AptarGroup, Inc. (NYSE:ATR) issued an update on its first quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.72-0.77 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.76.
AptarGroup, Inc. (NYSE:ATR) opened at 74.79 on Monday. The company has a market capitalization of $4.68 billion, a P/E ratio of 23.59 and a beta of 0.97. The stock’s 50 day moving average price is $73.37 and its 200 day moving average price is $75.35. AptarGroup, Inc. has a 52 week low of $70.32 and a 52 week high of $81.50.
AptarGroup (NYSE:ATR) last announced its earnings results on Thursday, February 9th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.66 by $0.03. AptarGroup had a return on equity of 16.27% and a net margin of 8.82%. The company had revenue of $539 million for the quarter, compared to analyst estimates of $560.12 million. During the same quarter in the prior year, the company earned $0.67 EPS. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. Analysts anticipate that AptarGroup, Inc. will post $3.30 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 22nd. Shareholders of record on Wednesday, February 1st will be issued a $0.32 dividend. The ex-dividend date is Monday, January 30th. This represents a $1.28 annualized dividend and a yield of 1.71%. AptarGroup’s payout ratio is currently 40.38%.
ATR has been the topic of several recent research reports. Jefferies Group LLC reiterated a hold rating and issued a $83.00 price target on shares of AptarGroup in a report on Thursday, October 20th. Vertical Research upgraded AptarGroup from a sell rating to a hold rating in a report on Monday, October 31st. Vertical Group upgraded AptarGroup from a sell rating to a hold rating in a report on Monday, October 31st. Bank of America Corporation lowered AptarGroup from a buy rating to an underperform rating in a report on Wednesday, December 7th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded AptarGroup from a sell rating to a hold rating in a report on Wednesday, December 28th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The company has an average rating of Hold and a consensus target price of $80.50.
In other news, insider Stephen J. Hagge sold 30,000 shares of the stock in a transaction that occurred on Tuesday, November 29th. The stock was sold at an average price of $75.41, for a total value of $2,262,300.00. Following the completion of the sale, the insider now directly owns 101,159 shares of the company’s stock, valued at $7,628,400.19. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 5.50% of the company’s stock.
AptarGroup, Inc is a provider of a range of packaging, dispensing and sealing solutions, primarily for the beauty, personal care, home care, prescription drug, consumer healthcare, injectables, food and beverage markets. The Company has manufacturing facilities located in North America, Europe, Asia and South America.
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