AptarGroup (ATR) Projected to Post Quarterly Earnings on Thursday

AptarGroup (NYSE:ATR) is expected to post its quarterly earnings results after the market closes on Thursday, February 6th. Analysts expect AptarGroup to post earnings of $1.28 per share and revenue of $852.26 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

AptarGroup Stock Performance

NYSE ATR opened at $157.00 on Thursday. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $10.45 billion, a price-to-earnings ratio of 31.53, a PEG ratio of 2.62 and a beta of 0.59. AptarGroup has a twelve month low of $128.05 and a twelve month high of $178.03. The stock has a 50-day moving average of $162.42 and a 200 day moving average of $158.47.

AptarGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 5th will be given a dividend of $0.45 per share. The ex-dividend date is Wednesday, February 5th. This represents a $1.80 dividend on an annualized basis and a yield of 1.15%. AptarGroup’s payout ratio is presently 36.14%.

AptarGroup announced that its board has approved a stock buyback plan on Thursday, October 10th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the industrial products company to reacquire up to 4.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Insider Activity

In related news, EVP Kimberly Chainey sold 964 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $168.83, for a total transaction of $162,752.12. Following the sale, the executive vice president now directly owns 7,848 shares of the company’s stock, valued at approximately $1,324,977.84. This represents a 10.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Jefferies Financial Group raised AptarGroup from a “hold” rating to a “buy” rating and boosted their target price for the company from $155.00 to $215.00 in a research report on Monday, October 14th. Bank of America cut shares of AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price target for the company. in a research note on Monday, January 6th. Wells Fargo & Company dropped their target price on AptarGroup from $185.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Robert W. Baird raised their price objective on AptarGroup from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Finally, Dbs Bank raised AptarGroup from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, AptarGroup presently has an average rating of “Buy” and a consensus target price of $190.60.

AptarGroup Company Profile

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.