$599.22 Million in Sales Expected for AptarGroup, Inc. (ATR) This Quarter

Analysts expect that AptarGroup, Inc. (NYSE:ATR) will post sales of $599.22 million for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for AptarGroup’s earnings, with estimates ranging from $579.90 million to $608.30 million. AptarGroup reported sales of $589.73 million in the same quarter last year, which would suggest a positive year over year growth rate of 1.6%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Thursday, October 26th.

According to Zacks, analysts expect that AptarGroup will report full year sales of $599.22 million for the current financial year, with estimates ranging from $2.35 billion to $2.41 billion. For the next fiscal year, analysts expect that the firm will report sales of $2.49 billion per share, with estimates ranging from $2.43 billion to $2.55 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for AptarGroup.

AptarGroup (NYSE:ATR) last issued its earnings results on Thursday, July 27th. The industrial products company reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.05. The business had revenue of $617.75 million during the quarter, compared to the consensus estimate of $624.74 million. AptarGroup had a return on equity of 16.91% and a net margin of 9.36%. The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the company posted $0.91 earnings per share.

Several research firms have weighed in on ATR. Deutsche Bank AG reiterated a “buy” rating and issued a $90.00 price objective (up previously from $87.00) on shares of AptarGroup in a report on Tuesday, July 18th. BMO Capital Markets reiterated a “hold” rating and issued a $92.00 price objective on shares of AptarGroup in a report on Thursday, July 20th. BidaskClub cut AptarGroup from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Zacks Investment Research upgraded AptarGroup from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Finally, Vertical Research upgraded AptarGroup from a “sell” rating to a “hold” rating and increased their price objective for the stock from $70.00 to $77.00 in a report on Monday, July 31st. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $81.40.

Shares of AptarGroup (NYSE:ATR) traded up 0.14% during midday trading on Friday, reaching $85.56. The company’s stock had a trading volume of 260,352 shares. AptarGroup has a 12-month low of $70.32 and a 12-month high of $90.79. The company has a market capitalization of $5.37 billion, a P/E ratio of 25.16 and a beta of 0.96. The company’s 50-day moving average price is $83.04 and its 200 day moving average price is $82.51.

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In other news, insider Gael Touya sold 35,000 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $81.25, for a total value of $2,843,750.00. Following the completion of the transaction, the insider now owns 33,092 shares of the company’s stock, valued at approximately $2,688,725. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Monnas Giovanna Kampouri sold 2,000 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $82.13, for a total value of $164,260.00. Following the completion of the transaction, the director now directly owns 6,469 shares of the company’s stock, valued at approximately $531,298.97. The disclosure for this sale can be found here. Company insiders own 5.30% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Great Lakes Advisors LLC raised its position in shares of AptarGroup by 0.4% in the 2nd quarter. Great Lakes Advisors LLC now owns 5,683 shares of the industrial products company’s stock worth $494,000 after acquiring an additional 20 shares in the last quarter. Toronto Dominion Bank raised its position in shares of AptarGroup by 1.7% in the 1st quarter. Toronto Dominion Bank now owns 1,771 shares of the industrial products company’s stock worth $137,000 after acquiring an additional 30 shares in the last quarter. Coldstream Capital Management Inc. raised its position in shares of AptarGroup by 1.1% in the 2nd quarter. Coldstream Capital Management Inc. now owns 2,805 shares of the industrial products company’s stock worth $244,000 after acquiring an additional 30 shares in the last quarter. Citigroup Inc. raised its position in shares of AptarGroup by 0.5% in the 2nd quarter. Citigroup Inc. now owns 6,323 shares of the industrial products company’s stock worth $549,000 after acquiring an additional 34 shares in the last quarter. Finally, Advisory Services Network LLC raised its position in shares of AptarGroup by 1.1% in the 2nd quarter. Advisory Services Network LLC now owns 4,464 shares of the industrial products company’s stock worth $388,000 after acquiring an additional 50 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

About AptarGroup

AptarGroup, Inc is a provider of a range of packaging, dispensing and sealing solutions, primarily for the beauty, personal care, homecare, prescription drug, consumer healthcare, injectables, food and beverage markets. The Company has manufacturing facilities located throughout the world, including North America, Europe, Asia and South America.

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Earnings History and Estimates for AptarGroup (NYSE:ATR)

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