AptarGroup (NYSE:ATR) Announces Quarterly Earnings Results, Beats Expectations By $0.02 EPS

AptarGroup (NYSE:ATR) released its quarterly earnings data on Wednesday. The industrial products company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02, Briefing.com reports. AptarGroup had a return on equity of 19.01% and a net margin of 7.63%. The company had revenue of $742.66 million during the quarter, compared to the consensus estimate of $752.11 million. During the same period last year, the company earned $1.09 EPS. AptarGroup’s revenue for the quarter was up 4.5% on a year-over-year basis. AptarGroup updated its Q3 guidance to $0.91-0.97 EPS.

Shares of AptarGroup stock traded up $0.46 during trading hours on Friday, reaching $118.02. 316,584 shares of the stock traded hands, compared to its average volume of 228,654. The business’s 50 day moving average is $122.50. The company has a market capitalization of $7.65 billion, a price-to-earnings ratio of 29.51, a price-to-earnings-growth ratio of 2.69 and a beta of 0.76. AptarGroup has a one year low of $88.26 and a one year high of $126.19. The company has a quick ratio of 1.51, a current ratio of 2.13 and a debt-to-equity ratio of 0.82.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Wednesday, July 31st will be paid a dividend of $0.36 per share. The ex-dividend date is Tuesday, July 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.22%. AptarGroup’s dividend payout ratio is currently 36.00%.

Several equities research analysts recently commented on ATR shares. UBS Group lifted their price objective on AptarGroup from $115.00 to $122.00 and gave the stock a “neutral” rating in a report on Thursday. KeyCorp reiterated a “hold” rating on shares of AptarGroup in a report on Thursday. Deutsche Bank reiterated a “buy” rating and issued a $124.00 price objective on shares of AptarGroup in a report on Thursday, May 2nd. Morgan Stanley started coverage on AptarGroup in a report on Monday, July 8th. They issued an “overweight” rating and a $144.00 price objective for the company. Finally, Zacks Investment Research upgraded AptarGroup from a “sell” rating to a “hold” rating in a report on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. AptarGroup currently has an average rating of “Hold” and a consensus price target of $121.00.

In other AptarGroup news, insider Marc Prieur sold 2,000 shares of the business’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 completion of the sale, the insider now directly owns 5,760 shares in the company, valued at approximately $698,515.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Gael Touya sold 10,000 shares of the business’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $119.93, for a total value of $1,199,300.00. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Cullen Frost Bankers Inc. bought a new stake in shares of AptarGroup during the 2nd quarter valued at about $44,000. Ellis Investment Partners LLC bought a new stake in shares of AptarGroup during the 1st quarter valued at about $77,000. Hilton Capital Management LLC bought a new stake in shares of AptarGroup during the 1st quarter valued at about $132,000. ETF Managers Group LLC grew its stake in shares of AptarGroup by 10.8% during the 1st quarter. ETF Managers Group LLC now owns 1,609 shares of the industrial products company’s stock valued at $171,000 after purchasing an additional 157 shares during the period. Finally, NEXT Financial Group Inc bought a new stake in shares of AptarGroup during the 2nd quarter valued at about $178,000. Institutional investors and hedge funds own 89.67% of the company’s stock.

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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Earnings History for AptarGroup (NYSE:ATR)

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