$782.56 Million in Sales Expected for AptarGroup, Inc. (NYSE:ATR) This Quarter
Equities research analysts expect AptarGroup, Inc. (NYSE:ATR) to report $782.56 million in sales for the current quarter, according to Zacks. Five analysts have issued estimates for AptarGroup’s earnings. The lowest sales estimate is $757.50 million and the highest is $811.20 million. AptarGroup posted sales of $699.31 million during the same quarter last year, which would indicate a positive year over year growth rate of 11.9%. The business is expected to announce its next earnings results on Thursday, July 29th.
According to Zacks, analysts expect that AptarGroup will report full year sales of $3.17 billion for the current year, with estimates ranging from $3.07 billion to $3.23 billion. For the next fiscal year, analysts expect that the firm will post sales of $3.33 billion, with estimates ranging from $3.21 billion to $3.47 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for AptarGroup.
AptarGroup (NYSE:ATR) last issued its quarterly earnings results on Wednesday, April 28th. The industrial products company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.19. AptarGroup had a net margin of 7.34% and a return on equity of 14.24%.
ATR stock traded up $2.56 during midday trading on Thursday, reaching $155.02. 206,816 shares of the company were exchanged, compared to its average volume of 238,010. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.69 and a quick ratio of 1.21. The business has a 50-day moving average price of $145.74 and a two-hundred day moving average price of $134.94. AptarGroup has a one year low of $99.11 and a one year high of $156.14. The firm has a market capitalization of $10.23 billion, a price-to-earnings ratio of 49.21, a price-to-earnings-growth ratio of 4.82 and a beta of 0.63.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 19th. Investors of record on Wednesday, April 28th will be issued a $0.38 dividend. The ex-dividend date is Tuesday, April 27th. This is a boost from AptarGroup’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a yield of 0.98%. AptarGroup’s dividend payout ratio is presently 38.48%.
In other news, insider Marc Prieur sold 3,174 shares of the company’s stock in a transaction that occurred on Friday, March 12th. The stock was sold at an average price of $139.44, for a total transaction of $442,582.56. Following the transaction, the insider now directly owns 20,496 shares of the company’s stock, valued at $2,857,962.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joanne C. Dr Smith sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 3rd. The stock was sold at an average price of $132.05, for a total value of $132,050.00. Following the transaction, the director now directly owns 16,658 shares in the company, valued at $2,199,688.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,348 shares of company stock worth $5,272,715. Insiders own 1.70% of the company’s stock.
Several large investors have recently modified their holdings of the company. Captrust Financial Advisors raised its position in AptarGroup by 18.8% in the 4th quarter. Captrust Financial Advisors now owns 443 shares of the industrial products company’s stock valued at $61,000 after buying an additional 70 shares during the last quarter. Signaturefd LLC raised its position in AptarGroup by 12.6% in the 4th quarter. Signaturefd LLC now owns 707 shares of the industrial products company’s stock valued at $97,000 after buying an additional 79 shares during the last quarter. Advisor Partners LLC raised its position in AptarGroup by 1.2% in the 4th quarter. Advisor Partners LLC now owns 6,579 shares of the industrial products company’s stock valued at $901,000 after buying an additional 79 shares during the last quarter. Treasurer of the State of North Carolina raised its position in AptarGroup by 0.4% in the 4th quarter. Treasurer of the State of North Carolina now owns 24,619 shares of the industrial products company’s stock valued at $3,370,000 after buying an additional 90 shares during the last quarter. Finally, IFP Advisors Inc raised its position in AptarGroup by 15.2% in the 4th quarter. IFP Advisors Inc now owns 706 shares of the industrial products company’s stock valued at $97,000 after buying an additional 93 shares during the last quarter. 87.04% of the stock is currently owned by institutional investors.
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: Pharma, Beauty + Home, and Food + Beverage.
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