AptarGroup (ATR) to Release Earnings on Thursday

AptarGroup (NYSE:ATRGet Rating) is set to release its earnings data after the market closes on Thursday, April 28th. Analysts expect AptarGroup to post earnings of $0.97 per share for the quarter. AptarGroup has set its Q1 2022 guidance at $0.920-$1.000 EPS and its Q1 guidance at $0.92-1.00 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

AptarGroup (NYSE:ATRGet Rating) last announced its quarterly earnings data on Thursday, February 17th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.01. AptarGroup had a net margin of 7.56% and a return on equity of 13.35%. The company had revenue of $813.99 million during the quarter, compared to analysts’ expectations of $798.62 million. During the same quarter in the prior year, the company earned $0.92 EPS. On average, analysts expect AptarGroup to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Shares of NYSE ATR opened at $119.50 on Thursday. The company has a current ratio of 1.38, a quick ratio of 0.93 and a debt-to-equity ratio of 0.46. The stock has a market cap of $7.83 billion, a PE ratio of 33.19, a P/E/G ratio of 4.08 and a beta of 0.65. The company has a 50-day moving average of $117.20 and a 200 day moving average of $120.34. AptarGroup has a 12-month low of $110.04 and a 12-month high of $158.97.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 18th. Shareholders of record on Wednesday, April 27th will be issued a $0.38 dividend. The ex-dividend date is Tuesday, April 26th. This represents a $1.52 annualized dividend and a yield of 1.27%. AptarGroup’s payout ratio is 42.22%.

In other AptarGroup news, Director Maritza Gomez Montiel sold 1,092 shares of the stock in a transaction that occurred on Tuesday, February 22nd. The shares were sold at an average price of $117.81, for a total transaction of $128,648.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.20% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the business. JustInvest LLC grew its position in shares of AptarGroup by 24.3% in the 4th quarter. JustInvest LLC now owns 2,572 shares of the industrial products company’s stock valued at $315,000 after buying an additional 503 shares during the last quarter. BlackRock Inc. increased its holdings in AptarGroup by 1.5% during the 4th quarter. BlackRock Inc. now owns 5,639,337 shares of the industrial products company’s stock valued at $690,706,000 after acquiring an additional 81,472 shares in the last quarter. Comerica Bank increased its holdings in AptarGroup by 0.8% during the 4th quarter. Comerica Bank now owns 36,567 shares of the industrial products company’s stock valued at $4,243,000 after acquiring an additional 279 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in AptarGroup by 51.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 163,333 shares of the industrial products company’s stock valued at $20,005,000 after acquiring an additional 55,290 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in shares of AptarGroup by 1.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 251,272 shares of the industrial products company’s stock worth $30,776,000 after buying an additional 4,290 shares in the last quarter. 94.70% of the stock is currently owned by institutional investors.

Several equities analysts have weighed in on ATR shares. Wells Fargo & Company decreased their target price on shares of AptarGroup from $162.00 to $156.00 and set an “overweight” rating on the stock in a report on Wednesday, December 22nd. Morgan Stanley decreased their target price on shares of AptarGroup from $150.00 to $126.00 and set an “equal weight” rating on the stock in a report on Thursday, January 20th. Zacks Investment Research upgraded shares of AptarGroup from a “sell” rating to a “hold” rating and set a $129.00 target price on the stock in a report on Monday, January 3rd. Finally, StockNews.com began coverage on shares of AptarGroup in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $143.00.

About AptarGroup (Get Rating)

AptarGroup, Inc provides a range of dispensing, sealing, and material science 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: Pharma, Beauty + Home, and Food + Beverage.

Further Reading

Earnings History for AptarGroup (NYSE:ATR)

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