AptarGroup (ATR) to Release Earnings on Thursday

AptarGroup (NYSE:ATR) is projected to announce its earnings results 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 interested in participating in the company’s conference call can do so using this link.

AptarGroup Price Performance

ATR opened at $155.93 on Tuesday. 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 $10.38 billion, a P/E ratio of 31.31, a PEG ratio of 2.59 and a beta of 0.59. The stock has a 50-day moving average price of $161.66 and a 200-day moving average price of $158.75. AptarGroup has a 12-month low of $128.05 and a 12-month high of $178.03.

AptarGroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 5th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.15%. The ex-dividend date is Wednesday, February 5th. AptarGroup’s dividend payout ratio is currently 36.14%.

AptarGroup declared that its board has approved a stock repurchase program on Thursday, October 10th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the industrial products company to purchase up to 4.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Activity at AptarGroup

In other news, EVP Kimberly Chainey sold 964 shares of AptarGroup stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $168.83, for a total transaction of $162,752.12. Following the sale, the executive vice president now owns 7,848 shares of the company’s stock, valued at approximately $1,324,977.84. The trade was a 10.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ATR shares. Raymond James initiated coverage on shares of AptarGroup in a research note on Tuesday, January 7th. They issued an “outperform” rating and a $200.00 price objective for the company. Jefferies Financial Group raised AptarGroup from a “hold” rating to a “buy” rating and raised their price objective for the company from $155.00 to $215.00 in a research note on Monday, October 14th. Dbs Bank raised AptarGroup from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Robert W. Baird lifted their target price on shares of AptarGroup from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Finally, Wells Fargo & Company dropped their price target on shares of AptarGroup from $185.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $190.60.

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.