AptarGroup Inc. (ATR) Forecasted to Post Q3 2016 Earnings of $0.82 Per Share
AptarGroup Inc. (NYSE:ATR) – Investment analysts at Jefferies Group issued their Q3 2016 earnings estimates for AptarGroup in a research report issued on Thursday. Jefferies Group analyst P. Ng expects that the firm will earn $0.82 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $83.00 target price on the stock. Jefferies Group also issued estimates for AptarGroup’s Q4 2016 earnings at $0.72 EPS, FY2016 earnings at $3.15 EPS, Q1 2017 earnings at $0.80 EPS, Q2 2017 earnings at $0.97 EPS, Q3 2017 earnings at $0.94 EPS, Q4 2017 earnings at $0.79 EPS, FY2017 earnings at $3.51 EPS and FY2018 earnings at $3.94 EPS.
Several other equities analysts also recently commented on ATR. Robert W. Baird upped their price objective on shares of AptarGroup from $80.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, September 9th. BMO Capital Markets reiterated a “hold” rating on shares of AptarGroup in a research report on Friday, September 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. AptarGroup currently has an average rating of “Hold” and a consensus target price of $77.75.
AptarGroup (NYSE:ATR) opened at 76.39 on Monday. The company has a market cap of $4.81 billion, a PE ratio of 24.80 and a beta of 0.87. AptarGroup has a 52-week low of $66.33 and a 52-week high of $81.50. The firm’s 50 day moving average is $77.57 and its 200 day moving average is $77.64.
AptarGroup (NYSE:ATR) last posted its earnings results on Thursday, July 28th. The company reported $0.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.01. AptarGroup had a net margin of 8.54% and a return on equity of 16.67%. The firm had revenue of $620 million for the quarter, compared to analysts’ expectations of $621.52 million. During the same quarter last year, the firm earned $0.82 EPS. The company’s quarterly revenue was up 4.3% compared to the same quarter last year.
In other news, Director King W. Harris sold 13,100 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $76.62, for a total value of $1,003,722.00. Following the completion of the sale, the director now owns 195,509 shares in the company, valued at approximately $14,979,899.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Salim Haffar sold 50,333 shares of the firm’s stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $78.74, for a total transaction of $3,963,220.42. Following the completion of the sale, the insider now owns 23,149 shares of the company’s stock, valued at approximately $1,822,752.26. The disclosure for this sale can be found here. 5.50% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in ATR. C M Bidwell & Associates Ltd. raised its stake in AptarGroup by 16.9% in the first quarter. C M Bidwell & Associates Ltd. now owns 1,555 shares of the company’s stock valued at $122,000 after buying an additional 225 shares during the period. Independent Portfolio Consultants Inc. raised its stake in AptarGroup by 8.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,020 shares of the company’s stock valued at $160,000 after buying an additional 160 shares during the period. Tower Research Capital LLC TRC raised its stake in AptarGroup by 70.6% in the second quarter. Tower Research Capital LLC TRC now owns 2,192 shares of the company’s stock valued at $173,000 after buying an additional 907 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new stake in AptarGroup during the second quarter valued at about $174,000. Finally, Parametrica Management Ltd purchased a new stake in AptarGroup during the third quarter valued at about $202,000. Hedge funds and other institutional investors own 88.28% of the company’s stock.
AptarGroup Company Profile
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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