$744.80 Million in Sales Expected for AptarGroup, Inc. (NYSE:ATR) This Quarter
Equities research analysts predict that AptarGroup, Inc. (NYSE:ATR) will post sales of $744.80 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for AptarGroup’s earnings. The lowest sales estimate is $740.00 million and the highest is $749.60 million. AptarGroup posted sales of $744.46 million during the same quarter last year, which would indicate a positive year over year growth rate of 0%. The firm is expected to report its next quarterly earnings report on Tuesday, May 5th.
On average, analysts expect that AptarGroup will report full year sales of $2.98 billion for the current fiscal year, with estimates ranging from $2.93 billion to $3.10 billion. For the next year, analysts forecast that the business will report sales of $3.14 billion, with estimates ranging from $3.07 billion to $3.29 billion. Zacks’ sales averages are an average based on a survey of analysts that follow AptarGroup.
AptarGroup (NYSE:ATR) last posted its earnings results on Thursday, February 20th. The industrial products company reported $0.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.02. AptarGroup had a net margin of 8.47% and a return on equity of 16.92%. The firm had revenue of $671.30 million during the quarter, compared to analysts’ expectations of $678.01 million. During the same period last year, the company posted $0.92 EPS. The company’s quarterly revenue was down 2.0% compared to the same quarter last year.
Shares of NYSE:ATR traded down $2.77 on Monday, hitting $109.21. The company had a trading volume of 438,824 shares, compared to its average volume of 260,869. The firm’s 50-day simple moving average is $115.78 and its two-hundred day simple moving average is $115.94. AptarGroup has a 1 year low of $99.21 and a 1 year high of $126.19. The company has a quick ratio of 1.34, a current ratio of 1.89 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $7.16 billion, a price-to-earnings ratio of 29.84, a P/E/G ratio of 2.56 and a beta of 0.66.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, January 28th. This represents a $1.44 dividend on an annualized basis and a yield of 1.32%. AptarGroup’s dividend payout ratio (DPR) is currently 36.46%.
In other AptarGroup news, Director George L. Fotiades sold 19,000 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $116.66, for a total transaction of $2,216,540.00. Following the completion of the sale, the director now directly owns 22,997 shares in the company, valued at approximately $2,682,830.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Maritza Gomez Montiel sold 2,313 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $112.73, for a total transaction of $260,744.49. Over the last three months, insiders have sold 23,564 shares of company stock valued at $2,733,898. 3.00% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the business. Procyon Private Wealth Partners LLC bought a new stake in AptarGroup during the 4th quarter valued at about $353,000. Geode Capital Management LLC increased its stake in AptarGroup by 11.7% during the 4th quarter. Geode Capital Management LLC now owns 809,838 shares of the industrial products company’s stock valued at $93,633,000 after purchasing an additional 85,126 shares in the last quarter. Mason Street Advisors LLC increased its stake in AptarGroup by 1.2% during the 4th quarter. Mason Street Advisors LLC now owns 34,002 shares of the industrial products company’s stock valued at $3,931,000 after purchasing an additional 417 shares in the last quarter. HM Payson & Co. increased its stake in AptarGroup by 8.7% during the 4th quarter. HM Payson & Co. now owns 1,565 shares of the industrial products company’s stock valued at $181,000 after purchasing an additional 125 shares in the last quarter. Finally, Brinker Capital Inc. increased its stake in AptarGroup by 2.3% during the 4th quarter. Brinker Capital Inc. now owns 6,949 shares of the industrial products company’s stock valued at $803,000 after purchasing an additional 159 shares in the last quarter. Institutional investors and hedge funds own 88.22% 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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