AptarGroup (ATR) Earning Somewhat Favorable News Coverage, Accern Reports
News coverage about AptarGroup (NYSE:ATR) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. AptarGroup earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 46.2480664068365 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
ATR has been the topic of several recent research reports. Vertical Group lowered AptarGroup from a “hold” rating to a “sell” rating and raised their price target for the stock from $68.00 to $70.00 in a research report on Tuesday, May 2nd. Deutsche Bank AG restated a “buy” rating and issued a $90.00 price target (up from $87.00) on shares of AptarGroup in a research report on Tuesday, July 18th. BMO Capital Markets restated a “hold” rating and issued a $79.00 price target on shares of AptarGroup in a research report on Sunday, July 2nd. KeyCorp restated a “hold” rating on shares of AptarGroup in a research report on Friday, June 23rd. Finally, BidaskClub lowered AptarGroup from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $81.83.
AptarGroup (NYSE ATR) traded down 1.70% on Thursday, hitting $82.13. The stock had a trading volume of 221,656 shares. AptarGroup has a 12-month low of $70.32 and a 12-month high of $90.79. The company has a market capitalization of $5.15 billion, a PE ratio of 24.16 and a beta of 0.96. The company has a 50 day moving average of $85.86 and a 200 day moving average of $80.93.
AptarGroup (NYSE:ATR) last posted its quarterly earnings data on Thursday, July 27th. The industrial products company reported $1.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.05. The business had revenue of $617.75 million during the quarter, compared to the consensus estimate of $624.74 million. AptarGroup had a return on equity of 16.91% and a net margin of 9.36%. AptarGroup’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the prior year, the business posted $0.91 earnings per share. On average, equities analysts expect that AptarGroup will post $3.34 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 16th. Investors of record on Wednesday, July 26th were issued a $0.32 dividend. The ex-dividend date of this dividend was Monday, July 24th. This represents a $1.28 dividend on an annualized basis and a yield of 1.56%. AptarGroup’s payout ratio is 37.54%.
In other AptarGroup news, insider Salim Haffar sold 16,667 shares of the stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $82.83, for a total transaction of $1,380,527.61. Following the completion of the sale, the insider now directly owns 38,093 shares in the company, valued at approximately $3,155,243.19. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Gael Touya sold 35,000 shares of the stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $81.25, for a total value of $2,843,750.00. Following the sale, the insider now owns 33,092 shares of the company’s stock, valued at $2,688,725. The disclosure for this sale can be found here. Insiders sold 90,667 shares of company stock valued at $7,569,548 over the last 90 days. 5.30% of the stock is currently owned by company insiders.
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AptarGroup Company Profile
AptarGroup, Inc is a provider of a range of packaging, dispensing and sealing solutions, primarily for the beauty, personal care, homecare, prescription drug, consumer healthcare, injectables, food and beverage markets. The Company has manufacturing facilities located throughout the world, including North America, Europe, Asia and South America.
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