AptarGroup (ATR) to Release Quarterly Earnings on Thursday

AptarGroup (NYSE:ATR - Get Free Report) is anticipated to post 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 interested in listening to the company's conference call can do so using this link.

AptarGroup Trading Up 0.8 %

NYSE ATR traded up $1.28 during trading on Thursday, hitting $158.39. 116,531 shares of the company's stock traded hands, compared to its average volume of 265,993. 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 stock has a fifty day moving average of $162.19 and a two-hundred day moving average of $158.46. The firm has a market cap of $10.54 billion, a P/E ratio of 31.79, a PEG ratio of 2.62 and a beta of 0.59. AptarGroup has a 12-month low of $128.05 and a 12-month high of $178.03.

AptarGroup Dividend Announcement

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 issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Wednesday, February 5th. AptarGroup's dividend payout ratio (DPR) is presently 36.14%.

AptarGroup announced that its Board of Directors has authorized a share buyback program on Thursday, October 10th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the industrial products company to repurchase up to 4.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ATR shares. Wells Fargo & Company reduced their price objective on shares of AptarGroup from $185.00 to $180.00 and set an "overweight" rating on the stock in a research report on Monday, January 6th. Robert W. Baird upped their target price on AptarGroup from $170.00 to $185.00 and gave the stock an "outperform" rating in a report on Monday, October 28th. Bank of America lowered AptarGroup from a "buy" rating to a "neutral" rating and set a $173.00 price target on the stock. in a research report on Monday, January 6th. Dbs Bank upgraded AptarGroup from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 16th. Finally, 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 on the stock. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $190.60.

Insider Buying and Selling at AptarGroup

In other news, EVP Kimberly Chainey sold 964 shares of the business'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 completion of the transaction, the executive vice president now owns 7,848 shares in the company, valued at $1,324,977.84. The trade was a 10.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is owned by company insiders.

AptarGroup Company Profile

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.