AptarGroup Earnings: Everything You Must Know Now
AptarGroup, Inc. (NYSE:ATR) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
AptarGroup, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 26.23% to $0.77 in the quarter versus EPS of $0.61 in the year-earlier quarter.
Revenue: Rose 11.06% to $641.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: AptarGroup, Inc. reported adjusted EPS income of $0.77 per share. By that measure, the company beat the mean analyst estimate of $0.74. It beat the average revenue estimate of $623.84 million.
Quoting Management: Stephen Hagge, President and CEO, said, “We are pleased to report record quarterly sales. End market diversity continues to be a key strength of our business. Our Pharma segment benefited from increased demand from both the consumer health care and prescription drug markets while our Food + Beverage segment also experienced increased sales to each of its markets. In our Beauty + Home segment, increased demand from the personal care market was partially offset by decreased demand from the beauty and home care markets. Also, Aptar Stelmi continued to perform well.”
Key Stats (on next page)…
Revenue increased 3.85% from $617.63 million in the previous quarter. EPS increased 20.31% from $0.64 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.73 and has not changed. For the current year, the average estimate is a profit of $2.76, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)