AptarGroup (ATR) Scales a 52-Week High on Strong Q1 Results

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Shares of AptarGroup, Inc. (ATR - Free Report) scaled a new 52-week high of $83.04 on May 10, eventually closing at $82.87. Year to date, the stock has gained 13.7%. The stock price appreciation came on the back of solid first-quarter results.

AptarGroup has a market cap of $5.17 billion. Average volume of shares traded in the last three months is approximately 310K. The company has outperformed the Zacks Consensus Estimate in three of the four trailing quarters with an average positive surprise of 1.78%. The company has an expected long-term earnings growth rate of 9.33%.

Growth Drivers

AptarGroup’s share price has gained 3.6% since its earnings release on Apr 28, outperforming the Zacks categorized Containers- Paper and Packaging sub industry’s gain of 1.5%.

The company reported record first-quarter 2017 earnings per share of 77 cents on Apr 28. Earnings improved 4% from the year-ago figure of 74 cents, and came in at the higher end of the company’s guided range of 72–77 cents. Earnings also beat the Zacks Consensus Estimate of 75 cents.

AptarGroup, Inc. Price and Consensus

 

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