AptarGroup (NYSE:ATR) Announces Earnings Results
AptarGroup (NYSE:ATR) announced its quarterly earnings results on Thursday. The industrial products company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.13, MarketWatch Earnings reports. The business had revenue of $699.31 million during the quarter, compared to analysts’ expectations of $655.01 million. AptarGroup had a return on equity of 14.59% and a net margin of 7.24%. AptarGroup updated its Q3 2020
After-Hours guidance to 0.80-0.88 EPS and its Q3 guidance to $0.80-0.88 EPS.
Shares of AptarGroup stock traded down $2.71 during trading hours on Friday, reaching $115.20. 668,147 shares of the company’s stock were exchanged, compared to its average volume of 268,564. AptarGroup has a 52-week low of $79.84 and a 52-week high of $124.00. The company has a fifty day moving average of $112.85 and a 200-day moving average of $108.64. The company has a current ratio of 1.70, a quick ratio of 1.28 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $7.39 billion, a price-to-earnings ratio of 37.77, a price-to-earnings-growth ratio of 5.32 and a beta of 0.63.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Wednesday, July 29th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, July 28th. This represents a $1.44 annualized dividend and a yield of 1.25%. AptarGroup’s dividend payout ratio (DPR) is presently 36.46%.
In related news, insider Marc Prieur sold 1,583 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $111.04, for a total value of $175,776.32. Following the completion of the transaction, the insider now directly owns 11,427 shares in the company, valued at $1,268,854.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.70% of the stock is owned by insiders.
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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