AptarGroup, Inc. (NYSE:ATR) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.68-0.73 for the period, compared to the Thomson Reuters consensus estimate of $0.73.
ATR has been the subject of several recent analyst reports. KeyCorp reiterated a hold rating on shares of AptarGroup in a research note on Friday, September 22nd. Deutsche Bank AG reiterated a buy rating and issued a $90.00 price objective (up previously from $87.00) on shares of AptarGroup in a research note on Tuesday, July 18th. Robert W. Baird reiterated a hold rating and issued a $85.00 price objective on shares of AptarGroup in a research note on Thursday, October 12th. BMO Capital Markets reissued a hold rating and set a $92.00 price target on shares of AptarGroup in a report on Thursday, July 20th. Finally, BidaskClub downgraded shares of AptarGroup from a buy rating to a hold rating in a report on Thursday, August 10th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. AptarGroup has a consensus rating of Hold and an average price target of $84.57.
AptarGroup, Inc. (ATR) opened at $84.91 on Friday. The company has a quick ratio of 2.29, a current ratio of 2.75 and a debt-to-equity ratio of 0.96. AptarGroup, Inc. 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 P/E ratio of 25.73, a PEG ratio of 2.98 and a beta of 0.97.
AptarGroup (NYSE:ATR) last issued its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.03. The company had revenue of $624.33 million during the quarter, compared to the consensus estimate of $599.31 million. AptarGroup had a net margin of 9.24% and a return on equity of 16.82%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.82 earnings per share. sell-side analysts expect that AptarGroup, Inc. will post 3.35 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 1st will be given a dividend of $0.32 per share. The ex-dividend date is Tuesday, October 31st. This represents a $1.28 annualized dividend and a dividend yield of 1.51%. AptarGroup’s dividend payout ratio is presently 37.43%.
In other AptarGroup news, Director Maritza Gomez Montiel sold 3,780 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $85.84, for a total value of $324,475.20. Following the transaction, the director now directly owns 3,336 shares in the company, valued at approximately $286,362.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Monnas Giovanna Kampouri sold 2,000 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $82.13, for a total transaction of $164,260.00. Following the transaction, the director now directly owns 6,469 shares of the company’s stock, valued at approximately $531,298.97. The disclosure for this sale can be found here. Insiders sold a total of 23,910 shares of company stock worth $2,056,799 over the last ninety days. Corporate insiders own 5.30% of the company’s stock.
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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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