AptarGroup (NYSE:ATR) Issues Q2 Earnings Guidance

AptarGroup (NYSE:ATRGet Rating) updated its second quarter earnings guidance on Thursday. The company provided EPS guidance of $0.92-1.02 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.99.

Several brokerages recently commented on ATR. Zacks Investment Research raised AptarGroup from a sell rating to a hold rating and set a $129.00 price target for the company in a research note on Monday, January 3rd. StockNews.com began coverage on AptarGroup in a research report on Thursday, March 31st. They set a hold rating for the company. Finally, Morgan Stanley decreased their target price on AptarGroup from $150.00 to $126.00 and set an equal weight rating for the company in a research report on Thursday, January 20th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Hold and an average price target of $143.00.

Shares of ATR stock traded up $2.73 during trading hours on Friday, reaching $114.83. 640,172 shares of the company’s stock were exchanged, compared to its average volume of 219,916. AptarGroup has a fifty-two week low of $109.55 and a fifty-two week high of $158.97. The stock has a market capitalization of $7.53 billion, a P/E ratio of 34.90, a P/E/G ratio of 3.90 and a beta of 0.65. The business has a fifty day moving average price of $117.01 and a 200-day moving average price of $120.02. The company has a quick ratio of 0.93, a current ratio of 1.38 and a debt-to-equity ratio of 0.46.

AptarGroup (NYSE:ATRGet Rating) last issued its quarterly earnings results on Thursday, April 28th. The industrial products company reported $0.96 EPS for the quarter, hitting analysts’ consensus estimates of $0.96. AptarGroup had a return on equity of 13.35% and a net margin of 7.56%. The company had revenue of $844.93 million during the quarter, compared to analyst estimates of $817.02 million. During the same period in the previous year, the company earned $1.09 earnings per share. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. As a group, research analysts expect that AptarGroup will post 4.07 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 18th. Stockholders of record on Wednesday, April 27th will be issued a dividend of $0.38 per share. The ex-dividend date is Tuesday, April 26th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.32%. AptarGroup’s dividend payout ratio (DPR) is presently 46.20%.

In other news, Director Maritza Gomez Montiel sold 1,092 shares of the company’s stock in a transaction that occurred on Tuesday, February 22nd. The stock was sold at an average price of $117.81, for a total transaction of $128,648.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Marshall Wace LLP acquired a new position in shares of AptarGroup in the fourth quarter valued at $31,000. Comerica Bank raised its stake in AptarGroup by 0.8% during the fourth quarter. Comerica Bank now owns 36,567 shares of the industrial products company’s stock worth $4,243,000 after acquiring an additional 279 shares in the last quarter. Guggenheim Capital LLC raised its stake in AptarGroup by 6.3% during the fourth quarter. Guggenheim Capital LLC now owns 5,507 shares of the industrial products company’s stock worth $674,000 after acquiring an additional 325 shares in the last quarter. JustInvest LLC raised its stake in AptarGroup by 24.3% during the fourth quarter. JustInvest LLC now owns 2,572 shares of the industrial products company’s stock worth $315,000 after acquiring an additional 503 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its stake in AptarGroup by 19.2% during the fourth quarter. Advisors Asset Management Inc. now owns 3,736 shares of the industrial products company’s stock worth $458,000 after acquiring an additional 602 shares in the last quarter. Institutional investors and hedge funds own 94.70% of the company’s stock.

AptarGroup Company Profile (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.

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Earnings History and Estimates for AptarGroup (NYSE:ATR)

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