AptarGroup Beats on Both Top and Bottom Lines
AptarGroup (NYS: ATR) reported earnings on May 8. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), AptarGroup beat expectations on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue improved slightly and GAAP earnings per share stayed the same.
Margins contracted across the board.
AptarGroup recorded revenue of $592.5 million. The 10 analysts polled by S&P Capital IQ expected net sales of $578.7 million on the same basis. GAAP reported sales were 2.8% higher than the prior-year quarter's $576.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.64. The nine earnings estimates compiled by S&P Capital IQ anticipated $0.63 per share. GAAP EPS of $0.64 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 32.3%, 130 basis points worse than the prior-year quarter. Operating margin was 11.9%, 20 basis points worse than the prior-year quarter. Net margin was 7.4%, 30 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $618.5 million. On the bottom line, the average EPS estimate is $0.74.
Next year's average estimate for revenue is $2.41 billion. The average EPS estimate is $2.85.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 86 members out of 91 rating the stock outperform, and five members rating it underperform. Among 30 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 28 give AptarGroup a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on AptarGroup is hold, with an average price target of $53.57.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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