AptarGroup (ATR) to Release Quarterly Earnings on Thursday

AptarGroup (NYSE:ATR) will post its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect AptarGroup to post earnings of $1.12 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

AptarGroup (NYSE:ATR) last posted its earnings results on Friday, February 9th. The industrial products company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.12 by $0.09. The company had revenue of $838.48 million during the quarter, compared to analyst estimates of $842.50 million. AptarGroup had a return on equity of 14.46% and a net margin of 8.16%. The business’s revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.92 earnings per share. On average, analysts expect AptarGroup to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

AptarGroup Trading Up 0.7 %

Shares of NYSE:ATR opened at $140.38 on Tuesday. The company’s 50-day moving average price is $140.61 and its 200 day moving average price is $131.77. AptarGroup has a fifty-two week low of $111.63 and a fifty-two week high of $145.35. The company has a market cap of $9.29 billion, a PE ratio of 33.03, a P/E/G ratio of 3.82 and a beta of 0.59. The company has a quick ratio of 0.83, a current ratio of 1.24 and a debt-to-equity ratio of 0.29.

AptarGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Thursday, April 25th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Wednesday, April 24th. AptarGroup’s dividend payout ratio (DPR) is 38.59%.

Wall Street Analyst Weigh In

Several equities analysts have commented on ATR shares. Robert W. Baird raised shares of AptarGroup from a “neutral” rating to an “outperform” rating and raised their target price for the company from $125.00 to $150.00 in a research note on Wednesday, January 3rd. Wells Fargo & Company upped their price objective on AptarGroup from $157.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, March 7th.

Insider Transactions at AptarGroup

In related news, CEO Stephan B. Tanda sold 32,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $141.67, for a total value of $4,533,440.00. Following the completion of the sale, the chief executive officer now owns 159,024 shares in the company, valued at approximately $22,528,930.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other AptarGroup news, Director Monnas Giovanna Kampouri sold 2,000 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $142.45, for a total value of $284,900.00. Following the transaction, the director now directly owns 9,648 shares of the company’s stock, valued at approximately $1,374,357.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Stephan B. Tanda sold 32,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $141.67, for a total transaction of $4,533,440.00. Following the transaction, the chief executive officer now directly owns 159,024 shares in the company, valued at approximately $22,528,930.08. The disclosure for this sale can be found here. Insiders have sold 37,500 shares of company stock valued at $5,318,280 over the last three months. Company insiders own 1.00% of the company’s stock.

About AptarGroup

AptarGroup, Inc designs and manufactures a range of drug delivery, consumer product dispensing, and active material science solutions and services for the pharmaceutical, beauty, personal care, home care, and food and beverage markets. The company operates through Aptar Pharma, Aptar Beauty, and Aptar Closures segments.