Analysts predict that AptarGroup, Inc. (NYSE:ATR) will post $751.87 million in sales for the current quarter, Zacks reports. Five analysts have issued estimates for AptarGroup’s earnings. The lowest sales estimate is $735.00 million and the highest is $764.90 million. AptarGroup reported sales of $710.61 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.8%. The business is scheduled to issue its next earnings report after the market closes on Wednesday, July 31st.

According to Zacks, analysts expect that AptarGroup will report full-year sales of $2.96 billion for the current fiscal year, with estimates ranging from $2.90 billion to $3.12 billion. For the next fiscal year, analysts expect that the company will report sales of $3.08 billion, with estimates ranging from $2.89 billion to $3.29 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow AptarGroup.

AptarGroup (NYSE:ATR) last released its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $1.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.09. The firm had revenue of $744.46 million during the quarter, compared to analyst estimates of $743.68 million. AptarGroup had a return on equity of 18.90% and a net margin of 7.07%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.99 EPS.

Several research firms have recently commented on ATR. Morgan Stanley set a $36.00 price target on ArcBest and gave the stock a “hold” rating in a research report on Monday. Zacks Investment Research lowered HANNOVER RUECK/S from a “hold” rating to a “sell” rating in a research report on Monday, April 22nd. Deutsche Bank lowered Cogent Communications from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Finally, Bank of America reaffirmed a “neutral” rating and set a $105.00 target price (up from $95.00) on shares of Childrens Place in a research report on Friday, April 5th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $111.78.

In other AptarGroup news, insider Eldon W. Schaffer II sold 20,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $113.80, for a total transaction of $2,276,000.00. Following the sale, the insider now owns 65,115 shares in the company, valued at approximately $7,410,087. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Robert Kuhn sold 5,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $113.35, for a total value of $566,750.00. Following the sale, the chief financial officer now owns 62,871 shares in the company, valued at approximately $7,126,427.85. The disclosure for this sale can be found here. Insiders have sold a total of 37,000 shares of company stock worth $4,284,590 over the last ninety days. 3.00% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its stake in shares of AptarGroup by 3.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,552 shares of the industrial products company’s stock worth $899,000 after purchasing an additional 301 shares during the period. BlackRock Inc. raised its stake in AptarGroup by 3.3% in the 4th quarter. BlackRock Inc. now owns 5,529,612 shares of the industrial products company’s stock valued at $520,170,000 after acquiring an additional 174,573 shares during the period. Commonwealth Equity Services LLC raised its stake in AptarGroup by 4.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 4,145 shares of the industrial products company’s stock valued at $389,000 after acquiring an additional 194 shares during the period. Advisor Group Inc. raised its stake in AptarGroup by 31.4% in the 4th quarter. Advisor Group Inc. now owns 2,908 shares of the industrial products company’s stock valued at $273,000 after acquiring an additional 695 shares during the period. Finally, Blueshift Asset Management LLC bought a new stake in AptarGroup in the 4th quarter valued at about $322,000. Institutional investors and hedge funds own 89.94% of the company’s stock.

Shares of ATR traded down $0.61 during trading hours on Friday, hitting $123.41. The company had a trading volume of 240,900 shares, compared to its average volume of 245,765. The company has a market cap of $7.84 billion, a P/E ratio of 30.85, a PEG ratio of 2.75 and a beta of 0.79. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.13 and a quick ratio of 1.51. AptarGroup has a one year low of $88.26 and a one year high of $126.19. The business’s fifty day moving average price is $119.85.

AptarGroup Company Profile

AptarGroup, Inc provides a range of packaging, dispensing, and sealing solutions primarily for the beauty, personal care, home care, prescription drug, consumer health care, injectable, and food and beverage markets. The company operates through three segments: Beauty + Home, Pharma, and Food + Beverage.

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Earnings History and Estimates for AptarGroup (NYSE:ATR)

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