AptarGroup (ATR) Projected to Post Earnings on Thursday

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

AptarGroup Price Performance

NYSE:ATR opened at $157.74 on Wednesday. The firm has a market capitalization of $10.50 billion, a price-to-earnings ratio of 31.68, a PEG ratio of 2.59 and a beta of 0.59. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.62 and a quick ratio of 1.15. The business has a 50 day simple moving average of $161.04 and a 200-day simple moving average of $158.90. AptarGroup has a 1 year low of $128.05 and a 1 year high of $178.03.

AptarGroup announced that its board has initiated a stock buyback program on Thursday, October 10th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the industrial products company to buy up to 4.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

AptarGroup Announces Dividend

The business 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 $0.45 dividend. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $1.80 dividend on an annualized basis and a yield of 1.14%. AptarGroup’s dividend payout ratio is presently 36.14%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ATR. Robert W. Baird increased their price objective on shares of AptarGroup from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Dbs Bank raised shares of AptarGroup from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Bank of America downgraded 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 price objective on AptarGroup from $185.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Finally, Raymond James initiated coverage on AptarGroup in a report on Tuesday, January 7th. They issued an “outperform” rating and a $200.00 target price for the company. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $190.60.

Insider Buying and Selling at AptarGroup

In other news, EVP Kimberly Chainey sold 964 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $168.83, for a total value of $162,752.12. Following the sale, the executive vice president now directly owns 7,848 shares in the company, valued at approximately $1,324,977.84. This trade represents a 10.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.