Brokers Issue Forecasts for AptarGroup Inc.’s Q3 2016 Earnings (ATR)
AptarGroup Inc. (NYSE:ATR) – Stock analysts at Jefferies Group issued their Q3 2016 earnings estimates for AptarGroup in a research report issued to clients and investors on Thursday. Jefferies Group analyst P. Ng anticipates that the firm will post earnings per share of $0.82 for the quarter. Jefferies Group currently has a “Hold” rating and a $83.00 target price on the stock. Jefferies Group also issued estimates for AptarGroup’s Q4 2016 earnings at $0.72 EPS, FY2016 earnings at $3.15 EPS, Q1 2017 earnings at $0.80 EPS, Q2 2017 earnings at $0.97 EPS, Q3 2017 earnings at $0.94 EPS, Q4 2017 earnings at $0.79 EPS, FY2017 earnings at $3.51 EPS and FY2018 earnings at $3.94 EPS.
AptarGroup (NYSE:ATR) last posted its earnings results on Thursday, July 28th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.01. AptarGroup had a return on equity of 16.67% and a net margin of 8.54%. The firm had revenue of $620 million for the quarter, compared to analyst estimates of $621.52 million. During the same quarter in the prior year, the company earned $0.82 EPS. AptarGroup’s revenue was up 4.3% on a year-over-year basis.
A number of other equities analysts have also recently weighed in on the company. BMO Capital Markets reissued a “hold” rating on shares of AptarGroup in a report on Friday, September 9th. Robert W. Baird lifted their price objective on AptarGroup from $80.00 to $84.00 and gave the company a “neutral” rating in a research report on Friday, September 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $77.75.
AptarGroup (NYSE:ATR) opened at 76.20 on Monday. AptarGroup has a 1-year low of $66.33 and a 1-year high of $81.50. The company’s 50-day moving average price is $77.64 and its 200 day moving average price is $77.66. The firm has a market cap of $4.80 billion, a price-to-earnings ratio of 24.74 and a beta of 0.87.
In other news, insider Salim Haffar sold 50,333 shares of the company’s stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $78.74, for a total value of $3,963,220.42. Following the completion of the sale, the insider now owns 23,149 shares of the company’s stock, valued at $1,822,752.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Robert Kuhn sold 3,000 shares of the company’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $78.59, for a total value of $235,770.00. Following the completion of the sale, the chief financial officer now directly owns 15,050 shares of the company’s stock, valued at approximately $1,182,779.50. The disclosure for this sale can be found here. Company insiders own 5.50% of the company’s stock.
Several large investors have recently modified their holdings of the company. Williams Jones & Associates LLC bought a new stake in shares of AptarGroup during the second quarter valued at $38,768,000. Mondrian Investment Partners LTD increased its stake in shares of AptarGroup by 611.5% in the second quarter. Mondrian Investment Partners LTD now owns 413,681 shares of the company’s stock valued at $32,735,000 after buying an additional 355,541 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of AptarGroup by 26.7% in the second quarter. Victory Capital Management Inc. now owns 1,269,754 shares of the company’s stock valued at $100,475,000 after buying an additional 267,618 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of AptarGroup by 91.3% in the first quarter. Renaissance Technologies LLC now owns 482,800 shares of the company’s stock valued at $37,856,000 after buying an additional 230,400 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of AptarGroup by 3.0% in the second quarter. Vanguard Group Inc. now owns 5,134,609 shares of the company’s stock valued at $406,301,000 after buying an additional 147,860 shares during the last quarter. 88.28% of the stock is owned by institutional investors.
AptarGroup, Inc is a provider of a range of packaging, dispensing and sealing solutions, primarily for the beauty, personal care, home care, prescription drug, consumer healthcare, injectables, food and beverage markets. The Company has manufacturing facilities located in North America, Europe, Asia and South America.
Receive News & Ratings for AptarGroup Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AptarGroup Inc. and related companies with MarketBeat.com's FREE daily email newsletter.