Brokerages predict that AptarGroup, Inc. (NYSE:ATR) will announce $820.61 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for AptarGroup’s earnings, with the lowest sales estimate coming in at $796.10 million and the highest estimate coming in at $839.70 million. AptarGroup posted sales of $721.55 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 13.7%. The firm is scheduled to announce its next earnings results on Thursday, April 29th.
On average, analysts expect that AptarGroup will report full-year sales of $3.15 billion for the current fiscal year, with estimates ranging from $3.00 billion to $3.29 billion. For the next year, analysts anticipate that the firm will post sales of $3.30 billion, with estimates ranging from $3.18 billion to $3.41 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow AptarGroup.
AptarGroup (NYSE:ATR) last released its earnings results on Wednesday, February 17th. The industrial products company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. AptarGroup had a net margin of 7.34% and a return on equity of 14.24%.
Several equities analysts have recently commented on ATR shares. Deutsche Bank Aktiengesellschaft boosted their price objective on AptarGroup from $127.00 to $152.00 and gave the company a “buy” rating in a research report on Wednesday, January 20th. Morgan Stanley upped their price target on AptarGroup from $122.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 12th. Finally, Wells Fargo & Company increased their price objective on shares of AptarGroup from $135.00 to $165.00 and gave the company an “overweight” rating in a report on Monday, January 11th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $136.67.
Shares of ATR traded down $0.98 during trading hours on Thursday, reaching $128.12. 8,227 shares of the stock traded hands, compared to its average volume of 212,432. The company has a current ratio of 1.69, a quick ratio of 1.21 and a debt-to-equity ratio of 0.59. AptarGroup has a 52-week low of $79.84 and a 52-week high of $144.76. The company’s 50-day moving average price is $138.58 and its two-hundred day moving average price is $126.03. The company has a market cap of $8.29 billion, a P/E ratio of 40.62, a price-to-earnings-growth ratio of 4.82 and a beta of 0.63.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 17th. Investors of record on Wednesday, January 27th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date was Tuesday, January 26th. AptarGroup’s dividend payout ratio (DPR) is presently 36.46%.
In related news, insider Marc Prieur sold 4,026 shares of AptarGroup stock in a transaction dated Wednesday, December 9th. The stock was sold at an average price of $129.03, for a total value of $519,474.78. Following the completion of the transaction, the insider now owns 13,927 shares in the company, valued at $1,797,000.81. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.70% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Stratos Wealth Partners LTD. raised its holdings in AptarGroup by 9.2% during the 4th quarter. Stratos Wealth Partners LTD. now owns 9,804 shares of the industrial products company’s stock valued at $1,342,000 after buying an additional 826 shares during the period. Sirios Capital Management L P raised its stake in shares of AptarGroup by 20.0% in the third quarter. Sirios Capital Management L P now owns 53,347 shares of the industrial products company’s stock valued at $6,039,000 after acquiring an additional 8,892 shares during the period. Royce & Associates LP lifted its holdings in shares of AptarGroup by 4.4% in the 3rd quarter. Royce & Associates LP now owns 193,561 shares of the industrial products company’s stock worth $21,911,000 after acquiring an additional 8,082 shares during the last quarter. Park Avenue Securities LLC bought a new stake in shares of AptarGroup in the 4th quarter worth about $243,000. Finally, Paloma Partners Management Co boosted its stake in shares of AptarGroup by 16.1% during the 3rd quarter. Paloma Partners Management Co now owns 12,820 shares of the industrial products company’s stock worth $1,451,000 after purchasing an additional 1,781 shares during the period. 87.04% of the stock is owned by institutional investors and hedge funds.
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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