Analysts Issue Forecasts for AptarGroup, Inc.’s Q1 2018 Earnings (ATR)
AptarGroup, Inc. (NYSE:ATR) – Research analysts at KeyCorp issued their Q1 2018 EPS estimates for shares of AptarGroup in a report released on Tuesday. KeyCorp analyst A. Josephson expects that the industrial products company will post earnings per share of $0.94 for the quarter. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for AptarGroup’s Q2 2018 earnings at $1.06 EPS, Q3 2018 earnings at $0.94 EPS, Q4 2018 earnings at $0.81 EPS and FY2019 earnings at $4.00 EPS.
AptarGroup (NYSE:ATR) last posted its quarterly earnings results on Monday, February 12th. The industrial products company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.10. AptarGroup had a net margin of 8.91% and a return on equity of 16.97%. The business had revenue of $625.90 million during the quarter, compared to analysts’ expectations of $577.17 million. During the same quarter in the prior year, the company posted $0.69 EPS. The business’s revenue for the quarter was up 16.1% on a year-over-year basis.
Shares of AptarGroup (NYSE ATR) opened at $90.66 on Thursday. AptarGroup has a one year low of $72.86 and a one year high of $92.32. The company has a quick ratio of 2.29, a current ratio of 3.16 and a debt-to-equity ratio of 0.91. The firm has a market cap of $5,589.00, a P/E ratio of 26.51, a PEG ratio of 2.94 and a beta of 0.88.
Several hedge funds have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of AptarGroup by 2.0% in the 4th quarter. BlackRock Inc. now owns 5,171,904 shares of the industrial products company’s stock worth $446,231,000 after acquiring an additional 101,984 shares during the last quarter. Champlain Investment Partners LLC lifted its holdings in AptarGroup by 8.1% during the 4th quarter. Champlain Investment Partners LLC now owns 1,727,600 shares of the industrial products company’s stock worth $149,057,000 after buying an additional 129,205 shares in the last quarter. BTIM Corp. lifted its holdings in AptarGroup by 4.0% during the 4th quarter. BTIM Corp. now owns 986,274 shares of the industrial products company’s stock worth $85,096,000 after buying an additional 38,201 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in AptarGroup by 1.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 790,477 shares of the industrial products company’s stock worth $68,225,000 after buying an additional 8,515 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in AptarGroup by 4.3% during the 4th quarter. Wells Fargo & Company MN now owns 723,746 shares of the industrial products company’s stock worth $62,444,000 after buying an additional 29,580 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.
In other news, CFO Robert Kuhn sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $87.43, for a total value of $437,150.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Ralf K. Wunderlich sold 26,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $87.03, for a total transaction of $2,262,780.00. The disclosure for this sale can be found here. Corporate insiders own 5.30% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 21st. Stockholders of record on Wednesday, January 31st will be issued a $0.32 dividend. The ex-dividend date is Tuesday, January 30th. This represents a $1.28 annualized dividend and a dividend yield of 1.41%. AptarGroup’s dividend payout ratio is currently 37.43%.
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AptarGroup Company Profile
AptarGroup, Inc is a provider of a range of packaging, dispensing and sealing solutions, primarily for the beauty, personal care, homecare, prescription drug, consumer healthcare, injectables, food and beverage markets. The Company has manufacturing facilities located throughout the world, including North America, Europe, Asia and South America.
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