AptarGroup, Inc. (ATR) Expected to Post Earnings of $0.98 Per Share

Analysts predict that AptarGroup, Inc. (NYSE:ATR) will announce earnings per share (EPS) of $0.98 for the current quarter, according to Zacks. Five analysts have made estimates for AptarGroup’s earnings. The lowest EPS estimate is $0.97 and the highest is $0.99. AptarGroup posted earnings per share of $0.99 during the same quarter last year, which indicates a negative year-over-year growth rate of 1%. The company is scheduled to report its next quarterly earnings results after the market closes on Tuesday, April 30th.

According to Zacks, analysts expect that AptarGroup will report full-year earnings of $4.24 per share for the current fiscal year, with EPS estimates ranging from $4.02 to $4.40. For the next fiscal year, analysts expect that the company will report earnings of $4.71 per share, with EPS estimates ranging from $4.03 to $5.10. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover AptarGroup.

AptarGroup (NYSE:ATR) last released its quarterly earnings data on Wednesday, February 20th. The industrial products company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.07. AptarGroup had a net margin of 7.04% and a return on equity of 18.66%. The company had revenue of $685.03 million during the quarter, compared to analyst estimates of $668.21 million. During the same period last year, the business earned $0.81 earnings per share. AptarGroup’s revenue was up 9.4% compared to the same quarter last year.



Several brokerages have issued reports on ATR. Zacks Investment Research upgraded shares of AptarGroup from a “sell” rating to a “hold” rating in a research report on Monday. Bank of America reiterated an “underperform” rating and set a $100.00 target price (up from $87.00) on shares of AptarGroup in a research report on Friday, April 5th. Robert W. Baird upgraded shares of AptarGroup from a “neutral” rating to an “outperform” rating and set a $115.00 target price for the company in a research report on Wednesday, February 27th. KeyCorp reiterated a “hold” rating on shares of AptarGroup in a research report on Friday, February 22nd. Finally, Vertical Research lowered shares of AptarGroup from a “hold” rating to a “sell” rating in a research report on Friday, February 22nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. AptarGroup has an average rating of “Hold” and an average price target of $105.78.

Shares of AptarGroup stock opened at $109.94 on Thursday. AptarGroup has a 1 year low of $88.26 and a 1 year high of $112.31. The company has a market cap of $6.82 billion, a price-to-earnings ratio of 27.49, a P/E/G ratio of 2.47 and a beta of 0.81. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.93 and a quick ratio of 1.38.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This is an increase from AptarGroup’s previous quarterly dividend of $0.34. This represents a $1.44 annualized dividend and a dividend yield of 1.31%. AptarGroup’s dividend payout ratio (DPR) is 34.00%.

In other AptarGroup news, Director Stephen J. Hagge sold 3,634 shares of AptarGroup stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $101.28, for a total transaction of $368,051.52. Following the transaction, the director now directly owns 70,671 shares of the company’s stock, valued at $7,157,558.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.00% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Ffcm LLC purchased a new position in shares of AptarGroup in the fourth quarter worth $25,000. Pearl River Capital LLC purchased a new position in AptarGroup during the 4th quarter valued at $26,000. Quantamental Technologies LLC purchased a new position in AptarGroup during the 4th quarter valued at $37,000. NumerixS Investment Technologies Inc purchased a new position in AptarGroup during the 4th quarter valued at $83,000. Finally, Eversept Partners LP purchased a new position in AptarGroup during the 4th quarter valued at $103,000. 91.26% of the stock is currently owned by hedge funds and other institutional investors.

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 through three segments: Beauty + Home, Pharma, and Food + Beverage.

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