia and South America.
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