AptarGroup (ATR) Scheduled to Post Quarterly Earnings on Thursday

AptarGroup (NYSE:ATR) is set to announce its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $1.12 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

AptarGroup (NYSE:ATR) last released its quarterly earnings data on Friday, February 9th. The industrial products company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.09. AptarGroup had a net margin of 8.16% and a return on equity of 14.46%. The business had revenue of $838.48 million for the quarter, compared to analyst estimates of $842.50 million. During the same quarter last year, the firm earned $0.92 EPS. AptarGroup’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, analysts expect AptarGroup to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

AptarGroup Trading Down 0.1 %

ATR stock opened at $138.40 on Thursday. The company has a fifty day moving average price of $140.41 and a two-hundred day moving average price of $131.39. AptarGroup has a one year low of $111.63 and a one year high of $145.35. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.24 and a quick ratio of 0.83. The stock has a market cap of $9.16 billion, a price-to-earnings ratio of 32.56, a price-to-earnings-growth ratio of 3.78 and a beta of 0.59.

AptarGroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, April 25th will be given a $0.41 dividend. The ex-dividend date is Wednesday, April 24th. This represents a $1.64 annualized dividend and a yield of 1.18%. AptarGroup’s payout ratio is currently 38.59%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Robert W. Baird upgraded AptarGroup from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $125.00 to $150.00 in a research note on Wednesday, January 3rd. Wells Fargo & Company boosted their price objective on AptarGroup from $157.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, March 7th.

Insider Buying and Selling at AptarGroup

In other AptarGroup news, CEO Stephan B. Tanda sold 32,000 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $141.67, for a total transaction of $4,533,440.00. Following the sale, the chief executive officer now owns 159,024 shares of the company’s stock, valued at approximately $22,528,930.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Gael Touya sold 3,500 shares of AptarGroup stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $142.84, for a total value of $499,940.00. Following the sale, the insider now directly owns 33,426 shares in the company, valued at $4,774,569.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephan B. Tanda sold 32,000 shares of AptarGroup stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $141.67, for a total transaction of $4,533,440.00. Following the completion of the sale, the chief executive officer now owns 159,024 shares in the company, valued at $22,528,930.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,500 shares of company stock valued at $5,318,280. 1.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. 1832 Asset Management L.P. bought a new position in shares of AptarGroup during the 1st quarter worth approximately $30,000. Belpointe Asset Management LLC increased its position in shares of AptarGroup by 60.3% during the first quarter. Belpointe Asset Management LLC now owns 351 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 132 shares during the last quarter. Harbour Investments Inc. purchased a new position in AptarGroup in the fourth quarter valued at about $74,000. Rockefeller Capital Management L.P. lifted its stake in AptarGroup by 175.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 903 shares of the industrial products company’s stock valued at $99,000 after purchasing an additional 575 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in AptarGroup by 126.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,142 shares of the industrial products company’s stock valued at $126,000 after purchasing an additional 637 shares during the last quarter. Institutional investors and hedge funds own 88.52% of the company’s stock.

AptarGroup Company Profile

AptarGroup, Inc designs and manufactures a range of drug delivery, consumer product dispensing, and active material science solutions and services for the pharmaceutical, beauty, personal care, home care, and food and beverage markets. The company operates through Aptar Pharma, Aptar Beauty, and Aptar Closures segments.