AptarGroup (ATR) to Release Quarterly Earnings on Thursday

AptarGroup (NYSE:ATR) will likely be posting 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 are interested in participating in the company’s conference call can do so using this link.

AptarGroup Price Performance

Shares of ATR opened at $157.74 on Wednesday. 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 company’s fifty day moving average price is $161.04 and its 200-day moving average price is $158.90. AptarGroup has a 1-year low of $128.05 and a 1-year high of $178.03. The firm has a market capitalization of $10.50 billion, a PE ratio of 31.68, a price-to-earnings-growth ratio of 2.59 and a beta of 0.59.

AptarGroup declared that its Board of Directors has initiated a stock repurchase 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 repurchase up to 4.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

AptarGroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 5th will be paid a dividend of $0.45 per share. The ex-dividend date is Wednesday, February 5th. This represents a $1.80 annualized dividend and a yield of 1.14%. AptarGroup’s payout ratio is presently 36.14%.

Analysts Set New Price Targets

ATR has been the topic of several research reports. Wells Fargo & Company cut their price target on shares of AptarGroup from $185.00 to $180.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Bank of America downgraded shares of AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price objective on the stock. in a report on Monday, January 6th. Raymond James started coverage on shares of AptarGroup in a report on Tuesday, January 7th. They set an “outperform” rating and a $200.00 target price for the company. Robert W. Baird upped their price target on shares of AptarGroup from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Finally, Jefferies Financial Group upgraded AptarGroup from a “hold” rating to a “buy” rating and lifted their price objective for the company from $155.00 to $215.00 in a research note on Monday, October 14th. One 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 currently has an average rating of “Buy” and an average target price of $190.60.

Insider Activity

In other AptarGroup news, EVP Kimberly Chainey sold 964 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $168.83, for a total value of $162,752.12. Following the transaction, the executive vice president now 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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.