Wall Street analysts expect AptarGroup, Inc. (NYSE:ATR) to post $751.87 million in sales for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for AptarGroup’s earnings. The highest sales estimate is $764.90 million and the lowest is $735.00 million. AptarGroup reported sales of $710.61 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.8%. The company is expected to issue its next quarterly earnings results on Thursday, July 25th.
According to Zacks, analysts expect that AptarGroup will report full year sales of $2.96 billion for the current financial year, with estimates ranging from $2.90 billion to $3.12 billion. For the next financial year, analysts anticipate that the firm will post sales of $3.07 billion, with estimates ranging from $2.89 billion to $3.29 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover AptarGroup.
AptarGroup (NYSE:ATR) last issued its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.09. AptarGroup had a return on equity of 18.90% and a net margin of 7.07%. The firm had revenue of $744.46 million during the quarter, compared to analyst estimates of $743.68 million. During the same quarter in the previous year, the company posted $0.99 earnings per share. The company’s revenue was up 5.8% compared to the same quarter last year.
In related news, Director Stephen J. Hagge sold 3,634 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $101.28, for a total transaction of $368,051.52. Following the transaction, the director now owns 70,671 shares in the company, valued at approximately $7,157,558.88. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Eldon W. Schaffer II sold 20,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $113.80, for a total value of $2,276,000.00. Following the transaction, the insider now owns 65,115 shares in the company, valued at approximately $7,410,087. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,634 shares of company stock worth $3,210,802. Company insiders own 3.00% of the company’s stock.
A number of large investors have recently made changes to their positions in ATR. FMR LLC increased its holdings in AptarGroup by 92.3% during the 4th quarter. FMR LLC now owns 2,001,521 shares of the industrial products company’s stock valued at $188,283,000 after purchasing an additional 960,567 shares during the period. Norges Bank purchased a new position in AptarGroup during the 4th quarter valued at about $47,857,000. Bessemer Group Inc. increased its holdings in AptarGroup by 105.4% during the 4th quarter. Bessemer Group Inc. now owns 817,478 shares of the industrial products company’s stock valued at $76,900,000 after purchasing an additional 419,489 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in AptarGroup during the 1st quarter valued at about $19,571,000. Finally, BlackRock Inc. increased its holdings in AptarGroup by 3.3% during the 4th quarter. BlackRock Inc. now owns 5,529,612 shares of the industrial products company’s stock valued at $520,170,000 after purchasing an additional 174,573 shares during the period. Institutional investors own 89.74% of the company’s stock.
ATR stock traded down $0.03 during mid-day trading on Monday, hitting $112.93. 117,688 shares of the stock were exchanged, compared to its average volume of 198,942. The company has a quick ratio of 1.51, a current ratio of 2.13 and a debt-to-equity ratio of 0.82. AptarGroup has a 12 month low of $88.26 and a 12 month high of $115.52. The firm has a market cap of $7.14 billion, a P/E ratio of 28.23, a price-to-earnings-growth ratio of 2.51 and a beta of 0.81.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 1st were issued a $0.36 dividend. The ex-dividend date was Tuesday, April 30th. This represents a $1.44 annualized dividend and a dividend yield of 1.28%. This is an increase from AptarGroup’s previous quarterly dividend of $0.34. AptarGroup’s payout ratio is currently 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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