AptarGroup (NYSE:ATR) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.80-0.88 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.79. AptarGroup also updated its Q3 2020
After-Hours guidance to 0.80-0.88 EPS.

ATR traded down $2.71 during midday trading on Friday, hitting $115.20. 668,147 shares of the company traded hands, compared to its average volume of 268,564. 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 company has a market capitalization of $7.39 billion, a price-to-earnings ratio of 37.77, a PEG ratio of 5.32 and a beta of 0.63. AptarGroup has a 52-week low of $79.84 and a 52-week high of $124.00. The business has a 50 day simple moving average of $112.85 and a two-hundred day simple moving average of $108.64.

AptarGroup (NYSE:ATR) last posted its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.13. The business had revenue of $699.31 million for the quarter, compared to the consensus estimate of $655.01 million. AptarGroup had a net margin of 7.24% and a return on equity of 14.59%. Equities research analysts anticipate that AptarGroup will post 3.17 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Wednesday, July 29th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Tuesday, July 28th. AptarGroup’s dividend payout ratio is currently 36.46%.

Several equities analysts have recently weighed in on ATR shares. Wells Fargo & Co decreased their price target on shares of AptarGroup from $122.00 to $118.00 and set a buy rating on the stock in a research note on Friday, April 17th. Bank of America raised shares of AptarGroup from a neutral rating to a buy rating and raised their price target for the stock from $101.00 to $131.00 in a research note on Monday, April 27th. Deutsche Bank decreased their price target on shares of AptarGroup from $124.00 to $118.00 and set a buy rating on the stock in a research note on Thursday, April 16th. Finally, KeyCorp reissued a hold rating on shares of AptarGroup in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of Buy and an average price target of $117.43.

In related news, insider Marc Prieur sold 1,583 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $111.04, for a total transaction of $175,776.32. Following the completion of the sale, the insider now directly owns 11,427 shares in the company, valued at $1,268,854.08. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.70% of the stock is currently owned by company insiders.

About AptarGroup

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 and Estimates for AptarGroup (NYSE:ATR)

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