Zacks: Analysts Expect AptarGroup, Inc. (NYSE:ATR) to Announce $0.96 Earnings Per Share

Wall Street brokerages expect AptarGroup, Inc. (NYSE:ATRGet Rating) to post earnings per share (EPS) of $0.96 for the current fiscal quarter, according to Zacks. Four analysts have made estimates for AptarGroup’s earnings, with the highest EPS estimate coming in at $0.98 and the lowest estimate coming in at $0.94. AptarGroup posted earnings per share of $0.91 during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.5%. The company is scheduled to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that AptarGroup will report full-year earnings of $4.01 per share for the current financial year, with EPS estimates ranging from $3.90 to $4.05. For the next financial year, analysts expect that the company will post earnings of $4.48 per share, with EPS estimates ranging from $4.05 to $4.76. Zacks’ EPS calculations are a mean average based on a survey of analysts that follow AptarGroup.

AptarGroup (NYSE:ATRGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The industrial products company reported $0.96 earnings per share for the quarter, hitting the consensus estimate of $0.96. AptarGroup had a net margin of 6.75% and a return on equity of 12.70%. The business had revenue of $844.93 million during the quarter, compared to analysts’ expectations of $817.02 million. During the same quarter in the prior year, the business posted $1.09 earnings per share. AptarGroup’s revenue was up 8.8% compared to the same quarter last year.

ATR has been the subject of several recent analyst reports. Morgan Stanley cut their target price on AptarGroup from $150.00 to $126.00 and set an “equal weight” rating for the company in a research note on Thursday, January 20th. Wells Fargo & Company dropped their price objective on AptarGroup from $156.00 to $150.00 in a research report on Monday, May 2nd. Finally, started coverage on AptarGroup in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, AptarGroup presently has an average rating of “Hold” and an average target price of $137.00.

In related news, Director Maritza Gomez Montiel sold 1,092 shares of the firm’s stock in a transaction 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 this link. 1.20% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Atticus Wealth Management LLC bought a new position in AptarGroup during the fourth quarter worth $26,000. UMB Bank N A MO acquired a new stake in AptarGroup during the 4th quarter worth about $28,000. Marshall Wace LLP bought a new position in shares of AptarGroup in the 4th quarter worth about $31,000. Lumature Wealth Partners LLC lifted its stake in shares of AptarGroup by 64.2% in the 4th quarter. Lumature Wealth Partners LLC now owns 261 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 102 shares during the period. Finally, SouthState Corp acquired a new stake in AptarGroup during the third quarter worth approximately $33,000. Institutional investors own 87.70% of the company’s stock.

Shares of NYSE ATR traded down $1.57 during trading hours on Friday, hitting $111.23. 331,810 shares of the stock were exchanged, compared to its average volume of 251,948. The company’s fifty day simple moving average is $116.44 and its two-hundred day simple moving average is $119.64. The company has a market cap of $7.29 billion, a PE ratio of 33.81, a price-to-earnings-growth ratio of 4.16 and a beta of 0.63. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.37 and a current ratio of 1.91. AptarGroup has a 1-year low of $109.55 and a 1-year high of $158.97.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 18th. Stockholders of record on Wednesday, April 27th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Tuesday, April 26th. AptarGroup’s payout ratio is 46.20%.

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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