$0.95 EPS Expected for AptarGroup, Inc. (NYSE:ATR) This Quarter

Wall Street brokerages forecast that AptarGroup, Inc. (NYSE:ATR) will report earnings of $0.95 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for AptarGroup’s earnings. The lowest EPS estimate is $0.94 and the highest is $0.97. AptarGroup posted earnings per share of $0.99 in the same quarter last year, which suggests a negative year-over-year growth rate of 4%. The company is expected to report its next quarterly earnings report after the market closes on Thursday, October 31st.

On average, analysts expect that AptarGroup will report full-year earnings of $4.16 per share for the current year, with EPS estimates ranging from $4.09 to $4.20. For the next year, analysts anticipate that the business will post earnings of $4.68 per share, with EPS estimates ranging from $4.18 to $5.20. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for AptarGroup.

AptarGroup (NYSE:ATR) last posted its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $1.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.02. The business had revenue of $742.66 million during the quarter, compared to the consensus estimate of $752.11 million. AptarGroup had a net margin of 7.63% and a return on equity of 18.51%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.09 earnings per share.

Several research firms have recently issued reports on ATR. KeyCorp reaffirmed a “hold” rating on shares of AptarGroup in a research report on Thursday, August 1st. Zacks Investment Research raised shares of AptarGroup from a “sell” rating to a “hold” rating and set a $123.00 price objective for the company in a research report on Monday, October 14th. ValuEngine cut shares of AptarGroup from a “buy” rating to a “hold” rating in a research report on Monday, September 16th. UBS Group lifted their price objective on shares of AptarGroup from $115.00 to $122.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Finally, Morgan Stanley began coverage on shares of AptarGroup in a research report on Monday, July 8th. They set an “overweight” rating and a $144.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. AptarGroup presently has a consensus rating of “Hold” and an average price target of $121.33.

In related news, Director Joanne C. Dr Smith sold 5,749 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $118.65, for a total value of $682,118.85. Following the completion of the sale, the director now directly owns 20,053 shares of the company’s stock, valued at $2,379,288.45. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 3.00% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in ATR. Krane Funds Advisors LLC purchased a new stake in shares of AptarGroup in the second quarter valued at about $25,000. NumerixS Investment Technologies Inc purchased a new stake in shares of AptarGroup in the second quarter valued at about $37,000. Cullen Frost Bankers Inc. purchased a new stake in shares of AptarGroup in the second quarter valued at about $44,000. Point72 Hong Kong Ltd raised its holdings in shares of AptarGroup by 200.8% in the second quarter. Point72 Hong Kong Ltd now owns 713 shares of the industrial products company’s stock valued at $89,000 after buying an additional 476 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. purchased a new stake in shares of AptarGroup in the second quarter valued at about $179,000. 89.18% of the stock is owned by hedge funds and other institutional investors.

Shares of AptarGroup stock traded down $0.03 during trading on Thursday, hitting $117.34. 121,267 shares of the stock were exchanged, compared to its average volume of 240,282. The stock has a market cap of $7.52 billion, a price-to-earnings ratio of 29.34, a price-to-earnings-growth ratio of 2.72 and a beta of 0.72. The firm’s 50-day moving average price is $117.82 and its 200 day moving average price is $117.81. AptarGroup has a 12-month low of $88.26 and a 12-month high of $126.19. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.11 and a quick ratio of 1.52.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th will be given a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, October 29th. This represents a $1.44 dividend on an annualized basis and a yield of 1.23%. AptarGroup’s dividend payout ratio (DPR) is presently 36.00%.

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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Earnings History and Estimates for AptarGroup (NYSE:ATR)

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