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.
Shares of NYSE ATR traded down $2.71 during mid-day trading on Friday, reaching $115.20. The company’s stock had a trading volume of 668,147 shares, compared to its average volume of 268,564. The stock has a 50-day moving average of $112.85 and a two-hundred day moving average of $108.64. The stock has a market capitalization of $7.39 billion, a P/E ratio of 37.77, a P/E/G ratio of 5.20 and a beta of 0.63. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.28 and a current ratio of 1.70. AptarGroup has a 1-year low of $79.84 and a 1-year high of $124.00.
AptarGroup (NYSE:ATR) last issued its earnings results on Thursday, July 30th. The industrial products company reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.13. The business had revenue of $699.31 million during the quarter, compared to analysts’ expectations of $655.01 million. AptarGroup had a net margin of 7.24% and a return on equity of 14.59%. Analysts predict that AptarGroup will post 3.21 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Wednesday, July 29th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Tuesday, July 28th. AptarGroup’s dividend payout ratio is currently 36.46%.
ATR has been the subject of a number of analyst reports. Bank of America raised shares of AptarGroup from a neutral rating to a buy rating and upped their price objective for the company from $101.00 to $131.00 in a report on Monday, April 27th. Deutsche Bank dropped their price objective on shares of AptarGroup from $124.00 to $118.00 and set a buy rating for the company in a report on Thursday, April 16th. KeyCorp reissued a hold rating on shares of AptarGroup in a report on Friday. Finally, Wells Fargo & Co dropped their price objective on shares of AptarGroup from $122.00 to $118.00 and set a buy rating for the company in a report on Friday, April 17th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. AptarGroup currently has an average rating of Buy and an average price target of $116.67.
In other AptarGroup news, insider Marc Prieur sold 1,583 shares of the 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 transaction, the insider now owns 11,427 shares of the company’s stock, valued at $1,268,854.08. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.70% of the company’s stock.
AptarGroup Company Profile
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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