Wall Street analysts expect AptarGroup, Inc. (NYSE:ATR) to announce $701.88 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for AptarGroup’s earnings. The lowest sales estimate is $695.40 million and the highest is $708.70 million. AptarGroup reported sales of $665.78 million in the same quarter last year, which would suggest a positive year over year growth rate of 5.4%. The business is scheduled to issue its next earnings results after the market closes on Thursday, November 7th.
According to Zacks, analysts expect that AptarGroup will report full year sales of $2.90 billion for the current financial year, with estimates ranging from $2.89 billion to $2.95 billion. For the next year, analysts expect that the company will post sales of $3.05 billion, with estimates ranging from $2.96 billion to $3.12 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow AptarGroup.
AptarGroup (NYSE:ATR) last announced its earnings results on Wednesday, July 31st. The industrial products company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. AptarGroup had a net margin of 7.63% and a return on equity of 18.51%. The business had revenue of $742.66 million during the quarter, compared to analysts’ expectations of $752.11 million. During the same period in the prior year, the company earned $1.09 earnings per share. The business’s revenue was up 4.5% compared to the same quarter last year.
Shares of NYSE:ATR traded down $0.28 on Monday, reaching $120.26. The company’s stock had a trading volume of 294,134 shares, compared to its average volume of 295,357. The stock’s 50-day moving average is $121.97 and its two-hundred day moving average is $113.08. AptarGroup has a 52-week low of $88.26 and a 52-week high of $126.19. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.11 and a quick ratio of 1.52. The stock has a market capitalization of $7.64 billion, a P/E ratio of 30.07, a PEG ratio of 2.73 and a beta of 0.76.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, July 31st were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, July 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.20%. AptarGroup’s dividend payout ratio (DPR) is 36.00%.
In other AptarGroup news, insider Gael Touya sold 10,000 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $119.93, for a total transaction of $1,199,300.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Marc Prieur sold 2,000 shares of the company’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $121.27, for a total transaction of $242,540.00. Following the transaction, the insider now owns 5,760 shares in the company, valued at $698,515.20. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of ATR. Wells Fargo & Company MN grew its position in AptarGroup by 106.1% during the second quarter. Wells Fargo & Company MN now owns 881,861 shares of the industrial products company’s stock worth $109,649,000 after buying an additional 454,013 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of AptarGroup in the first quarter valued at approximately $19,571,000. Nuveen Asset Management LLC acquired a new stake in shares of AptarGroup in the second quarter valued at approximately $20,911,000. Mawer Investment Management Ltd. grew its position in shares of AptarGroup by 23.3% in the first quarter. Mawer Investment Management Ltd. now owns 821,758 shares of the industrial products company’s stock valued at $87,429,000 after purchasing an additional 155,135 shares during the last quarter. Finally, TimesSquare Capital Management LLC acquired a new stake in shares of AptarGroup in the first quarter valued at approximately $15,693,000. Institutional investors own 87.87% of the company’s stock.
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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